Ørsted has gone live on PCI Energy Solutions’ cloud ETRM platform in the U.S., automating bidding, scheduling, and settlements across multiple markets. The deployment increases scale, portfolio visibility, and workflow efficiency as Ørsted expands its U.S. footprint.
PCI Energy Solutions is pleased to announce the successful go-live of its comprehensive Energy Trading and Risk Management (ETRM) software for Ørsted’s U.S. operations. The go-live marks a significant milestone in Ørsted’s expansion within the U.S. energy market, streamlining their trading workflows across multiple markets and enhancing operational efficiency.
By leveraging PCI’s cloud-based platform, Ørsted is now automating market bidding, scheduling, and settlement processes, including Financial Transmission Rights (FTRs), OTC (over-the-counter) trades, exchange trades, and wholesale multi-market “bid-to-bill” functionality.
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Ørsted chose PCI after encountering challenges with previous solutions that struggled to scale their operations and handle the complexity of modern renewable management. With PCI, Ørsted now benefits from enhanced workflow automation and portfolio visibility, enabling them to rapidly expand operations and confidently manage growth in the U.S. market.
“We are excited to see our U.S. trading operations empowered by PCI’s platform, which enables us to optimize our workflows and supports our commitment to expanding America’s clean energy market,” said Brent Phelps, Head of Trading at Ørsted. “PCI’s collaboration and expertise have been instrumental in this smooth transition, and we look forward to continuing our partnership.”
“Ørsted is a leader in the renewable energy sector, and we are honored to support their growth in the U.S.,” said Shailesh Mishra, Senior Vice President of Commercial and Customer Success at PCI. “Our platform is designed to help Ørsted optimize their energy trading operations, providing scalability and efficiency as they continue to drive forward the green energy transition.”
The PCI platform, powered by Amazon Web Services (AWS), is a globally deployed, secure cloud solution that optimizes energy trading, physical power delivery, settlements, risk management, and compliance reporting. With 24/7 operational capabilities, the platform provides customers with unmatched performance, security, and integration with essential systems.
With the resounding success of Phase 1 complete, PCI and Ørsted now turn their attention to other value-add workflows to tackle in Phase 2. This includes additional ISO connectivity and automation along with robust REC management capabilities.
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