Electricity

Danske Commodities to optimize flexible assets of Borås Energi och Miljö

Danske-Commodities-optimize-flexible-assets-Boras-Energi-och-Miljo

Photo: iStock

Published

January 24, 2024

Country

Comments

comments icon

0

Share

Published:

January 24, 2024

Country:

Comments:

comments icon

0

Share

Energy trading company Danske Commodities has signed an agreement with Borås Energi och Miljö, based in Sweden, to optimize the energy company’s portfolio of combined heat and power (CHP), hydropower, an electric boiler and battery storage.

Danske Commodities said it would provide route-to-market and optimization services for Borås Energi och Miljö’s portfolio of power assets with a total capacity of 121 MW.

The Swedish energy company is qualified to participate in the ancillary services market, for manual frequency restoration reserve (mFRR), and aims to enter new markets, with Danske Commodities supporting market access for further ancillary services, according to the announcement. Having access to the ancillary services market helps asset owners optimize the value of their production facilities and avoid negative prices, the Danish energy trader pointed out.

Borås Energi och Miljö sees opportunities in flexibility

As the balance responsible party (BRP) for Borås Energi och Miljö, Danske Commodities will connect energy production to the energy markets. The diverse portfolio of flexible assets consists of CHP (82 MW), hydropower (12 MW), an electric boiler (24 MW) and battery storage (3 MW).

“We are glad, and confident, that Danske Commodities as a new partner for our physical trading, with all their experience from managing assets in volatile markets, such as CHP, will contribute to further improving the value of both existing and new power portfolio assets, including our development within flexibility,” said Head of Energy Trading at Borås Energi och Miljö Anders Brodén.

Danske Commodities has vast experience from the Danish flexibility market, he stressed. “Over the years, we have built a leading market expertise and developed the necessary systems to create value for our customers and the market. The influx of renewables also creates a need for flexible energy generation, and we are happy to help strengthen the flexibility in Sweden’s power market,” Brodén stated.

Danske Commodities aims to be preferred partner for Swedish energy firms

With 121 MW of power added to the portfolio, Danske Commodities said it is gearing up to build a substantial portfolio in Sweden, consisting of both renewables and flexible assets.

“We want to be a preferred partner for Swedish energy asset owners, with energy market services covering renewables, CHPs, biomass, waste and batteries. Building on 20 years of trading experience, we aim to create value for our customers through balancing and asset optimisation,” said Senior Originator at Danske Commodities Kalle Kastan.

Danske Commodities manages a contract portfolio of 12 GW in electricity across Europe for energy producers and industrial consumers. This month the firm headquartered in Denmark completed its first trades in the Japanese power futures market.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

engie romania wind project Mereni Constanța

Engie Romania takes over 54 MW wind power project

02 May 2025 - The project is located in Constanța county, an area with high wind potential, recognized for its superior yields in green energy production

slovenia solar army vipava military barracks mors seng dars

Army joins forces with municipality, energy company, road firm to install solar panels in Slovenia

02 May 2025 - The Sunčana (Sunny) Vipava project envisages installing solar power plants with a combined capacity of 20 MW

OMV opens Austria largest green hydrogen plant

OMV opens Austria’s largest green hydrogen plant

30 April 2025 - OMV put into operation its 10 MW green hydrogen plant at the Schwechat refinery. It can produce 1,500 tons per year.

hungary mvm gas CCGT power plant ansaldo calik enerji

Hungary’s MVM inks deal with Çalık Holding, Ansaldo Energia for combined cycle gas turbine power plant

30 April 2025 - It is the second time this year that MVM contracted gas-fueled and hydrogen-ready power plants at sites of former fossil fuel facilities