In the rapidly evolving sphere of energy markets, the maintenance of up-to-date energy trading and risk management (ETRM) systems in order to accommodate new products and trading opportunities is more critical than ever. In accordance with this imperative, KWA Analytics, a global cross-asset consultancy and technical services provider, has been recently honoured as the Technology Advisory Firm of the Year by Energy Risk.
Fred Reimer, Managing Director, Americas at KWA Analytics, underscores the heightened demand from clients for ETRM systems that incorporate renewables and certificates, as well as platforms that facilitate the rapid development and deployment of new solutions. In response to these demands, KWA Analytics has been assisting clients in evaluating systems for renewables and certificates, and customizing solutions to enable expedited market entry.
One notable project involved supporting the modernization programme of a major oil company, focusing on expanding its low-carbon, biogas, and biofuels business. The successful development of a fit-for-purpose, scalable platform to support the client’s growth strategy in the carbon offset business constituted a significant achievement. This project enabled the major to operate a global book with 24/7 trading, demonstrating the versatility and breadth of KWA Analytics’ services.
Furthermore, KWA Analytics played a pivotal role in replacing a legacy ETRM system for wholesale gas and retail power. Leveraging their expertise in technical initiatives concerning Kafka messaging and cloud-based deployment, as well as continuous integration/deployment processes, KWA Analytics ensured a seamless transition for their client.
Steve Parsons, Director of Technology at KWA Analytics, underscores the importance of a smooth and timely roll-out for any ETRM implementation. He emphasizes the firm’s packaged accelerator and interfacing tools that contribute to robust and efficient risk implementations, alongside a strengthened quantitative development team that has expedited client go-lives.
Considering growth, KWA Analytics has reported a 20% increase in its client base over the past year, alongside a 27% expansion in its global headcount, standing at nearly 250 staff members. Additionally, the firm has expanded its vendor network and strengthened existing relationships while maintaining its independence for advisory purposes.
With a focus on innovation and client-centric solutions, KWA Analytics has proven its expertise in delivering cutting-edge services in the energy trading and risk management space. As the demand for efficient, renewable energy solutions continues to escalate, the expertise and dedication of firms like KWA Analytics will assuredly play a pivotal role in shaping the future of the energy market.