Photo: Volue
Volue took over smartPulse, accelerating the expansion into Central and Eastern Europe, Southern Europe and Turkey, with its power trading and battery optimization capabilities.
Software maker Volue said it has completed a deal to acquire smartPulse, a full-suite short-term power trading and battery optimization platform for asset owners and aggregators across Europe. It significantly accelerates the expansion into Central and Eastern Europe (CEE), Southern Europe and Türkiye, according to the announcement.
The takeover will expand the offering with a comprehensive suite that now covers forecasting, position management, scheduling and nomination, day-ahead bidding, intraday trading, battery optimization and asset connectivity, Volue said. The company said it provides solutions and systems powering the green transition as well as insights to industries critical to society. Headquartered in Oslo, Norway, it is active in more than 40 countries.
Volue pointed out that it is strengthening its capabilities with smartPulse’s proven platform and seasoned team, adding that they bring decades of expertise in one of Europe’s fastest-growing power markets.
SmartPulse to benefit from Volue’s resources, expertise, commercial team
Founded in 2018 in Turkey, smartPulse is a certified independent software vendor (ISV) at EPEX Spot, Nord Pool and various other European energy exchanges, with more than 80 energy market specialists.
The firm expressed confidence it would benefit from Volue’s resources, expertise and commercial team to further accelerate its development and geographic expansion while also strengthening its end-to-end value proposition.
Jointly connecting assets to markets
“With this acquisition, we accelerate our expansion into new European markets and strengthen our position as a full-suite provider for renewable asset operators. The move directly enhances our battery storage and optimisation capabilities, deepens our presence across regions, and supports our ambition of becoming the leading global independent energy software player,” said Volue’s Interim Chief Executive Officer and Chief Transformation Officer Martin Vieider.
The transaction enables smartPulse to accelerate its European rollout of transmission system operator (TSO) connections and broaden its suite internationally, while giving customers the confidence of a market-leading global partner, according to CEO and co-founder Önder Akar
“We share Volue’s ambition of connecting assets to markets, and we’re excited to scale that vision together,” he stated.
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