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Vattenfall acquires Dutch energy software services startup

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Vattenfall acquires Dutch energy software services startup

Swedish electric utility Vattenfall AB has acquired Dutch energy software services startup company Senfal for an undisclosed sum.

"Adding [Senfal] competence and solutions will strengthen Vattenfall's position of being the preferred energy supplier for industrial customers and renewable operators in Northwestern Europe," Erik Suichies, head of Vattenfall's European wholesale customer business, said in a March 19 release.

Senfal's automated demand response service is able to reduce power bills for large industrial customers and improve power trading profits for wind and solar projects and battery consumers, according to the news release.