Brady plc (BRY.L), the leading global supplier of trading, risk management and settlement solutions to the energy, metals and soft commodity sectors, announced today that Norsk Hydro, a leading global supplier of aluminium and aluminium products, has gone live with the Brady Elviz ETRM Solution.
The Energy business area in Hydro will be using the Brady Elviz ETRM solution to manage its energy business, from trading and risk management right through monitoring portfolios, simulating scenarios, invoicing to reporting figures. Hydro is a major participant in the European Energy markets.
Hans Petter Larsen, Head of Business Solutions and Systems - in the business area Energy in Hydro - commented, "During implementation, we have developed a close relationship with the Brady team. It has been a cost effective implementation of a modern system which will support our current and future requirements in the European market. By using Elviz ETRM, we will benefit from a product which is being constantly developed for Brady's customers."
Gavin Lavelle, CEO of Brady, said, "This is an extremely significant signing for us. Hydro has been using our Elviz ETRM System on a much smaller scale for many years. Our company policy of continuous, ongoing development has led them to realise they can now use the system as their master and business critical system. Other customers will benefit from the new Invoice Manager and added Elviz ETRM functionality that comes out of this project."