– Volue will provide Iberdrola with two energy trading software solutions for the German and French energy markets
– Iberdrola will use Volue’s software packages, DeltaXE and Volue Algo Trader Power, to enhance its position in the European markets
– The software will be installed on Iberdrola’s wind farms, including the Wikinger offshore facility in Germany.
Volue has partnered with Iberdrola to provide energy trading software solutions for the German and French energy markets. Iberdrola will use Volue’s DeltaXE and Volue Algo Trader Power to enhance its position in the European markets. DeltaXE is a trade and logistics solution that manages trades and positions across markets, while Volue Algo Trader Power automates intraday power trading using algorithms. These software packages will be installed on Iberdrola’s wind farms, including the Wikinger offshore facility in Germany.
Iberdrola recently reported a significant increase in net profit for the first quarter, reaching €2.76bn. However, the company’s total revenue for the quarter decreased by 18% compared to the previous year, partially due to a decline in installed capacity. Despite this, the partnership with Volue aims to empower Iberdrola with automation and reliability in its trading activities. The Wikinger wind farm is just one of many that will benefit from Volue’s software solutions, supporting Iberdrola’s trading endeavors in Europe.