Case Study: Fortum achieves 15-minute reserve market readiness with Futurice

Fortum enables 15-minute reserve bidding with Futurice

Fortum, a prominent energy company and Balancing Service Provider in the Nordics, faced the dual challenge of adapting to the new Nordic Balancing Model and transitioning its grid balancing operations from an hourly to a 15-minute resolution. Partnering with Futurice, the company needed to develop a future-ready solution to manage this increased complexity and automation without compromising its critical role in ensuring grid stability.

Futurice implemented a multi-market bidding solution that embedded smart constraints and logic checks to prevent errors and simplify complex trading tasks. The result was a strategic asset that empowered Fortum's traders, avoided a quadrupling of manual work, and ensured a smooth transition to the new 15-minute market. This allowed Fortum to not only maintain its position but also turn regulatory compliance into a competitive advantage, strengthening its role in securing Nordic grid stability.

Fortum