Evolve Energy Supply, a licensed energy supplier that unlocks access to renewable energy and specialises in flexible contracts for UK Industrial and Commercial (I&C) businesses, has partnered with Enosi, the developers of Powertracer, a grid-scale software platform for clean energy matching.
The partnership will launch a renewable energy trading software solution to the UK market, connecting renewable energy generators of different technologies with corporate energy buyers. The trading solution enables greater flexibility, cost efficiency and transparency across renewable generators and demand customers.
James Hall, COO at Evolve Energy, said: “With a proven track record in the Australian, Singaporean and European markets, Enosi is the perfect partner to help us launch this energy matching software solution to the UK market. Their Powertracer technology matches half-hourly export metered generation to import metered demand, giving generators greater control over where their energy goes and providing consumers with cleaner and traceable energy.”
“We’ve been supporting our customers with innovative matching services for some time and it was quickly evident that Enosi had an existing software technology capability that could expand our offering, as the matching complexity increases across multiple consumers and generators.”
The Evolve and Enosi partnership comes at a pivotal time for the UK energy market, following Ofgem’s approval last May of Proposition 442: Reporting of EMRS of chargeable volumes for SVA Metering Systems that record both exempt and licensed supply. This key regulatory change removes unintended policy costs on demand for consumers if their energy demand is matched directly to license-exempt generators.
Hall adds: “Industry regulations put the consumer first, but while the foundation of the current legislative framework for matched energy is already established, many consumers haven’t known about it or haven’t been able to access it. By providing ancillary services to facilitate agreements between generators and consumers, we are enabling our customers to reduce cost and directly contribute towards UK net zero targets.
The solution has now been implemented following a successful trial between the two businesses.
Steve Hoy, CEO at Enosi, commented: “Combining Evolve’s deep market expertise, with our advanced matching technology gives consumers and generators a smarter, safer and more flexible way to trade clean energy.”
“This partnership shows the value waiting to be unlocked by matching clean energy in the UK market. Evolve Energy stood out as the right partner because they were already supporting their customers with matching services and have a strong track record of delivering innovative supply solutions. We were impressed with their appetite for innovation and motivation to leverage software technology to unlock unique savings opportunities for their customers.”
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