10th December 2015, London:
Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Clean Energy Sourcing AG (CLENS), a European energy supply company, focussed on delivering clean energy to large industrial and commercial consumers has selected Brady Energy Trading and Risk Management solution to manage its renewable energy trading, position, risk, and back-office operations.
CLENS is one of the leading providers of green energy to both industrial and commercial consumers, as well as to household customers, supplying exclusively renewable power. The company buys green electricity directly from renewable energy plant operators and operates primarily within Germany and Austria. As well as being one of the leading suppliers of green power in Germany, the company operates a virtual power plant, that enables the optimised production from decentralised producers and industrial processes as best set by the market prices and the supply of balancing power.
“Having been a customer of Brady since 2010, we are highly impressed by the team’s understanding of our business and the professional partnership that we have enjoyed to date. We selected Brady ETRM as it will provide us with a robust and proven platform as a foundation to manage all of our business activities around energy trading, portfolio and risk management and ensure we are fully compliant with any regulatory reporting directives, as well as a reliable partner for the system implementation and beyond,” said Ralf Filz, COO at CLENS.
Continuing Filz added: “We are confident of Brady’s ability to deliver ongoing support for all areas of energy trading, operations, and risk management. Therefore, we are looking forward to a strong partnership with Brady to facilitate our current activities in renewable energy trading, and to confidently address our future requirements. Already using Brady’s European power balancing and scheduling solution for our business, we now have an optimal solution for both the physical and financial energy markets supported by a single vendor. CLENS is happy to have found the partner, with the ability to ensure the efficiency of its business and a team that supports the company in its growth plans”.
Gavin Lavelle, CEO of Brady plc, commented: “After partnering with CLENS for a number of years already, I am delighted that CLENS recognises our expertise across the energy space. We are delighted to extend our commitment with CLENS and further our product, market and technical expertise in the area of renewable energy, to assist innovative companies such as CLENS in the increasingly significant and complex renewable energy space. We are now intent on ensuring that CLENS will quickly enjoy the benefits and are delighted that they have selected Brady again”.
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Editorial contact for Brady
Rebecca Sanders-Hewett / Charlie Geller / David Ison
Telephone: +44 (0)20 7382 4730
Email: rsh@RedleafPr.com or di@RedleafPr.com or cg@redleafPr.com
Notes to Editors:
About Brady plc:
Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity, recycling and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, scrap and secondary metals, soft commodities and agricultural products.
Brady has 30 years’ expertise in the commodity markets with over 400 customers worldwide, who depend on Brady’s software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world’s largest financial institutions, trading companies, miners, refiners and producers, tier one banks and a large number of London Metal Exchange members and many leading European energy generators, traders and consumers. For further information visit: www.bradyplc.com
Brady plc: Twitter/Facebook/LinkedIn
Clean Energy Sourcing (CLENS) is one of the leading Green Power Suppliers, Direct Marketers of renewable energies and Operators of a Virtual Power Plant in Germany and Austria. The company splits its operations between its two offices in Leipzig and Frankfurt from where it supplies industrial customers with power from Wind-; Solar-, Bio- and Hydro plants. Also as an operator of a virtual power plant, CLENS enables the optimised production from decentralised producers and industrial processes as best set by the market prices, as well as being able to offer these capacities in various ancillary service markets. Through these capabilities CLENS is able to optimise the revenues for its producers and reduce the energy costs for its industrial and commercial customers.
Commodities traded: Power and Green Power Certificates
For further information visit: www.clens.eu/ Twitter/ Facebook