OpenLink, the global leader in Energy, Commodities and Treasury trading systems, today announced an agreement with ABeam Consulting Ltd, which will see ABeam provide consulting services for the optimization of the energy value chain and boost Japanese power companies’ and trading houses’ international competitiveness.
Japan’s impending deregulation of retail electric power sales in 2016 and gas in 2017 has resulted in a number of management issues that must be addressed by corporations. These include: reinforcement of their retail service function; upgrading the competitiveness of their energy business models; effort to promote optimization of the entire energy value chain covering fuel trade; maritime shipping scheduling; power generation; power grid management and electric power market transactions. Corporations must now exercise strategic and versatile management in optimizing their energy portfolios of fuels and power sources while carefully monitoring market changes.
In addition, the capability to procure mineral resources internationally is a vital lifeline for Japan. General trading houses that support and maintain this lifeline must make effective use of trading and risk management systems for commodities that are being traded on an ever-growing scale, such as LNG, coal and metals including copper and aluminum. These systems will increasingly enable competitive advantage in the global marketplace.
ABeam and OpenLink will be delivering new organizational and business processes for optimizing the entire energy value chain; implementing the smart energy trading and risk management with optimization system (IRM); and offering a one-stop solution for energy & commodity market trading.