Danske Commodities to optimize flexible assets of Borås Energi och Miljö


Photo: iStock


January 24, 2024






January 24, 2024





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 (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

SEEPEX businesses to enter electricity market

SEEPEX: Right time for businesses to enter electricity market

28 February 2024 - The need for the government to regulate power prices is slowly diminishing, experts from Serbian power exchange SEEPEX said, advising firms to turn to the market

Germany spearheads wind power development Europe 2023

Germany spearheads wind power development in Europe in 2023

28 February 2024 - Germany is spearheading wind power expansion in Europe, while Greece and Turkey have the strongest performances in the Balkans

Albania production battery energy storage systems

Project launched in Albania for production of battery energy storage systems

27 February 2024 - Vega Solar agreed with an unnamed Indian company to build the first lithium ion battery factory in Albania

Kosovo power utility KEK replaces acting CEO

Kosovo* power utility KEK replaces acting CEO

27 February 2024 - KEK) appointed Bekir Gërguri as acting chief executive officer and Ramadan Budakova as his deputy, also in an acting capacity