Vattenfall has acquired Senfal, a Dutch developer of an intelligent trading platform that aims to increase returns from renewable energy plants.
Amsterdam-based Senfal’s software is based on algorithms using artificial intelligence that enables wind farm operators to optimise assets through autonomous buying and selling on short-term energy markets.
The software can be used with solar and energy storage facilities, as well as wind, to “unlock value from flexibility,” said the start-up.
Vattenfall European wholesale customer business head Erik Suichies said: “Senfal has gained a wealth of experience and shows innovative thinking in automated demand response and robotic power trading.
“Adding their competence and solutions will strengthen Vattenfall’s position of being the preferred energy supplier for industrial customers and renewable operators in north-western Europe.”
Through its services, Senfal is able to substantially reduce the energy bill for large industrials as well as increase power trading profits for wind and solar farms and battery owners.
Senfal managing director Sander ten Kate said: “Partnering with Vattenfall enables Senfal to scale our technology to a very large customer base, thereby creating the desired impact.”