Agder Energi, one of Norway’s leading producers of clean, renewable hydroelectric power goes live with PowerDesk, Brady’s latest SaaS solution for short-term power trading.
LONDON – May 2022: Brady Technologies (‘Brady’), a leading provider of energy and commodities trading, risk and logistics management software, today announces that Agder Energi has gone live with the SaaS version of its PowerDesk solution following trialling a proof of concept. Brady PowerDesk is designed to help Europe’s electricity traders to accelerate revenue generation from intraday and day-ahead trading. PowerDesk offers ground-breaking decision-support showing portfolio flexibility at different price intervals, real-time net open position monitoring and reserve market bidding.
Brady and Agder Energi have a trusting and long-standing relationship of 20+ years. The company currently uses Brady’s physical power trading platform ‘EDM’, to manage the trading activities of its generation assets, and communicate with Transmission System Operators to schedule power efficiently across the Nordics.
Anders Gaudestad, EVP for Energy Management & Trading in Agder Energi says, “The implementation of the new Nordic Balancing Model, and in particular the demands of bidding in 15 minute intervals, prompted us to revaluate our trading IT landscape. We sought a solution to support our traders with automation and visualisation tools, in order to streamline our bidding process for our flexible hydro assets in the balancing markets. We were impressed with Brady’s vision for PowerDesk, which complements our use of the ‘EDM’ platform so well. We are delighted to reach this milestone and look forward to our ongoing collaboration.”
‘EDM’, Brady’s market leading physical power trading operations platform offers strong capabilities in times series data management, metering, back-office settlement and invoicing. EDM has long been a long-established and trusted trading platform across the Nordics. PowerDesk offers direct connectivity to the exchanges, as well as quick trade functions for consolidating trade screens and reducing the number of clicks required, enabling faster trade executions. PowerDesk is in effect a ‘trader cockpit’. PowerDesk and EDM from Brady, in combination provides an unrivalled solution for accelerating short-term power trading profits in the Nordics.
Bernard Delahaye, CEO of Brady Technologies says, “At Brady, we have made it a priority to help our Nordic customers adapt to the region’s electricity market changes. We are delighted to be working with Agder Energi, who have been instrumental in ensuring that PowerDesk offers the user experience sought for today’s short-term power trading desks. We are committed to helping energy trading market participants prepare for the decarbonised future.”
About Brady Technologies
Brady Technologies is a leading provider of energy and commodities trading, risk, and logistics management software that empowers global market participants to trade confidently, profitably and sustainably today and in the future. Its customers include renowned multinationals, where Brady software sits at the core of their mission-critical global trading operations. Brady’s portfolio of applications covers the entire trading operation from capture of financial and physical trades, through risk management, handling of physical operations, back-office treasury and settlement, for power, oil, gas, LNG coal, FX, emissions, metals, and agricultural products. For more information, please visit www.bradytechnologies.com
About Agder Energi
Agder Energi is one of Norway’s leading producers of clean, renewable hydroelectric power. The group operates throughout the value chain and includes production from its 49 hydropower stations, distribution and sale of renewable energy, as well as energy-related services.
Agder Energi has long experience in renewable development projects, subsea interconnectors and power system engineering. In addition, the group has a strategic goal of creating renewable growth in the green shift, and has more recently taken positions within batteries and offshore wind.
Agder Energi is headquartered in Kristiansand, Southern Norway, where it also operates the regional grid. The group have near 1000 employees in the Nordic countries and an annual turnover of NOK 15 billion.
The majority shareholders are the twenty five municipalities in the Agder county, who have a combined ownership interest of 54.475 percent. The rest of the shares are owned by Statkraft holding.