Pavia e Ansaldo advised Powel AS on the deal.
Italian energy giant Enel buys software from Powel to increase the revenues from power generation. Powel is the largest software company within industrial IT in Norway and has expanded its business in the European energy sector strongly during the last decade.
With an annual production of 250 TWh, Enel is one of the largest energy companies in the world. The Italian energy company has 73 million end users around the world and an annual revenue of 75,7 billion euros.
Powel is a leading provider of software solutions for forecasting, optimisation, production planning, energy trading and scheduling in Europe and is owned by the industrial investment company, Arendal Fossekompani. Powel’s portfolio currently includes major clients such as Axpo, E.ON, Fortum, Luminus, RWE, Statkraft, Uniper, and Vattenfall.
The Enel contract is an important milestone for Powel. Powel will provide software to forecast and optimise Enel’s power generation in Italy, both hydropower and thermal power generation, as well as wind power, solar power, and batteries in the different Italian power markets.
Pavia e Ansaldo advised Powel AS on the deal with a team led by Partner Sven von Mensenkampff (Picture) and Senior Associate Laura Zanin.
Law Firms: Pavia Ansaldo;
Clients: Powel AS;