Bixia Expands Trading Operations With Hansen
March 21 2024 - 5:00AM
Business Wire
Hansen Technologies (ASX:HSN), a leading global provider of
software and services to the energy, water and communications
industries, is pleased to announce an expansion of its partnership
with Swedish utility company Bixia. Under this agreement, Bixia
will expand its trading capabilities by leveraging Hansen Trade’s
modularity to add the FCR (Frequency Containment Reserve) and mFRR
(Manual Frequency Restoration Reserve) Ancillary Services trading
and automatic customer communication components. This expansion
builds upon Bixia’s current deployment of Hansen Trade for intraday
trading, initiated earlier last year.
The Hansen Trade FCR module enables Bixia to operate
automatically in the FCR market, including automatic bid sending
and trade-result handling. The FCR solution complies with the
existing EDIEL-based bidding technology and also supports the new
ECP (Energy Communication Platform)-based bidding that Svenska
Kraftnät, the Swedish grid operator, will soon introduce – a change
outlined in this recent blog.
The Regulating Power solution provided by Hansen Trade allows
Bixia to operate in both the mFRR energy and mFRR capacity markets
in an automated manner. The solution automates the mFRR bidding
process and activation-request handling, including comprehensive
visualisation and monitoring.
Eric Constantien, Head of Sales, Large Enterprises &
Producers, Bixia, commented: “The seamless deployment of the
Intraday Trading module within Hansen Trade earlier in 2023, and
its reliability and comprehensive features, made it an easy
decision for us to expand our partnership with Hansen further.
Introducing Hansen’s FCR and mFRR trading modules will
significantly upgrade our trading-related service and provide our
customers with a modern trading service experience. Automation and
streamlined processes also allow us to expand our business
further.”
David Castree, Chief Customer Officer at Hansen,
commented: “We are pleased to see this expansion of our
relationship with Bixia and the positive reception to our energy
trading solution in the region – made possible by its
multi-faceted, modular architecture. With dynamic market forces and
a changing regulatory landscape in the Nordic region, Hansen Trade
empowers companies like Bixia to keep their operations running
seamlessly, with unparalleled agility and confidence.”
Part of the Hansen Suite for Energy & Utilities and run as a
cloud-based SaaS solution, Hansen Trade fully meets the flexibility
and scalability demands of the evolving energy-trading market.
For further information about Hansen Technologies, please visit
www.hansencx.com.
About Hansen Technologies
Hansen Technologies (ASX: HSN) is a leading global provider of
software and services to the energy, water and communications
industries. With its award-winning software portfolio, Hansen
serves customers in over 80 countries, helping them to create,
sell, and deliver new products and services, manage and analyse
customer data, and control critical revenue management and customer
support processes.
For more information, visit www.hansencx.com
About Bixia
Bixia delivers 100 per cent renewable electricity to customers
throughout Sweden. Bixia is one of the electricity companies in
Sweden that buys the largest share of renewable and locally
produced electricity. Bixia works actively to develop locally
produced renewable electricity and is the electricity trading
company that purchases the largest share of small-scale produced
electricity in the Nordic region.
For more information, visit https://www.bixia.se/
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version on businesswire.com: https://www.businesswire.com/news/home/20240321013913/en/
Adnan Bashir Global Lead, External Communications Hansen
Technologies +1 647-204-0999
Hansen Technologies (ASX:HSN)
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