Skipping Stone and Hitachi Energy Form Partnership for ETRM Software and Implementation Services in Japan

Skipping Stone, a global energy markets consulting and technology services firm, and Hitachi Energy, a global energy technology leader, have announced a partnership focused on providing risk management systems and implementation services to Japan power and LNG market participants. 

Hitachi Energy is finalizing modifications of TRMTracker to fit Japan markets. TRMTracker is Hitachi Energy's next-generation ETRM software, currently utilized globally by trading companies, generators, retail companies, and utilities in competitive gas and power markets. Under the partnership, Skipping Stone will assist Hitachi Energy with customer acquisition support in Japan and provide TRMTracker implementation services, either with Hitachi Energy or directly to customers. 

"As the Japan wholesale and retail markets have matured and become more complex, the need for risk management and an ETRM solution has grown dramatically over the past two years," said Skipping Stone Chairman and CEO Peter Weigand. 

"We have explored many ETRM solutions in use around the globe to bring to the Japan market and have found the vendors reluctant to invest the time and money into modifying their solution to meet the needs of the Japan marketplace," continued Weigand. "Unlike the other vendors, Hitachi Energy understands the Japan energy markets and is the perfect fit to provide Japanese clients its excellent solution, TRMTracker. We are honored to be their partner and to provide complementary services."

"Energy companies in Japan will need to be agile in order to meet and respond to the rapidly changing competitive conditions of their maturing wholesale power market and the advancement of renewable energy into the mix." said Noriyoshi Nakao, Country Managing Director, Hitachi Energy Japan Ltd. "We look forward to working with Skipping Stone to grow our support for customers looking to track positions, manage their risk in real-time and trade opportunistically in this dynamic environment."

Skipping Stone | https://skippingstone.com

Hitachi Energy | https://www.hitachi.com/products/energy/portal/index.html