Oberdorf/Vienna, October 24, 2023
HYDROGRID, the digitalization pioneer based in Vienna, is pleased to announce a software collaboration with the Kantonalen Elektrizitätswerk Nidwalden (EWN) in Switzerland. HYDROGRID’s innovative technology will assist EWN in the optimal planning and optimization of their hydropower plants in daily operations.
Through the partnership with HYDROGRID, the optimal positioning of EWN’s entire portfolio in the rapidly changing Swiss electricity markets will be ensured. This includes all 8 hydropower plants, featuring both multi-stage storage chains and run-of-the-river hydropower plants owned by EWN. The use of the unique real-time solution “HYDROGRID Insight” allows EWN to digitize and streamline its forecasting processes, strengthening its sustainable energy generation and desired digitization efforts.
Roman Schilter, Project Manager of EWN Production, emphasizes the significance of this collaboration: “After comprehensive evaluation, we chose HYDROGRID Insight, an optimization solution that seamlessly integrates into our existing IT landscape and enables optimal hydrological and market-based management of our portfolio. This partnership aligns with our mission to fully exploit the potential of our hydropower, ensuring the secure, economical, and sustainable energy supply to the customers of Nidwalden.”
Janice Goodenough, CEO of HYDROGRID, on the collaboration with EWN: “We are very excited about the close collaboration with EWN, through which we jointly support innovation and growth in Swiss hydropower, thereby promoting the expansion of sustainable energy generation in the canton of Nidwalden. This strategic partnership with HYDROGRID exemplifies EWN’s commitment to leveraging innovative solutions to maximize renewable energy production.”
EWN is a locally rooted energy provider in Nidwalden, Switzerland, offering a wide and comprehensive range of energy services from the production and distribution of electrical energy to future-oriented topics such as electromobility, photovoltaics, contracting, as well as heat and cooling solutions. Customer needs drive EWN and serve as the catalyst for the development of innovative, sustainable, and future-oriented energy solutions – today and tomorrow. With an eye on future generations, EWN takes care of the environment and actively contributes to nurturing young talents for a successful energy future. EWN stands as a guarantor for transparency, trust, sustainability, and safety – towards employees and customers.
Visit EWN online at www.ewn.ch
Founded in Vienna in 2016, the company was awarded the State Prize for Digitization in 2019 for its groundbreaking technology and currently supports hydropower operators in 7 countries worldwide in the complete digitization of their processes. The production planning solution, HYDROGRID Insight, combines powerful machine learning algorithms for inflow and electricity price forecasts with intelligent short-, medium-, and long-term optimization for run-of-the-river, storage, and cascade hydropower – all in an integrated and fully automatic software package. This enables hydropower plant operators to respond in real-time to weather events, minimize water losses, and maximize their electricity market revenues automatically while ensuring environmental and operational safety as well as compliance with regulations. The company is dedicated to promoting sustainable practices in hydropower production worldwide.