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The Structure Group, a software and business company providing solutions for the deregulated energy industry is to offer its nMarket business solution to energy companies in Europe. The company said its primary focus in the next 12 months will be on the energy markets of Italy, Spain, Holland and the UK.
According to Jim Hayward, Structure's principal for Europe, the company will be looking at the Irish market in the future. However, the slow pace of deregulation in the Irish energy market means that it unlikely to be an immediate priority for the Structure Group. "We have targeted our services at markets where there is strong competition and market liquidity," commented Hayward.
According to The Structure Group, nMarket provides e-business capabilities to generation companies, energy marketers and retail companies. This solution, according to the company, allows its clients to streamline trading, asset management, settlement and information management activities, and integrates these processes through a single product. Introduced by Structure last year, it currently supports seven North American markets. By the end of this year, the company expects it will be installed in more than 30 energy traders in North America.
Structure began its European operation in the last quarter of 2000 following requests from several of its multi-national clients. "With varying rules, processes, technologies and vendors in each market, the prospect of tackling multiple emerging markets is a daunting one for our clients," commented Hayward. "However, nMarket was developed to address this exact problem and with the company's experience in the US it was logical to extend our offering to deregulated markets in Europe."
Structure's European client list includes Reliant Energy, Williams Energy Marketing and Trading, and Scottish Power. It has also helped companies prepare and participate in the German, Dutch, UK and other European markets for power and gas.
Founded in 1998, the company has offices in England, Houston, Sacramento and San Francisco. It employs over 200 people.
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