Swedish energy company Vattenfall has purchased the Dutch energy software services company Senfal for an undisclosed fee.
Senfal is a start-up company that offers software services to industrial customers, wind and solar farms as well as battery owners.
Vattenfall European wholesale customer business head Erik Suichies said: “Senfal has gained a wealth of experience and shows innovative thinking in automated demand response and robotic power trading.
“Adding their competence and solutions will strengthen Vattenfall’s position of being the preferred energy supplier for industrial customers and renewable operators in Northwestern Europe.”
With the acquisition Vattenfall has further expanded its services for industry demand-side flexibility and renewable generation optimisation.
Based in Amsterdam, Senfal has developed a trading technology that is based on algorithms using artificial intelligence (AI). The technology helps wind farm operators and large industrials in optimal utilisation of their assets.
Senfal anticipates that the deal would provide the required financial backing as well as help the company speed up the development of its technology.
The company will continue with its current team and operate as an independent business entity.
Senfal managing director Sander ten Kate said: “Partnering with Vattenfall enables Senfal to scale our technology to a very large customer base, thereby creating the desired impact. This is a very logical next step for our company.”