Agder Energi, one of the largest energy groups in Norway, has made a firm commitment to further collaborate with Brady plc, the Cambridge UK risk management software specialist.The Cambridge technology business sees the strengthened relationship as key to its international growth.
Agder Energi has chosen the Brady ETRM system to manage its financial and physical power trading operations in the Nordic energy market in addition to the Brady Energy Power Scheduling solution, which will be deployed to manage Agder’s scheduling operations in Germany.
Agder has been using Brady solutions for financial energy trading and risk management for a number of years; the recent news of Brady’s acquisitions in the energy space means that Agder can now reduce its suppliers and still be able to have best-of-breed solutions from a single supplier.
Brady Energy will provide Agder with a comprehensive offering, combining a broad ETRM solution for market data analytics and financial trading with a complete physical trading solution as well as the implementation of a scheduling system.
Brady CEO Gavin Lavelle said: “I am excited with the feedback from Agder Energi, which reconfirms our own view that we are able to provide a fully comprehensive best-of-breed energy trading and risk management solution from a single supplier.”
Agder Energi is one of the largest energy groups in Norway in terms of hydroelectric power production and has around 1,700 staff. The company has some 31 power stations, producing 7.8 TWh on annual mean basis and around 185.000 retail customers.