GETEC, a leading European energy specialist for reliable, decarbonized energy and infrastructure solutions, has selected Previse Systems for its new Energy Trading and Risk Management (ETRM) solution.  

The requirement for a centralised ETRM system arose from GETEC’s strategic vision to streamline energy procurement and trading processes at group holding level, covering key services such as access to energy markets, market intelligence, energy logistics, portfolio and risk management, while ensuring compliance with various local regulations. This initiative aims to improve operational efficiency, strengthen risk management and enhance GETEC’s ability to quickly adapt to changing market demands. 

The selection of Previse Systems is in line with GETEC’s mission to  

empower its customers’ success by staying at forefront of innovation, delivering operational excellence and market responsiveness. The new ETRM will unify GETEC’s energy procurement operations across its platforms in Germany, Italy, Switzerland, Poland, Austria, and the Benelux region to delivering sustainable energy solutions. 

A phased implementation strategy will ensure that GETEC achieves rapid results, starting with a pilot in Switzerland and then extending to the other platforms. 

Key factors influencing GETEC’s choice include: 

Scalability and Performance: 

  • Previse Coral’s cloud-native architecture ensures exceptional scalability to meet the diverse needs of GETEC’s IT landscape and data flows. 

Seamless Integration and Enhanced Operational Efficiency: 

  • Previse Coral offers strong integration capabilities through its comprehensive REST API framework. Its modular design allows for efficient adaptability to changing market and regulatory requirements. The software seamlessly interfaces with forecasting tools, pricing platforms, scheduling/nomination systems as well as accounting software, ensuring smooth data flow across GETEC’s operations. 

Simplified Implementation and Maintenance: 

  • Previse’s Master Data-as-a-Service approach accelerates deployment and reduces the complexity of migrating legacy data. Its incremental update model eliminates costly system overhauls, ensuring that GETEC always operates on the latest platform version without interruptions. 

“In response to the evolving energy transition, the growing importance of renewable energy and the emergence of new green products, we selected Previse as our partner to centralise our energy procurement operations at the group holding level. Flexibility, scalability and adaptability were key factors in our decision, ensuring short-term optimisation of our asset base and cost savings through bundling and automation. With Previse Coral’s modern technical architecture, GETEC has chosen a future-proof energy trading and risk management solution to support our vision for a sustainable energy future”, said Wolfgang Stuffer, Head of Commodity Strategy and Fuel Procurement, GETEC.

“We are excited and proud to get the privilege of working with the team at GETEC to help facilitate their digital transformation.” Asbjørn Hansen, CEO of Previse Systems, stated, “Together we will ensure that GETEC can utilize our technology to innovate their trading landscape and provide the necessary handling for the ever-changing market where renewable energy plays a bigger and bigger part. We are looking forward to getting the first office onboarded and subsequently roll out our software to the other locations ensuring a streamlined front-to-back trading process for our new family members at GETEC.” 

About GETEC

GETEC is Europe’s leading expert in reliable, decarbonised energy and infrastructure solutions. With a team of over 3,000 professionals in more than 70 locations, GETEC combines engineering, regulatory and sustainability expertise to guide its industrial and real estate customers through the complexities of the modern energy landscape, while helping them significantly reduce their carbon footprint. Managing a portfolio of over 12,000 plants, GETEC offers a comprehensive range of decarbonised technologies.  

Through its regional platforms, GETEC develops, finances, and operates essential energy infrastructure across Europe. Its mission is clear: to enable its customers’ success by providing reliable, sustainable energy and infrastructure solutions for today’s industries and tomorrow’s world. 

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.