Latest Tech Brochure Release
Discover the Future of Energy Trading with Our Latest Tech Brochure Release
Dive into the innovative world of Previse Coral, where we redefine the architecture
of energy trading and take a leap into the future.
Why Previse Coral Stands Out
Previse Coral is a holistic solution crafted to meet the complex demands of today’s energy trading landscape. From natural gas to power and certificates, managing the full deal lifecycle has never been easier. Our cloud-native, SaaS-based platform offers unmatched flexibility and scalability, making it the go-to choice for trading companies of all sizes.
What’s Inside the Brochure?
Fast Time to Market: Discover how our technology is engineered for agility, allowing you to swiftly adapt to market changes and seize new opportunities with ease.
Centralized Data Management: Learn about our centralized approach to data management, which standardizes and simplifies the way you access and use market and trade data.
Continuous Innovation: With continuous release management, you get the latest features without the hassle of manual upgrades. Stay updated with the newest functionalities as they go live.
Security and Compliance: Our robust security framework ensures your data is protected with the latest in encryption, access controls, and compliance standards.
An insight into the Coral Ecosystem: The brochure outlines how the Coral Ecosystem expands your capabilities, allowing you to integrate custom features and extend your platform through a thriving marketplace of applications.
Beyond a Brochure – A Blueprint for Success
This brochure illustrates a partnership path where innovation meets execution. Previse Coral enables you to harness the power of real-time data processing and scalable solutions that adapt to market granularity down to one minute.
Whether you’re looking to upgrade your current system or integrate pioneering energy trading solutions, our brochure offers a clear view of how Previse Systems stands apart from the competition. It’s not just about managing trades; it’s about mastering them.
Explore the future of energy trading with us — empower your business with Previse Coral.
News from the Previse Systems Team
Introducing New Previse Team Members
At Previse Systems, our greatest asset is our team, and we are thrilled to introduce four new members who bring unique skills, experiences, and personalities to our rapidly growing family.
Get to know Mathias, Niklas, Thomas, and Victoria (see picture, left to right)—each bringing their own flair and expertise to help us continue our journey in the ETRM industry.
Mathias – Software Developer
Originally from Denmark, Mathias Svendsen is our tech enthusiast, driven by curiosity about everything from minute technical details to grand philosophical ideas. With experience at Norlys and a knack for control systems, Mathias has already begun making an impact by improving our development and documentation culture. Truly believing that Coral is the best ETRM system, he is particularly excited about making Coral even more developer-friendly, ensuring it remains one of the best. Having worked with Previse Systems before, Mathias was eager to join the team to see “how the pudding is made” and contribute to our growth.
As of today, he especially appreciates being in a company where people are moving at an insane pace. He finds it amazing how many functions Coral has, and more are still being added. Despite everyone being busy, he values that people still take the time for a quick chat and getting to know each other.
When he’s not immersed in coding, Mathias enjoys sustainable cooking, often turning Too-Good-To-Go groceries into delicious meals.
Niklas – Product Owner
Niklas Peters brings over 15 years of experience in the energy sector, having held various roles in Energy trading and optimizing diversified power plant portfolios, Subject Matter Expert to Product Owner. Known for his strategic foresight, Niklas excels in integrating technology to optimize portfolio performance and mitigate risks. At Previse, he aims to deliver unparalleled value to our clients and is particularly enthusiastic about his consultancy role. He looks forward to making a significant impact by adding the features he always wanted as a user himself.
Outside the office, Niklas is an avid runner, swimmer, and motor biker, with a unique talent for befriending dogs—even managing to charm a police dog at the airport! He enjoys creating rule-based algorithmic models for trading and often “borrows” dogs from his neighbours for jogging.
Thomas – Senior Consultant
Thomas Hostettler joins us with a robust background of over 15 years at BKW, where he played pivotal roles in back office and portfolio management. His crowning achievement was the successful implementation of Allegro after a decade of dedication. His passion for organizational development, coupled with his extensive experience, positions him as a key player in our mission to become the leading supplier of ETRM software. Thomas is looking forward to contributing to Previse’s growth and helping EWB with the final stage of the Coral implementation, conveniently located just a short bike ride from his home.
Outside of work, Thomas loves hiking, cooking gourmet meals, and photography, although he admits to never editing his photos.
Victoria – Senior Project Manager
Victoria Woods, originally from Manchester, has spent the last five years in Zurich working on diverse IT projects. Attracted to the dynamic and fun team at Previse, she is eager to dive into the energy sector and bring best practices to our implementations. Victoria’s background in IT, combined with her enthusiasm for learning, makes her a valuable addition to our team. She is excited to explore the new industry and hopes to make the implementations as fun as possible.
Coming from Manchester, a city obsessed with music, Victoria has a true passion for live music, and she is always on the lookout for live performances in Zurich.
Welcome!
We are eager to see the unique contributions Thomas, Mathias, Niklas, and Victoria will bring to Previse Systems. Their diverse backgrounds and shared passion for innovation and purpose perfectly align with our values. Welcome to the team everyone!
Syneco Trading GmbH selects Previse Systems’ ETRM platform
Zug/Munich, 23 May 2024
Syneco Trading GmbH, a municipal energy procurement company based in Munich, has chosen Previse Systems as the supplier of its new Energy Trading and Risk Management (ETRM) solution.
The decision to replace the existing ETRM application with a new one was mainly motivated by the changing requirements in short-term electricity trading and the increasing importance of renewable energies. In particular, the high system performance required due to increasing trading volumes and the introduction of various new green products and associated marketing strategies were decisive factors. By choosing Previse Coral, Syneco has opted for a future-proof ETRM platform based on a modern technology stack.
Previse Coral is an ETRM system based on an advanced, cloud-native architecture that promises outstanding performance and scalability. As a true software-as-a-service solution, Previse Coral takes care of hosting the infrastructure, technical operations and ensures the continuous implementation of incremental updates. This eliminates the need for large and costly release updates. In addition, the master data-as-a-service approach promises faster implementation of the system and significantly reduces the effort required to migrate static data. In addition, missing functionality can be easily integrated via Apps that communicate with Coral independently and encapsulated from the core system via the holistic REST API framework. This avoids adjustments to the core system and the associated disadvantages of traditional customising.
“Previse impressed us with its professional appearance during our selection process and was able to assert itself against established competitors on the ETRM market.” said Karoline Stich, CIO at Syneco Trading GmbH. “The technical architecture of Coral promises high scalability, availability and performance. We are looking forward to modernising our system landscape with Previse Coral as an important component and making it future proof for the requirements of short-term trading and green energies.”
“We are thrilled that Syneco has chosen Previse Coral as their future energy trading solution,” said Asbjørn Hansen, CEO of Previse Systems. “As a customer of strategic importance for us in the German market, Syneco’s decision highlights the necessity of modern technology in today’s energy trading. We are confident that our ETRM platform will provide Syneco with the core trading IT they need to achieve the performance and flexibility that their business demands.”
About Syneco Trading GmbH
Syneco is a leading municipal energy procurement company. As the energy market changes, we are evolving from a trading company into a provider of services for all stages of the energy procurement process. Our offering covers all relevant services for energy procurement at municipal energy supply companies. These include market access, market information and energy logistics as well as portfolio and risk management.
We are a Plus Company of Thüga Aktiengesellschaft. With the Plus companies, the Thüga Group endeavours to efficiently combine various services in the Thüga network.
The aim of Syneco is to save costs through bundling and automation. This is achieved through long-term partnership at eye level. We ensure low procurement costs with the highest quality in all processes. In close cooperation with our partners, we develop solutions for individual requirements, focussing on flexibility, speed and, above all, trust. For a forward-looking, cost-effective and environmentally friendly energy supply.
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.
Intern Insights: The Previse Experience
Interns at Previse: Where Creativity and Fresh Perspectives Thrive
Picture this: a place where nighttime mountain runs are a standard team building exercise, and being greeted with a river float on a plastic pineapple is the norm.
Welcome to Previse Systems—a world where interns are far from mere coffee fetchers. They’re a vital part of transforming the energy sector, bringing fresh energy and creativity to the team.
Let’s dive into the world of our interns: Mariia, Elina and Mart in Product Management and Linda in Marketing
Mart, who came to Previse from supporting chefs and early IT jobs, brings a special blend of expertise to Previse as a Business Information Technology graduate. What Mart didn’t expect at this early stage was to have such direct contact with customers. For him, this is proof of Previse’s hands-on learning environment. Currently, Mart is deeply involved in the development of the roadmap tool. “Clients can vote for features and collaborate with us to ensure a customer-driven focus for the development of Coral. It’s one of my favorite projects so far!” Beyond his involvement in product management, Mart’s thirst for adventure led him to join the Previse Night Run during the annual offsite week in the mountains of Valais. He sees this as clear evidence of Previse’s dynamic and collaborative spirit.
Linda, who is studying Business Administration in St. Gallen, adds a spark of marketing magic to Previse. At the start of her internship, which she began during an exchange in Lisbon, she dived into tasks ranging from helping with the App store-setup to crafting the “Energy Trading Club” platform. Finding herself among 25’000 participants at E-World, one of the largest energy fairs, was a memorable highlight. Yet Linda says, for her it’s the warm welcome at the summer party – floating down the river on a plastic pineapple – that perfectly demonstrates the blend of fun and professionalism at Previse.
Then there is Mariia, who comes from the field of computer science at ETH. She shared that before her time at Previse, the thought of contributing to the development of new APIs was beyond her wildest dreams. But here she is, mixing AI and data management with creative brainstorming sessions. Her favorite moment? Designing Previse-themed Halloween costumes with Florence. Imagine the possibilities – a human-sized interactive dashboard anyone?
Elina, who studies electrical engineering and IT at ETH Zurich, expressed that at Previse, she found the perfect opportunity to fulfill her aspiration of merging business with technology. Not only has she been grateful to learn a great deal about product ownership, but to work in an environment of understanding, collaboration, and relentless forward thinking on a daily basis.
Between API brainstorming, transforming product ownership, customer meetings, and unforgettable social events, it’s clear that Previse isn’t just about work. It’s about creating a space where young talents like Mariia, Elina, Mart, and Linda can thrive, bringing their unique backgrounds and skills to the forefront.
Previse Coral’s new Quantity Index Management
Introducing Previse Coral’s new Quantity Index Management
The Drag of Slow Trade Handling due to Quantity Uploads …
In the past, addressing the integration of trades and quantities was a challenge, often resembling a complex puzzle.
Now envision a future where trade and quantity management operate seamlessly, thus allowing for a more efficient and streamlined process:
Introducing Previse Coral’s new Quantity Index Management
The usability of pre-uploading your indices or shapes is now better than ever. The simplicity of referencing them on the trade allows the associated components to retrieve the quantity information directly and easily. Central to this evolution is an independent, upgraded object within the system, simplifying the storage of quantity time series data across diverse granularities.
The true innovation lies in the seamless linking of different indexes with different granularities. This not only reduces storage requirements but also enhances trading performance.
When customers request data, it can be provided at the granularity they prefer, offering flexibility in data presentation.
Data visualization takes centre stage. Detailed charts provide a intuitive overview of plans, forecasts, and actual production. Custom formulas give you the flexibility to customise your data as needed. Operations such as the addition of curves, multiplication by a fixed value or other calculations are made easy.
Quantity Index functionality has also been improved for the integration of end-of-day and real-time position reporting. Here, users can see both position-related quantities as well as standalone quantity index shapes. So, that means if there are changes in any of the quantity index shapes or formulas related to these shapes, reporting will show that.
Previse Coral’s Quantity Index is more than a mere functional enhancement: it’s a transformative tool that untangles complexities and inefficiencies. If you operate in the power and natural gas sector, you may come to see it as a game-changer.
ane.energy & Previse Systems 2023
ane.energy & Previse Systems look back at twelve months of successful cooperation!
A modern approach to energy trading
As a modern and very technology-savvy energy company, it was clear to ane.energy right from the start what the foundations of successful energy trading are – immediate availability of all data in assured quality and an automated flow of the same, integrated across all software systems used.
Modern software architecture, comprehensive functionality and efficient interfaces are some of the key reasons why ane.energy opted for the ETRM solution from Previse Systems.
Innovative software solution
Thanks to the data quality and automated processes in and with Previse Coral, ane.energy is now able to handle high-volume automated trading activities with ease. Another key strength of Previse Coral also benefits ane.energy here: the handling of renewable energies in energy trading, a particular strength of Previse Systems’ software. Ralf Höper, Managing Director of ane.energy, emphasises:
“The collaboration with Previse confirms our conviction that strategic partnerships promote growth and innovation. The decision to rely on ETRM Coral, which specialises in renewable energies, fits in perfectly with our technology-driven approach. This is already reflected in significant improvements in risk management.”
The beginning …
ane.energy began the implementation of Previse Coral with the migration of a large number of PPAs. With these types of instruments, functionality like cascading time series (daily, monthly, quarterly …) in conjunction with the “best available value” approach makes it a lot easier for traders to conduct their daily business – they enable efficient forecasts and precise market valuation. The continuous monitoring of capture costs and volume exposures in addition significantly reduces risks. Exposure risks can be recognised in real time and deal values can be mapped immediately.
… and the next steps
ane.energy will continue to expand the use of Previse Coral in the coming months, e.g. with the systemic integration of the many deals from short-term trading. In future, this will increase the number of transactions processed daily into the thousands.
Cooperation as the key to success
The ane.energy team emphasises its satisfaction with the decision not to go with a big player. The close contact with the Previse team, quick feedback loops and the ability to influence the development of the software in the right places in a timely manner made this “journey” much easier.
“Previse Systems’ flexible adaptation to our needs and the immediate updating of their roadmap have saved us many headaches. We really appreciate the fast dialogue and cooperation at eye level.” – Nils Hoffmann, Project Manager ane.energy
Foto: Verena Reinke
From left to right: Thomas Breitenstein, Moritz Saive-Pinkall, Tomas Gustavsson, Björn Lämmerzahl, Ralf Höper, Leif Hansen, Nils Hoffmann (missing on the picture: Marcel Willert)
Energetech chooses Previse Systems as its new Energy Trading Platform
Previse Systems announced today that Energetech Trading DMCC, headquartered in Dubai, a fast-expanding energy trading house active on European gas, power and emissions markets, has contracted Previse Systems to supply the firm’s new energy trading solution.
Founded in 2020, Energetech started operations with power and gas spot trading. As the company’s activities and geographical presence expanded, it quickly became evident that a flexible and modern ETRM software was required.
Having thoroughly tested Previse Coral in a Proof-of-Concept (PoC) in Q1 and Q2, Energetech was convinced that it was the right choice for them – an important driver for this decision was the modern technology stack, its scalability and flexibility to easily expand the solution via the App Framework.
Previse Coral will initially be deployed to manage Energetech’s short term UK power trading – which has almost completely been delivered already as part of the PoC. In subsequent steps, a swift expansion into other European power and gas markets is planned.
Lead Consult will contribute multiple interfaces, among them trade import connectors to Trayport, ETPA, Prisma and JAO.
Guido La Rosa , Middle Office Lead at Energetech, said: “We’re proud to partner with Previse Systems and their exceptional team, driving energy trading transformation. Their advanced system technology empowers effortless customization in shaping our post-execution trading activities. From complex task fulfilment to streamlined energy workflows, Previse Systems enhances efficiency and unlocks new market opportunities.”
Joel Bellot, Engineering Lead at Energetech, said: “Previse Systems’ SaaS solution impressed us with the use of modern serverless technology. Their support was fast, and the platform is highly extensible. With cutting-edge tech integrated, Previse Systems is the company to watch in the energy space.”
Asbjørn Hansen, CEO at Previse Systems, said: “We are very proud to welcome our first customer from the Middle East!
During the PoC, we have had the chance to collaborate intensively with Energetech’s team, and we are impressed by their diligence, their competence, and of course their … energy! 😊 – for example, Energetech have already developed their first own App to take care of a specific automation requirement! We are confident that our App Framework with provide robust tools for Energetech to drive real-time operations and decision making.
We look forward to support and facilitate Energetech’s growth journey into new energy markets.”
About Energetech
We operate across borders in an ever-changing market, continually thinking on our feet. By using smart technology, we can predict and act on market volatility in a way that challenges traditional energy trading practices, through forecasting opportunities and creating risk mitigating, robust, high value strategies.
The strategies and technology we deploy to make the best deals out there are deeply complex and require a stellar team, with expertise in a broad range of disciplines. Our employees make up the Energetech family, where the best talent from around the world come together to provide world-class energy trading. However, what binds us together is one very simple purpose: to reinvent the way energy flows through global markets. That’s why our greatest asset is our people.
Mobilizing the energy market is a responsibility we don’t take lightly. It’s our raison d’être. At Energetech, we’re committed to trading energy in a way that keeps energy supplies secure, affordable and carbon-efficient.
About Lead Consult
LEAD Consult is a dynamic, customer-oriented company, specialized in providing software solutions as well as business and IT consulting services in the energy and financial sectors. Our deep industry knowledge together with excellent skills in management consulting, technology and innovation allows us to challenge the conventional thinking and deliver exceptional results that have a lasting impact on businesses and companies worldwide.
For more information, visit https://www.leadconsult.eu/.
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.
Ørsted selects Previse Systems to supply new Energy Trading Management System
Previse Systems announced today that Ørsted has selected Previse Systems as the supplier of its new Energy Trading Management (ETM) system.
Ørsted was looking for a cloud-based Software-as-a-Service (SaaS) solution – a highly standardized system to replace the core deal capture and deal lifecycle capabilities of the legacy on-premise ETRM solution. Ørsted was seeking an ETM solution with speedy time-to-market for standard products. It was key for Ørsted that the selected solution would be both lightweight and highly interoperable with Ørsted’s business and IT landscape.
As Ørsted’s new ETM solution, Previse Coral will be utilized for deal capture, deal-lifecycle workflow and back-office processes for gas and power trading supporting a high degree of automation. While power and gas are the primary traded commodities, Ørsted also intends to use the system for the hedging of various metals and fuels within Ørsted’s business.
The scope of the implementation of Previse Coral will cover Ørsted’s main trading activities in the United Kingdom, the Netherlands, Germany and Denmark, as well as in some adjacent markets. Besides standard instruments, the solution may be expanded to also cover PPA structures, swing contracts, storages and options.
In the delivery of Ørsted’s Future ETM, Previse Systems will collaborate closely with partners such as Lead Consult, who will supply several elements of the overall solution as Apps and also add expertise to the implementation team.
Asbjørn Hansen, Managing Director at Previse Systems, said:
“We are extremely excited to sign up one of the world’s most significant players in renewable energy! Bringing on yet another large energy trading company onto our platform underlines the strength of our product, our technology and our concepts, driven by the competence and dedication of our team and our partners.
We see Ørsted as a global leader in renewable energy. We believe that our expanding partnership will further strengthen our platform and our capabilities in the support of renewable power traders, as well as companies with complex cross-commodity portfolios.
We look forward to supporting Ørsted on their journey from their old on-premise legacy solution to a fully cloud-based and automated ETRM platform designed for the future.”
About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate Change A List as a global leader on climate action and was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi). Headquartered in Denmark, Ørsted employs approx. 8,000 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2022, the group’s revenue was DKK 132.3 billion (EUR 17.8 billion).
About Lead Consult
LEAD Consult is a dynamic, customer-oriented company, specialized in providing software solutions as well as business and IT consulting services in the energy and financial sectors. Our deep industry knowledge together with excellent skills in management consulting, technology and innovation allows us to challenge the conventional thinking and deliver exceptional results that have a lasting impact on businesses and companies worldwide.
For more information, visit https://www.leadconsult.eu/.
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.
Nexus Energía selects Previse Systems’ ETRM Solution
Previse Systems is pleased to announce that Nexus Energía, a key player in the Spanish renewable energy market, has selected Previse Coral as their new ETRM platform.
With an impressive track record of building a successful trading operation, Nexus Energía needed a robust IT infrastructure to support the future growth envisioned, and also support its ambitions in the area of trading renewable energy. After a thorough look at the ETRM market, Nexus Energía’s saw its requirements and expectations fulfilled by the Previse Coral platform – and subsequently validated this in an in-depth Proof of Concept.
The main decision factors in favour of Previse Systems included the capability to implement easily and fast, the fast time to market for future areas of expansion, as well as the market understanding and competence of the vendor.
Previse Coral will be deployed at Nexus Energía to manage trading operations in European Union Allowances (EUAs), Power (incl. PPAs), Natural Gas and Guarantees of Origin (GoOs).
“During the intensive collaboration with the Previse Systems team during the Proof of Concept, we were convinced both by the software’s functional scope and coverage as well as the advantages that the applied technology stack offers,” said César Rodríguez Llorca, corporate director of energy management at Nexus Energía, “we are confident that this is the right solution for Nexus Energía to drive future growth, with the ability to adapt and expand the system fast and efficiently.”
“We are thrilled that Nexus Energía has chosen Previse Systems to deliver its new ETRM solution,” said Asbjørn Hansen, CEO of Previse Systems, “we see this as a further validation of our concepts and the importance of the innovations our modern technology stack brings to the ETRM industry. Also, our first Spanish customer is an important milestone for us, and we are looking forward to reconnecting with our network in Spain and to expanding the Previse Systems footprint on the Iberian Peninsula.”
The scope of the implementation includes price import interfaces from EEX, ICE, OMIP and MEFF, as well as a Trayport trade import interface by Previse Systems’ partner LEAD Consult.
Minsait, a leading consulting and system integration company in the energy and utilities sector, will provide project management support to Nexus Energía.
About Nexus Energía
Nexus Energía is a leading group in the commercialization of electricity and natural gas, representing producers in the market with international presence in Portugal and Mexico. Founded in 2000 by a dozen local companies from all over Spain with a long tradition in electricity distribution, the company supplies electricity and natural gas to more than 21,000 business supply points and more than 39,100 domestic supply points. With a team of more than 200 employees, Grupo Nexus Energía manages 16 TWh and had a turnover of more than 2,000 million euros in the last financial year.
The company was a pioneer in promoting green energy and today is a leader in the representation of renewable energy producers, with more than 18,100 plants represented. The company is committed to promoting energy sustainability and involving its customers in the change towards a new energy model, promoting the consumption of renewable energies and self-consumption. Grupo Nexus Energía works to bring energy to people and companies easily and empower them to make a conscious and efficient consumption.
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.
Energie Wasser Bern selects Previse Systems’ ETRM platform
Energie Wasser Bern (“ewb”), the city utility of the Swiss capital Bern, has chosen the Previse Coral ETRM platform to support its ambitions in the field of energy trading!
Faced by the profound change the energy sector has been undergoing for years, ewb recognised the central role played by technology in exploiting opportunities and managing risks. When embarking on the process to select a new core ETRM solution, the main aim was to put a tool in place that would allow to flexibly adapt to constantly changing market conditions and related requirements arising from the business. High standards of performance, IT security and user-friendliness were expected to be met, and equally easy integration into the existing energy trading system landscape.
As a result of a thorough evaluation, ewb established that Previse Coral performed significantly better than other products with regards to functional and technical system criteria, as well as capabilities of adaptation to current requirements as well as co-development in areas important to ewb. Also, the software was convincing in terms of user-friendliness.
Previse Coral will be deployed at ewb to comprehensively manage trading operations in electricity, natural gas, renewables and CO2 emissions. The scope of the implementation includes contributions by Previse Systems’ partners: e·Flow, the nomination and scheduling tool e·Opt Solutions, multiple interfaces delivered by Lead Consult and an automatic balancing App from Sparkspire.
”With Previse Coral, we see great potential to improve our processes in energy trading and portfolio management”, said Marc Maurer, application manager at ewb. “We are convinced that it is the modern software architecture and openness of the platform will greatly contribute to making our system landscape future-proof .”
“At Previse Systems, we are very excited about having been chosen by Energie Wasser Bern”, Marc Zumstein, head of sales at Previse Systems, said.
“It underlines the advantages our technology offers in today’s energy trading – adaptability and performance, together with easy connectivity and a high degree of intuitive usability. We are equally thrilled about welcoming our first customer in Switzerland, our “home” jurisdiction.
We look forward to the collaboration and a successful long-term partnership to support the continuing success of ewb!”
About Energie Wasser Bern
Energie Wasser Bern is the electricity, water, natural gas, waste recycling and heat supply company of the city of Bern in Switzerland. The activities of ewb mainly include the areas of electricity supply, water supply, natural gas supply, district heating supply, offers in the field of mobility (driving with natural gas and electromobility), the construction of the Bern fiber optic network and waste recycling.
As an electricity supplier, ewb supplies 70’000 private households in the city of Bern as well as 8’000 small and medium-sized companies and 100 large customers in the area of Bern with a total of about 1’000 GWh of electricity per year. Of a total of about 1’500 GWh of electricity generation from own assets and attributed from co-owned assets, 60% originate from renewable sources.
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.