Volue, a provider of technologies and services aimed at facilitating the energy transition, has successfully implemented its BoFiT Optimisation solution for Kolektor sETup, a subsidiary of Slovenia’s largest engineering and construction company, Kolektor. With operations in over 14 countries, Kolektor sETup is deploys innovative and sustainable solutions across the commercial, industrial, and utility sectors in Southeast Europe.

The BoFiT Optimisation solution will enhance the technical and commercial management of virtual power plants (VPPs) for Kolektor sETup, incorporating a diverse array of energy assets such as combined heat and power plants (CHP), battery energy storage systems, flexible loads, wind and small hydropower plants, photovoltaic systems, and heat pumps. This comprehensive tool facilitates the integration of various energy and economic vectors, supporting dynamic planning, validation, and optimisation for energy asset deployment and operation.

BoFiT Optimisation maps generation and trading portfolios into a mathematical model, enabling the determination of technical and commercial optimisation tasks based on real market conditions. This functionality allows for rapid and optimal adaptation of energy asset schedules, ensuring efficient operation across renewable and conventional energy assets.

Kolektor sETup will also leverage Volue’s Algo Trader Power, joining over 70 European companies that utilize this platform for automating intraday trading. Algo Trader Power supports trading on various markets, including EPEX SPOT, NordPool, HupX, and ICS Switzerland, with BSP Southpool integration forthcoming and additional markets planned.

Trond Straume, CEO of Volue, expressed his enthusiasm: “BoFiT allows power plants to respond to variable production demand in relation to fluctuating energy market prices, efficiently, and on a daily basis. We are delighted that Kolektor sETup has recognised the positive impact it brings, and we are pleased to be working together across their Slovenian operations.”

Borut Jereb, Director of Energy Management & Business Development at Kolektor sETup, highlighted the benefits: “BoFiT Optimisation and the Algo Trader Power solution will enable us to enhance the performance and dependability of a range of energy assets and portfolios, whilst concurrently lowering their operational costs and greenhouse gas emissions. Moreover, by having a real-time connection to the energy markets, we will be able to realise all available market opportunities and provide essential balancing services to uphold the stability of the energy systems.”

Gašper Artač, PhD, Director of Energy & Sustainability Services Development at Kolektor sETup, emphasized the importance of a holistic approach: “In today’s ever-changing energy landscape, effectively planning, deploying, and managing renewable and conventional energy assets across commercial, industrial, and utility sectors is crucial. This ensures the region meets Europe’s decarbonisation goals while maintaining energy security and affordability. Addressing these challenges requires innovative solutions. With its advanced algorithms and optimisation capabilities, BoFiT streamlines planning and management processes, ensuring efficient deployment of energy assets. Algo Trader Power uses real-time data and automated trading algorithms to enhance operational decision-making, maximising asset utilisation and minimising costs. Together, these solutions empower energy stakeholders to navigate the complexities of the modern energy landscape with confidence and precision.”

Aleš Koželjnik, Managing Director of Kolektor sETup, affirmed the strategic importance of the partnership: “The integration of the BoFiT Optimisation and Algo Trader Power solutions aligns perfectly with our commitment to deliver efficient and environmentally conscious energy solutions in Southeast Europe. With these cutting-edge technologies, we are confident in our ability to not only optimise our energy assets but also contribute significantly towards the larger goals of decarbonisation and energy security.”