North East energy data firm continues expansion internationally

A North East data monitoring firm is expanding into Europe with a new office in the Netherlands.

Stockton-on-Tees based EnAppSys has opened a base in Terneuzen in preparation for a European product roll out.

The move is part of an ambitious strategy by the firm to grow its presence – expanding coverage across Belgium, France, Spain, Portugal and Germany initially – as part of a move towards providing pan-European services.

EnAppSys will launch the first official version of its European product at the international E-World trade fair in February 2019. The product will provide access to market data and visualisations for traders across markets in Europe, allowing them to maximise their trading opportunities and improve their understanding of European energy markets.

EnAppSys is also hoping to move to a larger head office in Stockton-On-Tees in the coming months, having outgrown its current premises.

Jean-Paul Harreman, director of EnAppSys BV, the European subsidiary of EnAppSys, said: “In recent times, we’ve expanded our offering to provide more services within mainland Europe.

“We expect the Netherlands, Belgium and France to be key growth markets for us and we’re also focused on the potential of new markets such as Spain and Germany.

“The European energy market is increasingly becoming more integrated. Countries are moving towards streamlined trading models that allow for more accurate forecasting and greater transparency on wholesale energy pricing.

“Essentially, more energy is being transported from one country to another so it’s a natural progression for us to focus our efforts across different European markets.”