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 (‘Brady’) provides trading, risk management and logistics software solutions to energy markets. We help energy trading participants to profit in new ways from the green transition and support ESG requirements.
Our heritage in European energy spans over 30 years. Our customers comprise some of the most renowned energy organisations in Europe, engaged in financial and physical trading on major exchanges including Nord Pool, EPEX, CME, Nasdaq and ICE, as well as OTC.
Brady solutions cater for utilities, independent power producers, asset developers, asset optimisers, energy traders, oil & gas companies, commercial aggregators and hedge funds, helping to optimise trading performance, drive greater visibility and cost control across the trade life cycle.
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.
Naheed Manickavasagar, Marketing Manager
Phone: +44 (0)20 3301 1200
For more information on Brady’s SaaS PowerDesk solution, or to book a product demonstration click here.
Jon Anders Skau, Head of Communications
Phone +47 476 35 078