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Welcome to the blog

Hugo Birkelund
Archived blog post. This blog post has been transferred from our previous blogging platform. Links and images may not work as intended.

Welcome to Energy Quantified's blog. By now 7 very busy weeks have passed since we started out on the 1st of September 2017. We thought it was time to shed some light on how things are developing.

But first, an invitation

I invite you to share your experience and expectations on a perfect service. What should we include? What is poorly covered today? Features you miss. Not every possible wish can be accommodated. However, making your voice heard, you will make a difference, and potentially guide EQ closer to what you would prefer.

Progress

Compared to our expectations the projects have moved on much better than we planned for. In short, we have made a remarkable progress.

That said, we started out with unpacking our computers and plugging in our screens. And then you need Internet, WiFi etc.

Montel, our investor, has proved a fantastic office-haven. Lots of amazingly talented people and a relaxed working environment. A big thank to our new office colleagues at Montel.

The first steps

Starting out a new platform entail setting up a lot. The good thing is that we have no technical legacy, and hence can freely employ the best available technology and practices in all steps. Further, and as planned, a whole array of advanced new tools and support systems has developed since last time we did this. This makes it simpler, more efficient and also secures you better functionality in the end product.

So where are we now?

A large chunk of the needed infrastructure is up and running. The scheduling engine is coming along as I write this. Model-wise we aim to be better, or at worst, on par with the system we know from past experience. Ensuring this we have e.g. maxed out available stations for consumption. The preliminary testing of some few fundamentals models is outperforming anything we previously know. Things are looking good! But still a lot of work before we can put anything of this in production and testing for customers.

Layout and scope

We have also started to tune the layout and scope of the service. Meaning, the concrete content and layout of the reports you will see. For obvious reasons, I have to refrain from revealing details in this here.

However, we have started to interviewing users on what they would like to have covered and desired features. As indicated initially please drop me a line if you have input for us. Please also indicate if it is ok for me to get back to you for a 10-15 minutes phone chat on this.

More from the Blog

Norway-South: Low reservoir filling, will prices increase further?

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Eylert Ellefsen

The water reservoir filling levels in Norway-South (price zones NO1+NO2+NO5) are heading towards an all-time low at around 15% of capacity this spring (the long-term normal is about 33%). In real terms, the current level is about 10 TWh lower than usually expected.

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German wind power reaches all-time highs in February, reducing spot prices by 50 €/MWh

Eylert Ellefsen
Eylert Ellefsen

Spot prices In Germany came during February out significantly lower than being traded at the end of January. Declining fuel prices towards the end of the month contributed somewhat, but the main reason for lower spot prices was the very strong wind power. EQ has studied the power balance, wind power, and spot price development for February to find how these market factors have come out.

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As Spanish hydropower comes close to an all-time low, will we see a recovery during Q2?

Eylert Ellefsen
Eylert Ellefsen

Across the Iberian Peninsula, hydropower production levels have been extremely low since the New Year. With precipitation levels reaching 40-year lows, hydro production has dived well below normal levels, whilst the hydrological balance has reached a deficit of nearly -10 TWh for Spain. This accounts for around 30% of an average yearly production level.

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