Volue Company Profile

Background

Volue ASA, established in March 2020, is a Norwegian technology company headquartered in Oslo, Norway. The company specializes in providing software and technology solutions for the energy, power grid, water, and infrastructure sectors. With a mission to drive the green transition, Volue offers innovative solutions that optimize energy production, trading, distribution, and consumption, as well as infrastructure and construction projects. The company operates globally, serving over 2,200 customers across more than 40 countries.

Key Strategic Focus

Volue's strategic focus centers on enabling the green transition through digitalization and optimization of critical infrastructure. The company operates in three primary segments:

• Energy: Delivering solutions that facilitate end-to-end digitalization of the green energy value chain, including energy production planning, trading, and market services.

• Power Grid: Providing software solutions and consulting services that support the electrification of society by unlocking flexibility and enabling digital management of power grids.

• Infrastructure: Offering flexible capabilities for digital water management and automation of processes and machines in the construction industry.

By leveraging advanced technologies, Volue aims to create value from market volatility and support sustainable development.

Financials and Funding

As of the first half of 2024, Volue reported revenues of NOK 809 million, with a gross profit of NOK 691.4 million and a net income of NOK 38.7 million. The company's enterprise value was estimated at $6.1 billion. Volue is publicly listed on the Oslo Stock Exchange under the ticker symbol VOLUE.

Technological Platform and Innovation

Volue distinguishes itself through its proprietary technologies and innovative solutions, including:

• Energy Market Data & Forecasts: Providing fundamental and price forecasts for energy market participants.

• Energy Production Planning Software: Automating the entire value chain of power production planning and optimization.

• Energy Trading Software: Offering high-performance solutions for automated, short-term energy trading.

• Power Grid Software: Enabling real-time design, maintenance, analysis, and monitoring of power grids.

• Construction Software: Providing tools for efficient management of construction projects, ensuring efficiency with low risk.

These platforms leverage advanced technologies, including machine learning algorithms and real-time data analytics, to support the green transition.

Leadership Team

Volue's leadership team comprises experienced professionals dedicated to driving the company's mission:

• Trond Straume: Chief Executive Officer

• Arnstein Kjesbu: Chief Financial Officer and Strategy

• Ingeborg Gjærum: Chief Operating Officer

• Jörg Lienhardt: Chief Technology Officer

• Richard Schytte: Chief Commercial Officer

• Håvard Pedersen: Chief Delivery Officer

These leaders bring extensive experience in technology, finance, and operations, positioning Volue for continued growth and innovation.

Competitor Profile

Market Insights and Dynamics: The global energy and utilities software market is experiencing significant growth, driven by the increasing demand for renewable energy integration, grid modernization, and digital transformation. Volue operates in a competitive landscape with several key players offering similar solutions.

Competitor Analysis: Notable competitors include:

• Emerson: Holding a 29.64% market share in the energy and utilities vertical software category.

• PVSYST: Accounting for 17.23% of the market share.

• SAP IS-U: With a 12.20% market share.

Volue holds a 0.62% market share, ranking 17th in this category.

Strategic Collaborations and Partnerships

Volue has engaged in strategic collaborations to enhance its market position and innovation capacity. In May 2021, the company received a grant from Innovation Norway to reduce water waste using machine learning and real-time data. Additionally, Volue was identified as a key innovator by the European Commission under the Horizon 2020 funding program for developing an energy trading platform.

Operational Insights

Volue's strategic considerations include:

• Market Position: Leveraging its expertise in energy and infrastructure to capture a growing share of the digitalization market.

• Competitive Advantages: Offering end-to-end platforms and technology services that address the complexities of the green transition.

• International Expansion: Extending its reach beyond European markets, with initial services launched in Japan in 2022.

Strategic Opportunities and Future Directions

Volue's strategic roadmap includes:

• Growth Ambitions: Aiming to become a NOK 2 billion company with significantly increased margins by 2025.

• Innovation Focus: Continuing investments in Software-as-a-Service (SaaS) platforms to increase recurring revenues and service more customers.

• Global Expansion: Building on its presence in over 40 countries to further penetrate international markets.

Contact Information

• Website: www.volue.com

• LinkedIn: linkedin.com/company/volue

• Headquarters: Oslo, Norway