OpenLink, an energy and financial trading and risk management software developer, has announced that Strategic Energy has successfully implemented Endur and the Power Market Gateway (PMG). Strategic Energy will leverage Endur and PMG to support its straight-through-processing requirements for physical and financial power transactions. The PMG is a new product that interfaces pMotion (OpenLink's power scheduling product) with The Structure Group's nMarket energy transaction software platform for bi-directional connectivity to the regional independent system operators (ISOs) for power schedules, awards, prices, and settlement data.
Strategic Energy provides knowledge and experience in deregulated markets to create opportunities for small businesses, medium-sized commercial organizations, and large multi-site energy consumers to achieve competitive pricing in the electricity marketplace.
Bjorn Hagelmann, director of Risk Management for Strategic Energy, commented, "After our comprehensive implementation, we can truly validate Endur's extensive and robust functionality and its compatibility across all aspects of our wholesale business. Our commitment to state-of-the-art business systems like Endur is a key aspect of our ability to provide industry-leading services for our retail clients."
Matthew Frye, managing director of OpenLink's Houston division, noted, "With Strategic Energy now live on Endur, pMotion, and PMG, they are able to create and maintain contracts; submit demand bids, virtual supply/offers, and energy schedules; and view market results in automated and real-time formats. The most seamless and automated trading, risk management, operations, and logistic environment for leading energy firms!"