Arenko’s Nimbus Trade software will be used and integrated with RWE’s trading platform.
Orders placed for first three DC coupled solar and storage projects, covering 165MW solar and 55MW / 110MWh of storage
Arenko have agreed a framework deal with RWE Supply and Trading GmbH (RWE), with RWE using Arenko’s enterprise grade Nimbus Trade product as part of its UK trading desk.
The technology will be deployed on three DC coupled solar projects which are currently in construction with the first two projects going live in early 2025.
Under the agreement, RWE’s in house trading algorithms and trading capabilities will be integrated into Arenko’s Nimbus Trade product delivering a suite of automated trading capabilities for RWE’s trading desk which currently trades approximately 17.5% of UK power.
RWE is one of the leading companies in the field of renewable energy and by the end of the decade, the company’s green portfolio will grow to more than 65 gigawatts of generation capacity. Digitalisation is a cornerstone of decentralised, decarbonised energy.
Nimbus Trade, Arenko’s proprietary enterprise-grade trading product, helps large energy companies manage diverse and complex renewables and battery portfolios to deliver superior returns through:
- Standardising and operationalising highly complex asset control systems and data flows
- Streamlining connectivity and integrations with existing IT systems, third-party software and trading markets
- Automating key trading processes
Nimbus Trade is one of Arenko’s modular Products from the Nimbus Platform that links key stakeholders onto a single, common digital backbone with applications for traders, asset managers, owners and back-office teams.
Dynamically controlled assets such as these DC coupled solar projects or, for example assets with CFD AR4 allocations, are expected to be a major feature of sustainable energy systems globally. These projects reflect further endorsement of Nimbus’ market leading ability to manage these complex processes and operations and builds off the work that Arenko is already doing for storage sites co-located with wind, previously announced with Vattenfall, and co-located with solar, previously announced with Engie.
Rupert Newland, Founder and CEO of Arenko, said:
“We are delighted to have been selected by RWE and agreeing a framework deal with them for Nimbus to help support their operations, and we look forward to building this relationship. The three initial DC coupled solar projects are some of the most advanced, large scale collocated projects in the world and we can’t wait to go live early in the new year.
RWE are a major new software customer for Arenko and we are thrilled to be playing our part in helping them to achieve their ambitious targets. Developing software at an enterprise grade level for globally leading customers, like RWE, is core to achieving Arenko’s mission and vision and testament to the quality of our software product.”
Sarah Standen, Head of Commerical Asset Optimisation UK, commented:
“RWE is excited to be working with Arenko; bringing our first co-located battery projects to the UK market.”