Hitachi Europe has developed a software tool (HETO – Hitachi Energy Trading Optimizer) operating on the basis of self-learning algorithms, with which public utilities and energy companies can commercially optimize their trading and operation of production plants. The application, realized as a cloud solution, evaluates market and other relevant data in real time and converts them into specific recommendations for trading action in a form tailored to the specific interests of the customer. If desired, these recommendations can be executed completely automatically in the spot market of the EEX.
The Energy Trading Optimizer was tested and further developed in the course of many months of a development partnership with a well-known public utility. The application will be certified under ISO.
Over the last 1 ½ years GvW Graf von Westphalen provided comprehensive support to Hitachi Europe with an interdisciplinary team in the development of this innovative product and again demonstrated the firm’s competency in the areas of energy and digitalization. In addition to applications in the B2B field, the GvW team also supports clients in developing and introducing B2C energy products to the market as well as in the digitalization of electricity grids.
The GvW team for Hitachi Europe consists of Helmut Kempf (lead, focus area energy), Arnd Böken, Stefan Menzemer (both data protection, IT security), Dr. Patrick Wolff (regulatory), Dr. Dietrich Drömann (public procurement), Dr. Jochen Mulch (IP) and Dr. Maren Mönchmeyer (contract structuring).
Hitachi Europe Ltd. is active in 13 countries in Europe, Africa and the Middle East in the fields of semi-conductor performance systems, information systems, particle radiation therapy systems, digital media and consumer goods, industrial components and materials, procurement and purchasing as well as smart cities. The headquarters of the company is in Maidenhead, Great Britain.
Hitachi Europe Ltd. is part of Hitachi, Ltd. (TSE: 6501) with its headquarters in Tokyo. The Hitachi Group is a global leader in the field of social innovation and has approx. 335,000 employees worldwide. The Group offers solutions to its customers in many areas, including Power/Energy, Industry/Distribution/Water, Urban Development as well as Finance/Government & Public/Healthcare. Further information on Hitachi can be found at http://www.hitachi.com.