Case Study: Statkraft (Europe’s largest renewable energy producer) achieves a modern ETRM platform and automated risk management with Murex MX.3

Murex equips Europe’s largest renewable energy producer

Statkraft, Europe’s largest renewable energy producer, was running an aging energy trading and risk management (ETRM) system from 2006 that could not capture increasingly complex origination deals, required manual workarounds and offline risk calculations (such as VaR), and depended on outdated components. After a formal selection process the company chose to stay with its existing vendor, Murex, and upgrade to the MX.3 platform to address functionality, supportability and long-term total cost of ownership.

Murex delivered an MX.3 upgrade implemented alongside Statkraft and systems integrator Sapient Global Markets, interfacing with 21 other systems and meeting a nine‑month, on‑time go‑live. The new Murex MX.3 platform now supports 170 users, manages about 600,000 trades a year, brings VaR and profit‑at‑risk into the ETRM, streamlines risk reporting, improves front‑ and back‑office workflows and delivers a modern, supported technology stack with a short payback as assessed by Statkraft.

Statkraft

Ronald Van Eldik

Senior VP Back Office