International law firm Gowling WLG's Energy and Technology specialists have advised client SmartestEnergy on the adoption of Origami Energy's flexible energy management technology platform.
In a strategic move, SmartestEnergy - the UK's leading purchaser of independent energy generation and a supplier of 100% certified renewable electricity - has chosen the platform to manage its customers' distributed energy assets and consumption.
The landmark collaboration with Origami Energy extends SmartestEnergy's ability to provide a range of flexibility services to the market place. The agreement will allow the company to offer real-time, dynamic energy management services to help its customers unlock the rapidly increasing value of the flexibility they have in their consumption and generation of electricity.
Speaking following completion of the deal, SmartestEnergy Chief Executive Officer Robert Groves said: "With the increasing market volatility caused by the transition from hydrocarbon to renewable generation, there is real value for our customers who can consume or generate their electricity flexibly. Origami Energy's technology platform enables us to manage our customers' flexibility in real-time, and by using our proven commercial expertise and experience we'll create additional value from the wholesale energy markets."
Gowling WLG Head of Energy Derek Goodban, said: "The use of innovative technology to optimise the flexibility of generation and demand assets is becoming an increasing feature of the market. Working closely with their expert team, we are delighted to have been able to combine our deep energy and technology expertise to support SmartestEnergy in successfully concluding its strategic arrangement with Origami Energy."
Dave Cockshott, Chief Commercial Officer at SmartestEnergy, added: "Tomorrow's future energy markets are rapidly becoming today's reality where energy, technology and flexibility work together seamlessly. Our partnership with Origami is the foundation for this new era. The commercial and legal expertise provided by the team from Gowling WLG helped turn theory into reality."
The Gowling WLG team included energy specialists Derek Goodban and James Stanier and technology specialists Sally Mewies and Richard Smith.
International law firm Gowling WLG's multi-disciplinary Energy team has a first-class reputation and operates seamlessly around the globe, advising governments, regulators, project developers, funders, energy suppliers and traders and technology providers among others.