Optimeering
Optimeering AS is a Norwegian AI/ML software company that provides real-time forecasting and automation tools for Nordic same-day power market operations, serving transmission system operators, energy traders, and asset owners with imbalance price and reserve capacity predictions.
- Company typePrivate
- Founded2019
- HeadquartersOslo, Norway
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Optimeering does
Optimeering AS is a Norwegian software company founded in 2019 and headquartered in Oslo that builds AI/ML-based forecasting tools for same-day power market operations. The company processes publicly available weather, TSO, and exchange data through model ensembles to produce real-time predictions of power market imbalance prices and reserve capacity markets (aFRR and mFRR), with customers covering over 80 TWh of market activity. Optimeering's anchor role is with the Nordic TSOs, for whom it built and maintains the pricing and clearing algorithms for all Nordic reserve capacity markets (FCR, aFRR, mFRR) as part of the Nordic Balancing Model implementation.
The company's core technology stack combines proprietary AI/ML model ensembles, a domain-specific feature engineering pipeline, and a prediction versioning system using semantic MAJOR.MINOR.PATCH versioning. Notable proprietary assets include the Impala near-term imbalance forecasting system and pricing and clearing algorithms maintained for Nordic TSOs. Distribution is API-first via REST endpoints, with a Python SDK (optimeering package) and Excel/Power Query integrations targeting enterprise power traders and mid-market asset owners.
Optimeering monetizes its forecasting and automation software through subscription-based API access. On February 9, 2026, the company was acquired by Volue, a leader in electrification software, becoming a subsidiary that combines Optimeering's forecasting intelligence with Volue's automated trading engine to deliver a unified solution for ancillary market participants. Prior to the acquisition, Optimeering had received funding from Farvatn Venture in July 2022.
Optimeering firmographics
Firmographics- Name
- Optimeering
- Legal name
- Optimeering AS
- Website
- https://www.optimeering.com/
- Company type
- Private
- Founded year
- 2019
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Optimeering AS is a Norwegian AI/ML software company that provides real-time forecasting and automation tools for Nordic same-day power market operations, serving transmission system operators, energy traders, and asset owners with imbalance price and reserve capacity predictions.
- Ownership category
- akta.pro rank
Optimeering industry classification
Industry- Product category
- Power Market Forecasting Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Demand Response & Dynamic Pricing Enablement (AMI-Enabled) (EUADAFAI)
- akta.pro secondary industry
- Model Training & Hyperparameter Optimization (HDAAABAE)
Keywords
Where Optimeering is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Optimeering business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Subscriptions and API Access: Optimeering provides its forecasting and automation software through API access, Python SDK, and Excel/Power Query integrations. The revenue model is software-based, providing market players with real-time forecasting data and predictions for imbalance prices and capacity markets.
- Combined Solution with Volue: Following acquisition by Volue in February 2026, the combined company creates a unified solution that converts market insights directly into optimized bids and rapid activation handling, serving ancillary market participants.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Optimeering product offering
Product offeringCore offering
Optimeering provides real-time AI/ML-based forecasting and automation software for same-day power market operations. The platform delivers imbalance price forecasts, aFRR and mFRR capacity market forecasts, and maintains Nordic reserve capacity market (FCR, aFRR, mFRR) pricing and clearing algorithms originally co-developed with Nordic TSOs. Customers access predictions via REST API, Python SDK, or Excel/Power Query integrations.
Product overview
Optimeering provides real-time forecasting and automation software for same-day power market operations. The core offering consists of the Impala forecasting system (built for Nordic TSOs), the Imbalance Price Forecast tool, and the aFRR & mFRR Capacity Market Forecast tool. The company also maintains the Nordic reserve capacity market clearing algorithms. These products work together to help market players manage imbalances, optimize asset flexibility, and coordinate bidding across energy and reserve capacity markets. Developer access is provided via the Optimeering Python SDK and a public REST API.
Differentiator
Problem solved
Functional benefit
Products and services
- Impala Near-term imbalance forecasting system built for Nordic TSOs as part of the new Nordic Balancing Model. Provides real-time predictions of power market imbalances to help market players manage imbalance volumes and reduce exposure to unexpected price movements.
- Imbalance Price Forecast Real-time AI/ML forecasting tool providing accurate predictions of power market imbalance prices. Enables market players to anticipate fluctuations, manage imbalance volumes at lower cost, and adjust their trading strategies accordingly.
- aFRR & mFRR Capacity Market Forecast Forecasting tool helping market players make informed decisions in capacity planning and auction participation for the automatic Frequency Restoration Reserve (aFRR) and manual Frequency Restoration Reserve (mFRR) markets. Optimizes trading strategies and supports realistic bidding expectations.
- Nordic Reserve Capacity Market Clearing Algorithms Pricing and clearing algorithms built and maintained for all Nordic reserve capacity markets (FCR, aFRR, mFRR). Developed in collaboration with Nordic TSOs as part of the Nordic Balancing Model implementation.
Quantifiable outcome
- Over 80 TWh of market activity utilizing their forecasts
Companies that use Optimeering
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles3 records
Optimeering technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature7 records
Optimeering partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- VoluecoreVolue, a leader in electrification software, acquired Optimeering on February 9, 2026. The acquisition combines Optimeering's forecasting intelligence with Volue's automated trading engine to create a unified solution that converts market insights directly into optimized bids and rapid activation handling for short-term power markets.
- Nordic TSOs (Transmission System Operators)coreOptimeering has been working with Nordic TSOs on implementing the Nordic Balancing Model. The company built and maintains pricing and clearing algorithms for all Nordic reserve capacity markets (FCR, aFRR, mFRR) as part of this collaboration.
Scale indicators2 records
Optimeering competitors and assessment
Company assessmentBroad incumbents
- KISTERS: KISTERS provides energy data management, forecasting, and trading software for utilities and TSOs across Europe. It overlaps with Optimeering on TSO-facing balancing/reserve capacity tooling and energy market analytics.
- Volue: Volue is Optimeering's acquirer and a leading electrification software vendor offering power market trading, portfolio optimization, and grid analytics across the Nordics. It is a broad incumbent that now bundles Optimeering's forecasting into its automated trading suite.
- AFRY (formerly Pöyry): AFRY combines energy consulting with software tools for power market modeling, forecasting, and asset optimization. It is a broad incumbent overlapping with Optimeering on European power market modeling and imbalance analysis.
- Hitachi Energy: Hitachi Energy offers enterprise-grade grid management, energy market management systems, and ancillary services software used by European TSOs. It competes with Optimeering in TSO-facing balancing and reserve market solutions at a much larger scale.
- IBM Environmental Intelligence Suite: IBM's Environmental Intelligence Suite offers weather-driven renewable and energy load forecasting used by utilities and traders globally. It is a broad incumbent with overlapping AI-based forecasting capabilities that compete at the high end of Optimeering's market.
Direct peers
- Energy Quantified: Energy Quantified provides independent European power-market analytics and forecasts (prices, fundamentals, hydro, wind). It is the closest direct competitor to Optimeering, serving traders and utilities with subscription forecasting data across Nordic and continental European markets.
Emerging players
- Pexapark: Pexapark provides European renewable energy market intelligence and PPA price benchmarks for wind, solar, and battery assets. It is an emerging player addressing overlapping European energy price forecasting needs for renewables-driven trading desks.
- REsurety: REsurety delivers analytics for renewable energy risk, valuation, and market forecasting, primarily in North America. It is an emerging player with comparable asset-flexibility and renewable-forecast analytics used by power market participants.
- Enverid (energy market analytics): Enverid-like vendors provide short-term power load and price forecasting for utilities and traders. Comparable emerging analytics providers address similar imbalance and price-forecasting use cases Optimeering solves for Nordic market participants.
Regional players
- Energiesysteme (Energy Data & Forecasting vendors): Energiesysteme and similar DACH-focused vendors provide regional European power market forecasting and balancing energy tools. They are regional players addressing the same forecasting and imbalance use cases that Optimeering serves, but focused on German/central European bidding zones.
Market position
Strengths5 records
Weaknesses5 records
Key risks6 records
Key highlights7 records
Customer concentration
Optimeering social profiles
Digital presenceOptimeering financial estimates
Financial estimateRevenue estimate
Valuation estimate
Optimeering leadership team
Management profileNumber of profiles
Optimeering funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Optimeering M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Optimeering
What does Optimeering do?
Optimeering provides real-time AI/ML-based forecasting and automation software for same-day power market operations. The platform delivers imbalance price forecasts, aFRR and mFRR capacity market forecasts, and maintains Nordic reserve capacity market (FCR, aFRR, mFRR) pricing and clearing algorithms originally co-developed with Nordic TSOs. Customers access predictions via REST API, Python SDK, or Excel/Power Query integrations.
Is Optimeering a public or private company?
Optimeering is a private company. It is classified as corporate owned and is currently acquired.
When was Optimeering founded?
Optimeering was founded in 2019. It employs 1 to 10 people.
Where is Optimeering based?
Optimeering is headquartered in Oslo, Norway, in the Europe region.
How does Optimeering make money?
Two revenue lines are on record. Software Subscriptions and API Access are the primary driver. The others are combined Solution with Volue.
Who are Optimeering's main competitors?
Broad incumbents on record are KISTERS, Volue, AFRY (formerly Pöyry), Hitachi Energy and IBM Environmental Intelligence Suite. Energy Quantified is listed as a direct peer. Emerging players are Pexapark, REsurety and Enverid (energy market analytics). Energiesysteme (Energy Data & Forecasting vendors) is listed as a regional player.
Does Optimeering have an API?
Yes. Optimeering provides a public REST API for accessing prediction data including imbalance prices, aFRR and mFRR capacity market forecasts, and market insights. The API supports OAuth authentication (via Azure AD) and API Key authentication. Available endpoints include prediction series retrieval, prediction versioning, and access key management. Key endpoints: /predictions/retrieve, /predictions/retrieve_versioned, /predictions/latest, /api/access/apikey/create. Developer documentation is at app.optimeering.com/api/docs.
What industry is Optimeering in?
Optimeering's product category is Power Market Forecasting Software. Its primary akta.pro industry code is EUADAFAI, Demand Response & Dynamic Pricing Enablement (AMI-Enabled), with a secondary code of HDAAABAE, Model Training & Hyperparameter Optimization. Its NAICS code is 513210 and its SIC code is 7372.