Virtimo AG becomes central digitalization partner of oekostrom AG

Successful connection of oekostrom AG to the stock exchange through digitalization platform based on the Virtimo Digitalization Cloud

Berlin, 07/29/2024 | With the aim of automating and modernizing processes, Virtimo AG will support oekostrom AG in the future as a central service provider for all aspects of digital transformation. Following the successful connection of solutions for virtual power plants and forecasting, the recent successful exchange connection of oekostrom AG by the digitalization platform represents a further milestone in the company's collaboration. The solutions implemented are based on the Virtimo Digitalization Cloud for application development, which includes the low-code platform IGUASU as an integration layer and the BPC [Business Process Center] as a central portal for specialist users.

Since the go-live of the exchange connection, the current volume data for participation in the day-ahead auctions of the EXAA electricity exchange for the Austrian and German markets can be sent automatically following internal trader approval. Despite the complexity caused by high security and authentication requirements and the interaction with portfolio management, the solution was implemented in a very short time. The Virtimo Digitalization Cloud uses low-code principles and therefore significantly accelerates the speed of development cycles. Its flexibility also enables oekostrom AG to react quickly to changes in the future and quickly establish new, innovative business ideas. The connection of the EXAA electricity exchange is already the third milestone in the cooperation between oekostrom AG and Virtimo AG.

In the holistic management of ecological power plants, initial applications have successfully implemented the central provision of actual generation values from the virtual power plant solution and, based on this, the distribution of these values to create continuous intraday forecasts. The use of the Virtimo Digitalization Cloud makes it possible to automate and orchestrate previously manual or partially automated processes and make them traceable. As a result, oekostrom AG benefits from considerable increases in efficiency with a significant reduction in administrative costs. In addition, the automation of processes reduces the risk of incorrect manual intervention.

Martin Büscher, Head of Business Development at Virtimo AG and project manager for oekostrom AG, emphasizes: “We are proud to support oekostrom AG on its path to greater efficiency, speed and sustainability with our expertise and innovative solutions. With the Virtimo Digitalization Cloud, we can provide oekostrom AG with a stable platform with high availability that ensures the smooth running of its business processes. Together, we are giving the digital transformation a real boost and securing oekostrom AG's strong growth in the long term.”

“oekostrom AG has made its trading activities more transparent and efficient through a comprehensive digitalization process. Thanks to the collaboration with Virtimo, energy trading transactions can be processed automatically on the exchange. By monitoring real-time data from a large number of communication interfaces in the trading processes, we have greatly improved operational reliability and efficiency, which makes oekostrom AG even more competitive,” says Georg Lettner, oekostrom AG.

Janine Flohr
Marketing + Corporate Communications

VIRTIMO AG Behrenstraße 18 | 10117 Berlin
Phone: +49 30 555 744 00 | Mobile: +49 151 628 341 58
janine.flohr@virtimo.de

About oekostrom AG
For 25 years, oekostrom AG has been driving the transition to a clean energy future as a pioneer. Founded in 1999 as a result of the anti-nuclear and environmental protection movement, oekostrom AG is now the largest independent energy service provider in Austria with over 3,100 shareholders. oekostrom AG supplies 100% clean electricity from wind, sun and water. The electricity comes from Austrian power plants, from more than 2,000 solar energy systems owned by customers and from our own wind turbines. oekostrom AG is committed to a transparent, fair and partnership-based clean energy supply in Austria.

About Virtimo AG
Virtimo is a software manufacturer and IT consulting company based in Berlin. Founded in 2010, the company now consists of around 120 experts working in the areas of digital transformation, process automation, system integration, cloud services and solutions, as well as the design and implementation of specialized IT solutions. Virtimo pays particular attention to IT security, which is an integral part of all topics and processes. While the industry focus is on the energy sector, Virtimo also services clients in the automotive, technology, insurance and retail sectors. More at virtimo.de

This release was published on openPR.