Volue is a Norwegian

technology company A technology company (or tech company) is a company that focuses primarily on the manufacturing, support, research and development of—most commonly computing, telecommunication and consumer electronics–based—technology-intensive products and ...

working in the field of

energy Energy () is the physical quantity, quantitative physical property, property that is transferred to a physical body, body or to a physical system, recognizable in the performance of Work (thermodynamics), work and in the form of heat and l ...

power grid ''Power Grid'' is the English-language version of the second edition of the multiplayer German-style board game ''Funkenschlag'', designed by Friedemann Friese and first released in 2004. ''Power Grid'' was released by Rio Grande Games. I ...

water Water is an inorganic compound with the chemical formula . It is a transparent, tasteless, odorless, and Color of water, nearly colorless chemical substance. It is the main constituent of Earth's hydrosphere and the fluids of all known liv ...

, and

infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and pri ...

, founded in March 2020. Volue is headquartered in

Oslo Oslo ( or ; ) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of 1,064,235 in 2022 ...

, Norway, with additional offices in

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

. On October 19, 2020, the company went public and was listed on the

Oslo Stock Exchange Oslo Stock Exchange () (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway's only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed ...

on 21 April 2021. Volue is developing products which help in

renewable energy transition An energy transition (or energy system transformation) is a major structural change to energy supply and consumption in an energy system. Currently, a transition to sustainable energy is underway to limit climate change. Most of the sustainab ...

. In May 2021, the company received a grant from state-owned

Innovation Norway Innovation Norway is a state-owned company and a national development bank. The company's programs and services are intended to stimulate entrepreneurship in Norway. Its head office is in Oslo, and an office in each of the Norwegian counties. It a ...

company to reduce water waste using

machine learning Machine learning (ML) is a field of study in artificial intelligence concerned with the development and study of Computational statistics, statistical algorithms that can learn from data and generalise to unseen data, and thus perform Task ( ...

and

real-time data Real-time data (RTD) is information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Real-time data is often used for navigation or tracking. Such data is usually data processing, proc ...

. For developing a trading platform for energy, Volue was identified as a key innovator by the

European Commission The European Commission (EC) is the primary Executive (government), executive arm of the European Union (EU). It operates as a cabinet government, with a number of European Commissioner, members of the Commission (directorial system, informall ...

under the

Horizon 2020 The Framework Programmes for Research and Technological Development, also called Framework Programmes or abbreviated FP1 to FP9, are funding programmes created by the European Union/European Commission to support and foster research in the Europe ...

funding programme.

History

Volue was founded in March 2020, through the merger of four Nordic companies: Markedskraft, Powel, Scanmatic and Wattsight. Volue's main goal is to increase efficiency and promote digitalisation across industries while reducing greenhouse gas emissions and environmental impact. In October 2020, Volue announced it was preparing for an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

on the Oslo Stock Exchange. Volue's IPO opened on 19 October 2020, trading under the symbol VOLUE. In December 2020, Volue acquired trading solutions company Likron. On 21 April 2021, Oslo Børs approves Volue ASA for admission to trading on Oslo Stock Exchange. Starting from 4 May 2021, Volue is listed on Oslo Børs. The company published its first annual report on 14 April 2021.

References

{{Reflist Software companies of Norway Companies based in Oslo Companies listed on the Oslo Stock Exchange