Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Clean Energy Sourcing AG (CLENS), a European energy supply company, focussed on delivering clean energy to large industrial and commercial consumershas selected Brady Energy Trading and Risk Management solution to manage its renewable energy trading, position, risk, and back-office operations.
CLENS is one of the leading providers of green energy to both industrial and commercial consumers, as well as to household customers, supplying exclusively renewable power. The company buys green electricity directly from renewable energy plant operators and operates primarily within Germany and Austria. As well as being one of the leading suppliers of green power in Germany, the company operates a virtual power plant, that enables the optimised production from decentralised producers and industrial processes as best set by the market prices and the supply of balancing power.
“Having been a customer of Brady since 2010, we are highly impressed by the team’s understanding of our business and the professional partnership that we have enjoyed to date. We selected Brady ETRM as it will provide us with a robust and proven platform as a foundation to manage all of our business activities around energy trading, portfolio and risk management and ensure we are fully compliant with any regulatory reporting directives, as well as a reliable partner for the system implementation and beyond,” said Ralf Filz, COO at CLENS.
Continuing Filz added: “We are confident of Brady’s ability to deliver ongoing support for all areas of energy trading, operations, and risk management. Therefore, we are looking forward to a strong partnership with Brady to facilitate our current activities in renewable energy trading, and to confidently address our future requirements. Already using Brady’s European power balancing and scheduling solution for our business, we now have an optimal solution for both the physical and financial energy markets supported by a single vendor. CLENS is happy to have found the partner, with the ability to ensure the efficiency of its business and a team that supports the company in its growth plans”.
Gavin Lavelle, CEO of Brady plc, commented: “After partnering with CLENS for a number of years already, I am delighted that CLENS recognises our expertise across the energy space. We are delighted to extend our commitment with CLENS and further our product, market and technical expertise in the area of renewable energy, to assist innovative companies such as CLENS in the increasingly significant and complex renewable energy space. We are now intent on ensuring that CLENS will quickly enjoy the benefits and are delighted that they have selected Brady again”.