Merus Power selects Tieto’s Energy Management solution to drive growth in power trading services
Merus Power has selected Tieto’s Energy Management solution to strengthen its digital trading capabilities and support continued business growth. The new platform enables Merus Power to optimize battery and hybrid assets across electricity reserve and wholesale markets, helping customers maximize the value of their battery energy storage system (BESS), create new revenue opportunities, and contribute to a more flexible and sustainable energy system.
“Our goal is to offer tailored trading services for all markets, also supporting hybrid solutions and local flexibility. Tieto’s solution has a proven track record in the Finnish energy market and provides a reliable foundation for trading operations. We’re satisfied with solution development and excited about how it enables our strategic direction,” says Matti Uusipaasto, Head of Trading at Merus Power.
Tieto’s Energy Management solution provides a modern platform for managing battery energy storage assets, using AI and analytics to optimize participation in electricity markets. The solution enables aggregated storage capacity with Virtual Power Plant (VPP) to participate in power reserve and wholesale markets, unlocking additional value from battery energy storage systems.
“Our collaboration is built on a shared commitment to accelerating the green transition through innovative technology. Together with Merus Power, we are building a scalable digital foundation that enables intelligent energy management, supports new business opportunities for end customers, and helps maximize the value of battery energy storage and hybrid assets with multimarket optimization,” says Niko Jauhiainen, Head of Asset & Data Solutions, Energy & Utilities at Tieto.
Tieto is a leading software and digital engineering services company with global market reach and capabilities. We provide customers across different industries with mission-critical solutions through our specialized software businesses Tieto Caretech, Tieto Banktech and Tieto Indtech as well as Tieto Tech Consulting business. Our around 13 000 talented vertical software, design, cloud and AI experts are dedicated to empowering our customers to succeed and innovate with latest technology.
Tieto`s annual revenue is approximately EUR 2 billion. The company`s shares are listed on the NASDAQ exchange in Helsinki and Stockholm. www.tieto.com
For further information, please contact:
Tieto Newsdesk, news@tieto.com, tel. +358 40 570 4072
Jonna Kannosto, Director of Communications & Investor Relations, Merus Power
Jonna Kannosto
Director of Communications & Investor
Relations