IRM is a platform for energy trade processing from front-to-back office, including portfolio and risk management. With a focus on the gas and power industries, the solution supports multiple commodities and provides comprehensive electricity and gas scheduling across system operators in multiple markets.
OpenLink IRM is also widely used for forecasting and optimization, providing a unique engine to optimize entire unit portfolios, including renewables in one, integrated model.
Trading and procurement management functionality from contracts, deal entry and position keeping to settlement:
Multi-purpose forecasting and planning module for sales and procurement:
Optimization for energy trading and physical asset utilization:
Wholesale distribution across multi-commodity requests:
OpenLink chosen for its proven record of delivering successful solutions to mid-tier energy firms.
OpenLink’s physical asset portfolio optimization solution goes live in 30 days.
Gas and electricity portfolio trading, power nominations and forecasting are now centralized at this green energy company.