Zug, 16. October 2020: ChorusLink announced today that European Energy A/S has successfully migrated to the ChorusLink common trade repository.
Using ChorusLink will allow European Energy to:
- streamline the management of all transaction data from its trading operations
- lay a robust foundation for highly performant availability of trade data in a standardized format
- benefit from a centrally maintained repository of commonly used master data
- continuously increase back office automation as its counterparties also join ChorusLink
Jonas Nihøj, Director of Energy Trading & PPA at European Energy, said:
“The main reason for choosing ChorusLink and Previse Coral was to get the solution today which will be the market leader tomorrow, to ensure we have the scalability and performance we need.
As our current production portfolio of 3 TWh per year is set to grow tenfold over the next 5 years, we were faced with either scaling manual processes or investing for the future. We know that our needs today will be vastly different from tomorrow.
With the ChorusLink / Previse solution, we will be in a position to implement technological advancements on-the-go via the App Store, and we will have a competitive advantage in the years to come. Other aspects important to us are to retain ownership of our data and the possibility to easily change App providers, if required, with minimum efforts and costs.
Drawing on the experience of implementing several different ETRM systems, I know it is crucial to have the right partner for the journey and the Previse team have consistently delivered on time and budget. Therefore, I am confident that they will be an enabler for us in the years to come, when we embark on our ambitious growth journey.”
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 ChorusLink
ChorusLink AG is a Swiss software company introducing a new paradigm for trade data storage and management in European energy markets.
At ChorusLink, our purpose is to spearhead a change of paradigm for energy trading software. We think ongoing trends in energy markets and technology platforms one step further and follow the vision of a common platform for energy trading data. This conceptual quantum leap facilitates process efficiencies, optimises investment returns on IT spending and fosters future infrastructure adaptability on an unprecedented level.