As energy innovator Tampereen Energia transitions its district-heating network to be carbon-neutral, Hansen’s trading solution helps them navigate the challenges of ever-evolving wholesale power markets.
December 13th, 2024 – 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 Finnish utility company Tampereen Energia. Leveraging the modular capability of Hansen Trade, Tampereen will complement their Intraday Trading and Regulation Power tools with additional modules enabling them to participate in the aFRR and mFRR capacity markets, specifically in support of district-heating operations.
Electrification of Finland’s district-heating infrastructure is crucial for advancing the country’s climate goals and enhancing energy security. Transitioning to electric-powered heat production can significantly reduce reliance on fossil fuels, lower greenhouse gas emissions, and harness abundant renewable energy sources, such as wind and hydroelectric power.
Hansen Trade enables Tampereen Energia to purchase electricity at competitive rates when prices are low, optimising operational costs and potentially lowering consumer prices. This fully automated flexibility also allows better integration of renewable energy sources, taking advantage of fluctuations in supply from wind or solar power and promoting a greener energy mix. Moreover, by selling excess energy back to the market, the company can create an additional revenue stream, which can help fund further investments in sustainability and innovation.
Jukka Joronen, Director of Energy Markets, Tampereen Energia, commented: “The seamless deployment of Intraday Trading and Regulating Power with reliability and comprehensive features made it an easy decision to further expand our partnership with Hansen further. The electrification of district-heating systems is ongoing, and electric boilers offer significant flexibility and potential in power markets. Value realisation of flexibility requires automated trading solutions, and the introduction of Hansen’s aFRR and mFRR capacity market-trading solutions will give us market access and significantly upgrade our trading processes.”
David Castree, President of Energy & Utilities at Hansen, commented: “We are pleased to see this expansion of our relationship with Tampereen Energia and the positive reception to our energy trading solution across the region. Tampereen’s evolution of their district-heating infrastructure is an excellent example of ‘Sector Coupling’, and integrating and coordinating different energy sectors – such as electricity, heating, transportation, and industrial processes – into a more interconnected and efficient system is a vital element of the energy transition. By connecting sectors, Finland can leverage synergies to boost energy efficiency, creating a more flexible, resilient, and sustainable energy system. This approach reduces dependency on fossil fuels and optimises the use of renewable resources. Hansen is proud to collaborate with innovators like Tampereen Energia on this transformative journey.
Part of the Hansen Suite for Energy & Utilities and delivered as a modular, Cloud-native SaaS solution, Hansen Trade defines best practices for satisfying the flexibility and scalability demands of the evolving energy-trading market. Combining with Hansen EDM, Hansen Trade forms the Hansen solution for AI-Optimised Power Trading. This solution delivers analytics-driven optimisation of short-term trading in all markets and unique market insights that maximise the trading of all asset classes. AI-Optimised Power Trading leverages Hansen’s proven capabilities in managing time series, contract, and market communication data to seamlessly automate all your trading, balance, settlement, and billing operations.
For further information about Hansen Technologies, please visit www.hansencx.com
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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 Tampereen Energia
Tampereen Energia is a modern Finnish energy group that produces renewable energy and actively develops energy solutions for the future. We reduce greenhouse gas emissions and have been laying the foundation for successfully providing the services and products that our customers need. Our services efficiently combine electricity, heating and cooling networks in collaboration with our customers.
For more information, visit https://www.tampereenenergia.fi/en/
Contacts:
Adnan Bashir
Global Lead, External Communications
Hansen Technologies
+1 647-204-0999