Navitasoft Focuses on Enabling the Energy Market of Things

Navitasoft’s website says that it provides energy business software solutions for the regulated electricity and gas market players such as transmission system operators, storage system operators, energy traders, shippers, and regulators. Located in Hungary, its solutions are applied by the most important players in the region in both segments: trading and system operation. Indeed, it offers an Operator’s suite and a Trader’s suite of solutions amongst others. It also has a new concept of its Trader suite and as I was told by Kornel Balogh this week, it is currently being onboarded at a customer with others likely to follow. But what is this new concept? “ETRM is a big-ticket item,” he told me. ”For many, it is simply too expensive to buy and implement and as more market switch to 15- or even 5-minute increments, there are lots of small distributed assets being added to the grid. Classical ETRM is done yet any company that wants to trade must have an ETRM.” He also points to several other issues such as data volumes, complexity of that data, IT expert skills shortages all impacting specifically smaller and medium-sized traders. He suggests that all the smaller assets and the issues that they… continue reading

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