Energy industry software provider Arenko has signed a framework agreement with RWE Supply and Trading, allowing RWE to use Arenko’s Nimbus Trade platform for its solar energy projects.
Nimbus Trade will initially be rolled out across three RWE solar and storage projects currently under construction. The three projects that will use the Nimbus Trade platform for the first time have a combined capacity of 165MW of solar generation and 55MW/110MWh of storage. Two of these three projects will go live in early 2025.
As part of the agreement, Arenko will integrate RWE’s internal trading algorithms and trading capabilities into the Nimbus Trade product. This will provide RWE’s trading desk – which currently trades around 17.5% of UK electricity – with a new and advanced range of automated trading capabilities.
The Nimbus software platform allows battery developers and asset owners to monitor and track the performance of a battery within a project, allowing them to check the status of the technology and optimize projects effectively.
Rupert Newland, founder and CEO of Arenko, said: “We look forward to building this relationship. The three initial DC-coupled solar projects are among the most advanced, large-scale joint projects in the world and we can’t wait to go live early in the new year.”
He added: “RWE is a major new software customer for Arenko and we are pleased to be able to play our part in helping them achieve their ambitious goals. Developing enterprise-grade software for world-leading customers, such as RWE, is core to achieving Arenko’s mission and vision”
Another success for Arenko
The news comes just over a week after Arenko revealed it Solar energy portal that its Nimbus software would be implemented into the Gore Street Energy Storage Fund’s portfolio of battery energy storage systems (BESS).
Under this deal, 18 grid-scale BESS projects, with a total capacity of just under 500 MW, will be brought onto the AI-enabled Nimbus platform over the next six months. The first of these assets are expected to be fully integrated into the platform within a few weeks of the deal closing.
RWE has also had a successful month. On October 1, the company announced it had broken ground on 200 MW of solar energy and launched a new Solar Developers Charter outlining its commitment to being a positive force in the communities where solar develops energy projects.