Christine Clemons joins Previse Systems as Product and Markets Specialist

Previse Systems is very pleased to announce that Christine Clemons has joined our team as Product and Markets Specialist.

Christine brings a wealth of experience in consulting and implementing energy software to Previse Systems. With her extensive knowledge of gas and power markets combined with her solid understanding of the underlying challenges energy companies face day-to-day, her market expertise is a valuable addition to our customer delivery team.

It’s great to have you on board Christine!

Christine: Thanks, I’m super excited to be joining the [dream] team!

Q – What is special about Previse Systems?

A – Previse Systems has truly set itself apart from the rest. It has taken what are the downfalls and challenges of other vendors in the space and has realized them into tangible, competitive advantages. Instead of being a heavy, clunky piece of software – it is light, agile, fast, and super user-friendly. Its seamless front-end design and real-time position visualisation genuinely makes the system fun to use! Efficiencies never seen before in the space are introduced through the use of a common trade repository, predefined standard market data, and nimble development built on top of cloud-based infrastructure which is optimized for high performance. The bottom line – its cutting-edge technology rethinks the way ETRM software can and should be used.

Aside from the software itself, its team have an unparalleled passion for what it does, and this really shines through in its people and the product – this, to me, is incomparable to anywhere else in the space.


What do you see as the main challenges for energy trading companies in the coming years?

Not only are these challenges of the future, but they are also extremely current. Given the nature of the industry, energy trading companies are finding it harder than ever to stay current and keep up with advancing technologies and the innovations being made in trading industries. There are few obvious reasons for this, one being that apart from the expensive initial investment into an ETRM software, also the implementation and support costs are often even more expensive and usually takes years.

In addition to this, a lot of effort is sunk into defining standard market data and building market data interfaces, as well as to keep compliant with regulatory reporting requirements, etc. This is done by each company individually over and over again, burning valuable resources and time which could be better directed elsewhere. After all this time and money has been spent to realize benefits identified years ago, the market could very well have evolved since then and the benefits could no longer be as relevant.


How can Previse Systems support companies with these challenges?

Previse enables energy companies to become leaders of innovation in the energy space, while realizing benefits in a faster and more efficient way than ever before. By cutting standard implementation time down from years to months, initial implementation costs and general overhead to support the system are significantly reduced. Subsequently, reduced implementation time and costs better positions energy companies to address and keep up with evolving markets.

With the use of the ChorusLink common trade repository, a market-facing trade is captured only once as a single data object, allowing for the automatic confirmation of a deal inherently with both market-facing parties. Additionally, as standard market data is already predefined in ChorusLink, time and effort are saved by each company having to define and build market data interfaces themselves. This uniquely positions ChorusLink as the energy industry’s central backbone for master data.

Swift implementation, together with the benefits of a centralised data repository and the distributed development option of the Coral Ecosystem, ensure the fastest possible time to market for any innovations or response to changing requirements.

European Energy Goes Live on Previse Coral

Zug, 10. March 2021: Previse Systems announced today that the initial implementation of Previse Coral at European Energy A/S has been successfully completed.

Building on the ChorusLink Common Trade Repository, European Energy benefits from Previse Coral’s unique features supporting modern renewable energy markets to manage its portfolio of Power Purchase Agreements (PPA), electricity and certificate trades.


The scope of Previse Coral includes:

  • Trade capture for PPAs, guarantees of origin (GoO) and power trades
  • Automated market price import using a Connector App supplied by Lead Consult
  • Market price management, including an Extrapolation App to extend market curves beyond their published validity
  • A Price Formula Builder App to build custom price formulas for trade or market prices
  • Position management, valuation and reporting – including calculation of mark to market (MtM), profit and loss, MtM over time etc., with reports visualization in embedded Microsoft Power BI
  • A fully automated end-of-day process

About European Energy

Copenhagen-based European Energy constructs wind and solar farms to build solutions to climate change. European Energy has constructed more than 1.5 GW of renewable energy capacity since it was founded in 2004. European Energy is currently developing and constructing parks in Europe, Australia and America.


About Previse Systems

At Previse Systems, we fundamentally reshape the way Energy Trading and Risk Management (ETRM) software is designed, implemented and operated. We offer a highly performant SaaS solution for European electricity, natural gas and certificates trading – combining modern software architecture with the latest available tools and technology.

As a conceptual innovation, we build on the notion of “community”, with an infrastructure for energy companies to leverage synergies through collaboration in the IT domain. The goal of this is simple: better software, faster and at lower cost. We create software without any legacy burden. Our data structure follows accepted market standards, which drives easy and fast data migrations, and is also a core factor of strong system performance.

With Previse Systems, energy companies are well equipped to master the challenges of a fast-evolving environment.

Jonas Nihøj, Director of Energy Trading & PPA at European Energy, said:

“We are very impressed with the speed of implementation and the innovative solution provided.

Previse Coral has automated the management of our European power portfolio, guarantees of origin sales and PPAs (Power Purchase Agreements), where in many cases there is a very complex logic that needs to be controlled.

The system is a true enabler for us when servicing our clients with clean energy and thereby contributing to the Green Transition.”

Asbjørn Hansen, Managing Director at Previse Systems, said:

“It is great to have our first customer live on Previse Coral and see all of the hard work we have put into our software pay off. By providing European Energy with a fully automated end of day process with a daily recalculation of critical KPIs, we support the digitalization of their business and enable them to make better trading decisions.

Besides all that it is always a pleasure to work with the European Energy team and we are looking forward to continuing to add more functionality and help European Energy expand their activities into more countries and territories as part of their impressive growth journey.”