London and Düsseldorf – October 12, 2016 – Uniper Global Commodities SE has completed a major upgrade of its Power Trading and Risk Management (ETRM) platform together with OpenLink, the global leader in trading and risk management solutions for the energy, commodities, corporate and financial services industries.
The move to OpenLink’s V15 release is a key part of a broader program to streamline and cost optimize Uniper’s trading environment, following a five year strategic agreement between the two companies in March. It provides Uniper with the most advanced and robust ETRM platform in the market, requiring lower maintenance and reduced operating costs. The upgrade forms the basis for further consolidation and will enable a reduction in the number of legacy systems across the business.
Damian Bunyan, CIO, Uniper, added: “This is the next step in our transformation programme to harmonize our energy trading infrastructure, reduce overall costs, and support our future needs and internationalization strategy on a stable, modern system. OpenLink understood this, and the upgrade was one of the smoothest we’ve ever had.”
Jennifer Broker, Senior Vice President Professional Services, OpenLink EMEA, said: “This upgrade shows the value in the strategic partnership, moving from an agreement on paper to teams of people working to complete the upgrade in 6 months. Quicker time to value, speed of implementation and the quality of our latest products has resulted in a successful transition and superior platform to springboard Uniper’s success.”
Uniper will showcase the upgrade project and benefits of the new solution at the OpenLink Global Customer Summit in New York in November.