Volue – Strategic Power Grid deal with a dominant, undisclosed Danish power distributor

31 Mar 2023 07:00 CEST

Volue continues to strengthen its presence in the Nordic Power Grid market
following the signing of a strategic deal with one of the most influential
Distribution System Operators (DSOs) in Denmark. The deal follows a large
European wide tender process where Volue was selected as the preferred provider.


Trond Straume, Volue CEO, Comments, “At our publication of results for the
fourth quarter of 2022 we highlighted a contract with a major Norwegian utility.
We pointed to the deal as being a testament to Volue’s capabilities and an
important steppingstone for similar contracts both in the Nordics and
continental Europe. That is exactly what today’s deal is and we are delighted to
further validate our Nordic Power Grid presence as well as bring increased
support for our ambitions in continental Europe.”

“Volue has defined how future grids should be operated and consequently what
modular SaaS solutions DSOs will need to accelerate the energy transition with
more efficient work-processes. This strategy is what both the Norwegian and
Danish DSOs have signed up to, and validates our plan for European growth,” said
Stein Petter Agersborg, Senior Vice President, Power Grid at Volue.

Straume continues, “The deal is of a significant size for the Power Grid
segment, going over ten years and holds about 60% ARR – of which about half is
SaaS. In this respect, the deal is an important step in Volue’s ongoing SaaS
transformation. The end-goal for the customer is to improve day-to-day
operations, increase efficiency and ultimately be able to handle more
intermittent renewable energy on the grid and enable the green transition. The
deal collectively underpins both the client and Volue’s commitment to facilitate
the electrification of Europe.”

For further information, please contact:

Arnstein Kjesbu, CFO, Volue, +47 970 47 699, Arnstein.kjesbu@volue.com
Jacob Zeno Clausen Krøvel, Head of IR, Volue +47 484 03 225,
Jacob.krovel@volue.com

About Volue

Volue is a market leader in technologies and services that power the green
transition. Based on 50 years of experience, Volue provides innovative
solutions, systems and insights to industries critical to society. Over 770
employees work with around 2,500 customers across energy, power grid, water and
infrastructure projects that ensure a sustainable, flexible and reliable future.
The company is headquartered in Oslo, Norway and active in 40+ countries. Visit
volue.com for more information.

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