Norsk Hydro goes live with new Brady Energy Market Databank solution

London - 7 July 2011

Brady plc (BRY.L), the leading global supplier of trading, risk management and settlement solutions to the energy, metals and soft commodity sectors, announced today that Norsk Hydro, a leading global supplier of aluminium and aluminium products, has gone live with the new Brady Energy Market Databank solution. The Brady Energy Market Databank solution enables Hydro to locally store historical forward curves, market -, weather- and production data from external data feeds and in-house models. Hydro is a major participant in the European Energy Markets.

Rønnaug Sagrov Mysterud, Head of Energy Analysis in the business area Energy in Hydro, commented, “Hydro is delighted with the new solution, which was developed in close cooperation with us, sourcing data from the PointConnect data feed from Thomson Reuters Point Carbon and other internal and external sources. The new Excel interface makes it intuitive and easy to perform analysis on historical data from many sources. We are pleased with the speed of delivery and the cooperation with Brady during this project. We welcome new users for collaboration on further refining of the system.”

Gavin Lavelle, CEO of Brady, said, “This is an extremely interesting development for us. The cooperation with Hydro enables us to launch a complementary addition to the Brady Energy Solution. We strongly believe that this addition to our portfolio will benefit a large number of market participants, including companies which are currently not using any Brady Energy solutions, by offering a structured way of accessing and analysing historical Energy Market Data by using an Excel interface.”

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