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Powel signs strategic partnership contract with Enel

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Energy Global,

Enel has bought software from Powel to increase their revenues from power generation. Powel is a software company within industrial IT in Norway and has expanded its business in the European energy sector during the last decade.

Powel is a provider of software solutions for forecasting, optimisation, production planning, energy trading and scheduling in Europe and is owned by the industrial investment company, Arendal Fossekompani. Powel's portfolio currently includes major clients such as Axpo, E.ON, Fortum, Luminus, RWE, Statkraft, Uniper, and Vattenfall.

Powel will provide software to forecast and optimise Enel’s power generation in Italy, both hydropower and thermal power generation, as well as wind power, solar power and batteries in the different Italian power markets. This portfolio consists of around 700 production units, out of which there are 200 flexible hydropower plants and 50 flexible thermal power plants. The international software company Powel headquartered in Norway will also provide software for optimisation, trading and market communication for Enel's renewable power generation worldwide.

The Italian market framework is changing rapidly and Enel needs software solutions to catch new opportunities of value creation in an increasingly competitive environment. Enel aims at maximising the value of its assets against the different markets and chose to collaborate with Powel.

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