Norway’s Volum has launched an automated trading tool for solar and wind operators covering most European energy markets. The Volume Position Closer is a subscription-based tool aimed at renewable energy producers, portfolio managers and municipal utilities.
Volue, a Norwegian energy and infrastructure technology company, has launched an automated position closing tool for contracts covering most European solar and wind energy markets.
The product, called Volue Position Closer, is accessible online through subscriptions and can be integrated into internal systems via application programming interfaces.
Typical users are renewable energy producers, portfolio managers and municipal utilities who want to trade hourly or 15-minute contracts but lack internal resources, or those who want to take on the task in-house from service providers.
Users can reportedly upload their intraday positions to the platform, which then monitors market prices and automatically manages positions via algorithms, closing open energy positions in real time.
“When it comes to solar energy, we understand that balancing supply and demand is a complex task. It is becoming increasingly important to be able to respond quickly to changes in the market, to trade closer to real time and to manage the risks associated with volatile real-time prices,” said Martin Teci, vice president of strategic growth at Volue. initiative, told pv magazine.
The software currently supports trading on Epex Spot, with more markets on the roadmap, according to the company. “Trades will be available in real time and we plan to offer reporting on the volume weighted average price, as well as the imbalance costs,” Teci said.
The user can see open or closed positions and performance can be tracked via the tool’s dashboard or to look deeper into the portfolio-level data. “Again, with solar in mind, instead of relying solely on static forecasts, users can make real-time adjustments and reduce the penalties imposed by the transmission system operator (TSO) when the grid is unbalanced,” said Teci.
Volue has more than 800 employees in 40 countries and serves customers in the energy, electricity grid, water and infrastructure sectors.
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