ENTEGA and Hitachi enter Development Partnership

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The FINANCIAL — ENTEGA AG and Hitachi Europe Ltd., a subsidiary of Hitachi, Ltd. on March 13 announced that they have decided to enter a development partnership to further increase the capabilities of the two companies in the areas of operational optimization for technical equipment and automated energy trading.

The increase of renewable energy and distributed energy resources are driving energy system changes. Energy providers need more efficient and profitable operations for customer services. The goal of the partnership is the application and further development of a Hitachi solution to control the optimal use of electricity and heat generation systems, taking into account real-time market data and the execution of the optimization recommendations of the software via automatic algorithmic trade in real time, according to Hitachi.

Citiworks AG, a subsidiary of ENTEGA, which takes on operational leadership in terms of commercial market access, incorporates the experience gained from the introduction of fully automated algorithmic trading in the spot markets and the marketing of system services.

Hitachi brings its comprehensive optimization expertise together with the many years of experience in the field of energy generation and distribution systems, trade optimization, data analytics and machine learning, as well as in the development of control software into the project and is the licensor of the software.

The duration of the project is six months. After that, Hitachi will offer the solution in the market, and citiworks will integrate the solution into the company’s service portfolio, offer it to interested customers and use it for its own optimization.

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