KWI and Sapient team to offer energy risk management

Sarfraz Thind
15 Nov 2001

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The partnership will focus on delievering systems to energy companies that want closer integration between the trading markets and their business operations. The two firms have already secured their first joint project, the implementation of KWI's Kw3000 risk management system at Dutch utility, Essent.

"The energy market is changing fast and there is a growing demand for sophisticated trading and risk management systems to be implemented quickly," said Paul McGolpin, Sapient's vice-president of European energy services, who added that the pair are keen to attract large European energy companies.

David Bucknall, chief executive officer of KWI, believes the partnership would enable KWI to tap the growing demand for profit through volatility systems.

KWI's trading and risk technology products, are used by more than 70 energy companies around the world.

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