Rise of Renewables in U.S. Power Markets

Learn more in this new white paper.

Download now
White paper: The Rise of Renewables in U.S. Power Markets

Fast Track to Trading!

OpenLink's proprietary Market Standard Implementation Models are a time-saving, cost-effective way for clients to streamline deployment of C/ETRM systems.

Learn more
European Power and Gas Trading solution - learn more!

OpenLink Voted Best Overall Energy Trading and
Risk Management Platform for Ninth Year in a Row

Annual Energy Risk survey also ranks OpenLink “Best ETRM System for Project Delivery on Time and Within Budget.”

Read press release
OpenLink voted No. 1 for Energy Trading Risk Management (ETRM) systems

Coal Supply Management
and Trading


  
 Power the world from the ground up!

Find out more
Coal-Energy

Optimizing Renewable Assets

Addressing key challenges with the newest trends - 2012 and beyond

View webcast Optimizing renewable assets
Optimizing renewable assets

Be Ready for Regulatory Compliance

Our suite of Dodd-Frank regulatory compliance solutions deliver high-value solutions with immediate benefits for energy markets.

Find out more
Regulatory compliance solutions

IRM web site content has been moved to openlink.com

IRM

We are very excited to share that irm.at website content has now fully migrated onto one unified OpenLink website. Under the new unified brand, we will continue to develop the market leading IRM applications as well as extend OpenLink’s advanced functionality to service all facets of the evolving marketplaces we serve.

The combination of IRM with OpenLink's Solutions Suites allows us to provide our customers with superior products in a more comprehensive manner.

OpenLink 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.

 

Key Components

TradeExpress
Trading and procurement management functionality from contracts, deal entry and position keeping to settlement:

  • Portfolio and risk management including Value-at-Risk, Earnings-at-Risk and portfolio evaluation
  • Schedule management for electricity (ESS-A, ESS-D, ESS-CH, ESS-I, RTE) and gas (EDIG@S)

Forecast
Multi-purpose forecasting and planning module for sales and procurement:

  • Short, medium and long-term forecasting including load consumption, market price, inflows and planning of quantities
  • Scenario calculations for forecasting grid and single loads

Optimization
Optimization for energy trading and physical asset utilization:

  • Power plant structures and contracts
  • Complex national and international gas systems including transport routes, storage and gas blending stations
  • Associated financial products and ancillary services

 
SalesPlus
Wholesale distribution across multi-commodity requests:

  • Sales trading, contract management and transfer pricing
  • Scenario comparison and contribution margin accounting

Value Delivered

Remove errors in transferring data between systems so traders, risk managers and schedulers see correct up-to-date positions

Manage risk with integrated risk analysis and controls

Simplify scheduling with one tool to manage nominations, then quickly identify and address imbalances

Save costs and improve efficiency with optimization fully integrated with trading

Optimize generating mix across multiple unit types, factoring in transmission constraints

Optimize unit selection and avoid over commitment where renewables are used

Work from unit commitment to long term planning in one integrated solution

Leverage market modeling for newly de-regulated markets to make investment decisions and forecast mid-term prices


Contact Us

(*) Denotes required field.


Please enter your first name.

Please enter your last name.

Please enter your company name.

A valid email address is required.


 

IRM Support

E-mail: irm-support@openlink.com

Ph: +43 (1) 81130 660


Video: Portfolio Approach to Optimizing Renewable Assets

 

OpenLink's Renewable Energy Solutions

Whitepaper:
What's in Your Portfolio?

Taking the Smart Approach to Gas and Power.