New E/CTRM vendors continue to emerge. Often this is because people from the industry with experience believe that there is a better way, and they want to utilize new technologies to create that vision, so they start new entities. Aurora Systems is such a vendor. Founded in 2018, Aurora Systems comprises a team of around a dozen experienced people who have built a SaaS ETRM solution and a price portal offering. It already has eleven customers using its software, Bjarne Johansen told me recently. “We focus on the mid-tier market,” he said. “Large consumers, renewable energy firms and mid-tier marketers and utilities. This market is often using expensive, older, rigid solutions and looking for something more agile.” Aurora offers a cloud native SaaS solution that is modular with a microservices architecture. It can be deployed in an ecosystem with homegrown modules and/or third-party modules, he told me. “We designed the solution to be user friendly and extremely flexible,” he said. It is deployed single tenanted and covers power, natural gas, various emissions certificates and allowables as well as multiple currencies. With both physical and financial trade coverage, he told me. Currently, its customers are in Scandinavia and Europe. In terms… continue reading