HVAC Breaking News

Excelergy And Algorithmics Combine For Advanced Energy Trading And Risk Management System

February 14, 2002
/ Print / Reprints /
/ Text Size+
LEXINGTON, MA and TORONTO, ON, Canada — Excelergy Corp., a provider of software products for the energy industry, and Algorithmics Inc., a provider of enterprise risk management software, have announced a strategic alliance that will deliver an advanced energy trading and risk management system to energy traders and generators.

“Algorithmics is known in the financial and energy industries for its risk management expertise and accuracy. Excelergy is known for its energy sector expertise in automating vital business processes like trading, scheduling, and settlement. Together, our best-of-breed products will present energy companies with a single view of risk across their entire enterprise, which will enable traders and generators to make the best decisions possible,” said Michael Zerbs, chief operating officer of Algorithmics.

Excelergy will integrate its Excelergy Energy Trading™ product, which provides straight-through processing of trading, scheduling, and settlement business processes, with Algorithmics’ Algo Energy™, which delivers physical and financial risk management from modeling market, credit, and liquidity risk to generating forecasts, analysis, decision support, and reporting.

“Together, our products will provide an unprecedented enterprise view of risk, encompassing not only market and counterparty volatility, but also visibility into physical assets and retail portfolios,” said Bill Mahoney, Excelergy’s president and chief executive officer. “We feel this is a rock-solid alliance, one from which our current and future wholesale clients will benefit tremendously.”

Publication date: 02/11/2002

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Greg Mazurkiewicz

You must login or register in order to post a comment.



Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts



NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con