TellusR Partners with Nord Pool to Enhance Operational Efficiency with AI Technology
TellusR, a leading provider of AI solutions, is proud to announce its collaboration with Nord Pool, Europe’s leading power exchange.
The partnership aims to look at ways to optimize Nord Pool’s operational procedures efficiency through the implementation of TellusR’s cutting-edge AI technology.
Full control of own data and gain valuable experience
TellusR is now developing a solution for Nord Pool that streamlines the operators’ access to procedural documentation. This project focuses on enhancing Nord Pool’s established high standards of quality and reliability in operating European power markets.
– This is a good example of how Nord Pool, a customer with extreme demands on quality and speed, can create a concrete and practical solution with TellusR’s AI search combined with generative AI, says Morten Krogh-Moe, CEO of TellusR.
– Generative AI is not a finished product that can be directly integrated into our systems. However, by using TellusR AI search and RAG, we can safely, precisely, and traceably explore how we might utilize the generative properties of AI, tailored to Nord Pool’s needs. This approach allows us to retain full control of our data within our ICT architecture and gain valuable experience for future projects, adds Christian Ringstad, CTO at Nord Pool.
(Photo: Christian Ringstad, CTO at Nord Pool)
About Nord Pool
Nord Pool is the world’s first power exchange and the world’s first multinational power exchange. 2023 marked 30 years of Nord Pool powering the market. Nord Pool is owned 66% by Euronext and 34% by TSO Holdings AS.
Nord Pool comprises a commercial power exchange function, Nord Pool, and a Market Coupling Operator function, Nord Pool European Market Coupling Operator. Starting as solely Norway-based under the name Statnett Marked, we pioneered cross-border power trading by establishing a Norwegian-Swedish power exchange in 1996, creating both the Nord Pool name and the first international power market.
Since that world first, we have continued to shape coupled power trading in Europe by providing a trusted and transparent marketplace. We have established our place as a driving force towards a single integrated European power market and as a global thought-leader in the field of physical power trading.
As a cornerstone of European energy cooperation, Nord Pool plays a crucial role in promoting competition, price transparency, efficient electricity markets and the increasingly important integration of renewables into the market. We greatly value the support we have had from customers, partners and other stakeholders for Nord Pool’s work over the years and into the future.
(Photo: Irene Zeier / Nord Pool)
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