Volue Set To Build Trading Platform For RE Operators

Volue Trading Platform For Wind, Solar Operators

Volue, a Norwegian technology company headquartered in Oslo, recently launched its new Position Closer solution’s SaaS model for the energy market.

Volue Position Closer is a software module launched, as part of the new ‘Volue Green Empower Ecosystem’. Over the next 18 months and beyond, Volue plans to expand this ecosystem with several new modules, covering the entire value chain of renewable energy operators.

This SaaS solution claims to address a gap in the sector by offering affordable, automated trading tools. It allows energy operators to optimize their portfolios without requiring a full-time trading desk or deep knowledge of market intricacies. The product addressed the growing demand for flexible, market-responsive energy management tools in light of the increasing adoption of renewable energy.

Software Ecosystem For Renewable Energy Operators

The platform plans to provide energy solutions tailored specifically for wind and solar operators, supplemented by Battery Energy Storage Systems (BESS). It will include features such as price forecasting, nomination, battery optimization, and reporting—furthering Volue’s commitment to empowering renewable operators.

On the launch, Martin Teci, VP of Volue’s Strategic Growth Initiative, said, “As the global energy sector shifts towards more sustainable and decentralized systems, both new entrants and established players managing renewable portfolios face the challenge of staying competitive while managing market volatility.

Product Usage

Volue Position Closer enables users to automatically close open energy positions in real time. By leveraging algorithms to track and respond to market fluctuations, it allows energy producers, renewable portfolio managers, and municipal utilities to minimize energy imbalance costs, regardless of their size.

The solution’s SaaS model ensures easy onboarding and seamless integration with existing operational systems. Users simply upload their intraday positions, and from there, the platform monitors market prices and manages positions automatically. Performance can be tracked via a dashboard, with options to drill down into portfolio-level data for deeper analysis.

“As first step we deliver Volue Position Closer which helps level the playing field, giving these operators the tools they need to optimise performance, reduce risks, and contribute more effectively to the energy transition.” 

 “By offering cutting-edge yet accessible solutions, we aim to support the industry’s transition to a cleaner and more resilient energy future. Our upcoming product releases will further address the specific needs of renewable operators, helping them to thrive independently in a rapidly evolving market.” 

Volue is a portfolio company of Arendals Fossekompani, an industrial investment company that combines industrial, technological, and capital markets expertise to identify and develop opportunities for value creation. Volue is a publicly traded company, with Arendals Fossekompani as the majority shareholder. The comony closed 2023 with operating revenues of NOK 1464 million (11,600 crores approx) and targets 2 billion NOK in revenues by 2025.