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.
ane.energy selects Previse Systems’ ETRM platform
The energy trading company ane.energy, based in northern Germany, has chosen the Previse Coral ETRM platform as the core application to support trading activities and ensure robust infrastructure scalability for future growth.
ane.energy – the only direct marketer of German wind power entirely owned by electricity producers – is renowned for its out-of-the-box thinking, innovative product ideas and high affinity for efficient digitalisation.
Previse Coral will be initially deployed to comprehensively manage ane.energy’s portfolio of long-term power purchase agreement (PPAs). In a next step, the plan is also to migrate short-term power trading as well as the guarantees of origin (GoO) portfolio into the system.
ane.energy sees the open App Framework / SDK as an important differentiator that will facilitate the swift deployment of proprietary functional elements – in a first step, it is planned to adjust existing interfaces as connectors to Previse Coral in the form of Apps.
”The last two years we have seen a rapidly growing demand of our green long and mid-term PPAs, both physical and financial, in the market”, said Ralf Höper, managing director at ane.energy. “Hence, we decided to establish an ETRM system that fulfils our ambitious needs in managing the embedded risks and gain additional portfolio value from actively optimising the dynamic hedging-positions.
We are confident that the Previse Coral tech stack in combination with the flexible infrastructure is the best fundament to support our future activities.”
“I am very proud of another innovative and technology-driven company with a strong focus on renewable energy choosing Previse Systems”, Asbjørn Hansen, Managing Director at Previse Systems, said.
“The ane.energy team has an agile and dynamic mindset very similar to our own, and I am sure our partnership will help facilitate the green energy transition. Being able to accurately model renewable assets, manage GoO and PPA contracts and at the same time provide scalable solutions for high frequency trading are all key elements for ane.energy – and core competencies of our software.
We look forward to the collaboration and to becoming a supporting element for the continuing success of ane.energy!”
About ane.energy
A network for renewables – free, independent and really green – that was the founding idea of ane.energy. We have made plant operators shareholders and have integrated wind, photovoltaics and biomass from all over Germany into our portfolio. This made us the last independent direct marketer.
We have remained true to our founding idea – independent and green. We are committed to the marketability of renewable energies and think out of the box. This makes us innovative, fast and digital – without neglecting coffee together or having fun at work.
We like to cooperate: with shareholders, operators and in projects with small companies as well as with the top dogs in the industry. We keep the goal in mind: efficient, sustainable energy production and marketing.
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.
Taking Efficiency in Energy Trading to the Next Level – Norlys Energy Trading 🇩🇰
A Strong Validation of the Ecosystem Concept
In May 2021, Previse Systems and Fidectus have embarked on a partnership to connect Previse Coral with Fidectus’ GEN platform. The goal of course was and is to enable seamless post trade processing and full back-office automation, including electronic Confirmation (eCM) and Settlement Management (eSM).
The pilot customer, Norlys Energy Trading A/S, is very satisfied with the combined solution:
“The collaboration of Previse Systems and Fidectus and their plug-and-play integration allow us to have ETRM and eCM/eSM centralised in one solution, enabling full trade lifecycle automation in one unified workflow”, says Michelle Rønne, Head of Back Office at Norlys Energy Trading.
For Previse Systems, the collaboration with Fidectus represents a strong validation of the Ecosystem concept – the combination of best-of-breed platforms and specialised applications using modern technology and communication standards.
A Previse Systems Success Story – Norlys Energy Trading 🇩🇰
Michelle Rønne, Head of Back Office at Norlys Energy Trading, talks about how Previse Systems make her life easier
“Previse Systems rethink the way ETRM software is designed – they have built a software that actually supports today’s trading patterns” says Michelle Rønne, Head of Back Office at Norlys Energy Trading A/S.
“We have worked with other solutions in the past and those solutions are not geared to handle the number of trades we are doing today. Today’s solutions need to be designed for many small trades rather than a few big ones.
The Previse Coral solution is very data and event driven, so rather than spending human resources clicking around the system, the solution automates processes and allows us to only focus on exceptions.”
Michelle, thank you very much for taking the time to share some of your impressions and experiences with the Previse Coral software with us, and with other prospective customers of Previse Systems!
Michelle: I have already mentioned performance and automation. A further important point to note is definitely the flexibility of the solution, especially around defining workflows: we are able to configure the system around our processes instead of being limited to follow processes defined by the system. Previse Coral is incredibly generic here, it allows to fine-tune the workflows exactly as we need them, e.g. with features like the transition process and the partial locking of trades.
Can you elaborate a bit on that?
Historically my experience is that we end up spending a lot of time changing the tradebook or strategy on the trade. With the Previse partial locking we can decide exactly what back office needs to have locked for controlling and what is open for front office to change.
Does that also extend to settlement processes?
Well, Previse Coral is designed with a settle date and a clearing date which allows us to model all the special rules from the clearing houses along with the exchanges. We know when the trade can be controlled based on when it will be cleared. This allows us to automate those processes.
We all know how difficult it can be to ensure that all trades that need to be controlled and settled on a given day are handled, because of all of the special rules given by the clearing houses and exchanges. So instead of setting up a very complex filter or query (which is impossible to maintain) we can simply select by yesterday’s clearing and settle date and this gives us the definitive list of items to be processed.
Has event driven settlement automation supported you in optimizing your processes?
Yes, absolutely. Since settlement is the final process of the trade, the numbers are always affected by the data upstream and it happens that some of that data might be captured incorrectly. For example, the clearing broker could have a mistake on their side for the settlement date or a manually captured trade could be wrong. In such cases, we just correct the data on the trade and the settlement event engine triggers a re-settlement of the trade automatically – we can then just flip over to the Settlement screen after editing the trade, and the data is already updated and ready for settlement.
It’s amazing not to have to run a batch process or similar! You can just process the data much quicker than in other solutions I have worked with.
Previse Systems Kicks Off ETRM Educational Mini-Series
Today the first episode of the new educational series by the Insider’s Guide to Energy was released!
Listen in to Previse Systems’ Asbjørn Bjarke Hansen talk about current trends in the energy markets and the competitive edge of the right technology in today’s energy trading environment.
- What are the main benefits of SaaS and built-for-cloud in this context?
- How can an ecosystem create value, and how is the Coral Ecosystem structured and operated?
- Why is high system performance a crucial driver in using an ETRM in today’s markets, and how does Previse Systems achieve its ambitious goals in this area?
This, and much more, in today’s first edition of the ETRM mini series! Alternatively, watch the video on Youtube (yes – that is a bottle of Grappa behind Asbjørn … 🙈).
Many thanks to our partners Fidectus and FORRS for making this happen!
Ørsted selects Previse Coral and ChorusLink for Day-Ahead and Intraday Power Trading
Zug, 9 December 2021: Previse Systems announced today that Ørsted has selected Previse Coral and ChorusLink for their day-ahead and intraday power trading operations in Denmark.
The solution will deliver full process automation: direct trade import from Nordpool, calculation of fees, settlement, fee and settlement matching against Nordpool, as well as an interface to SAP. Additionally, the solution will generate the REMIT reporting file and submit it via Equias to ACER.
Previse Systems’ partner Lead Consult will supply several elements of the overall solutions as Apps – namely the interface to Nordpool, settlement and fee matching, and the export of the REMIT file to Equias.
Asbjørn Hansen, Managing Director at Previse Systems, said:
“We are extremely excited about signing up one of the world most significant players in renewable energy and adding them to our customer portfolio. Bringing on yet another large energy trading company onto our platform just re-emphasizes the strength of our product, our team and our partners.
Working with Ørsted during the Proof-of-Concept over the past months to show the direct value of our solution has been a privilege. We are looking forward to supporting Ørsted on their journey from old on-premise legacy solutions 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, and bioenergy plants, and provides energy products to its customers. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights’ 2021 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,672 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2020, the group’s revenue was DKK 52.6 billion (EUR 7.1 billion).
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.
About Lead Consult
LEAD Consult is a dynamic, customer-oriented company, specialised 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/.
Fidectus and Previse Systems Enter Strategic Partnership
Zürich, Zug, September 20th, 2021 – Fidectus and Previse Systems today announced a strategic partnership to add Fidectus’ post trade processing capabilities to Previse Systems’ Coral Ecosystem.
This strategic partnership enables EFET´s electronic Settlement Matching (eSM) and electronic Confirmation Matching (eCM) out of the box, while keeping clients’ total cost of ownership at a bare minimum.
With native connectivity between the two platforms, the client community can now take advantage of a next generation ETRM solution combined with comprehensive post trade capabilities in energy trading, enabling straight-through processing of trade confirmations, settlements, nettings, financing, and payments. Jointly the Fidectus and Previse Systems services become a seamless experience maximising clients’ ROI.
Join us to see a live demonstration on the integration of these two industry leading innovators at the ETOT 2021 conference in London, October 5-6, 2021.
“The partnership with Fidectus is a great example of how our ecosystem concept fosters collaboration among vendors of complementary products, enabling customers to compose “best-of-breed” solutions. We believe that our customers are looking for the value and flexibility provided by open architectures and a modern technology stack. For many companies, replacing aging and inefficient systems with an ecosystem-approach becomes an interesting alternative as it ensures innovation without the costs, risks and lock-in effects associated with legacy architectures and connectors,” says Asbjørn Hansen of Previse Systems.
Jens Bartenschlager of Fidectus says: “We are happy to join forces with Previse Systems into a new era of energy trading. This partnership further accelerate adoption of our next generation post-trade and cross-company services and creates additional benefits to our joint client community.”
About Fidectus
Fidectus is a Swiss-based company revolutionizing post-trade processing for the over-the-counter energy and commodity markets. Our Global Energy Network (GEN) connects market participants and enables them to significantly reduce cost, risk, and illiquid capital through intelligent tools for reporting, confirmation, settlement, netting, financing, and payment. Clients can now better manage their working capital and improve their operating profitability putting them at a competitive advantage.
For more information, visit https://fidectus.com/.
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.
For more information, visit https://previsesystems.com/
Norlys Energy Trading Goes Live on First Release of Core ETRM Platform
Zug, 12. May 2021: Previse Systems announced today that Norlys Energy Trading has successfully taken the first release of it new Core ETRM platform – based on ChorusLink, Previse Coral and the Coral Ecosystem – into production.
The primary goal of Release 1 is to support the trading of power and natural gas on EEX as well as Nasdaq OMX, with master data provided by ChorusLink and valuations run in Previse Coral. Release 2 will expand coverage to further instruments across additional European markets for gas and power.
Release 1 was delivered entirely remotely. A strong team spirit with a shared focus on the common goal ensured a smooth and timely completion.
About Norlys Energy Trading
Norlys Energy Trading A/S was founded in May 2020 and owned by Norlys Holding A/S and Eurowind Energy A/S The company is based in the Northern part of Denmark in the city of Aalborg.
We are in the process of building a solid and automatized organisation with an efficient platform for energy trading and aim to streamline the handling of renewable energy in both Denmark and the rest of Europe.
We strive to become one of the top European players in electricity and gas trading and to be one of the frontrunners of the green energy transition.
As the energy sector is getting “greener”, more complex than ever, and new solutions emerge everywhere, we have chosen to be an active part of and significant contributor to a sustainable future.
Allan Kaufmann, Head of IT Development at Norlys Energy Trading, said:
“We welcome the first deployment of our entire platform into production and can officially state that Norlys Energy Trading is now an operating trading company. This first go-live will probably be the largest and most important deployment we ever face since all our different systems and components (that together represent our world class trading platform) now are combined and running.
It´s quite amazing to see how much we have achieved working from home! We have established very close collaboration with our various counterparts and especially with Previse Systems, who have proven to be a very flexible and high performing partner.
We have started out strong and now we are increasing the pace. What a fantastic journey!”
Asbjørn Hansen, Managing Director at Previse Systems, said:
“At Previse Systems, we are very proud of this first result of our partnership with Norlys Energy Trading. Thanks to an efficient and close collaboration of the project teams – of course entirely remotely as mandated by the circumstances – we were able to not only fulfil a very demanding project schedule, but even to increase the project scope and deliver more functionality than originally planned.
We were able to demonstrate the strength of our concepts for example in the core success criteria of time to market and performance – the combination of our innovative data management approach with the utilisation of advanced Azure cloud services and the serverless technology provided by Microsoft allows new markets to be onboarded quickly and valuation runtime to be all but independent of the number of trades to be valued.
We are excited to support Norlys Energy Trading on their journey and look forward to a continuous stream of further successful releases over the coming months.”
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.
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.”