Volue

Volue is a Norwegian technology company working in the field of energy, power grid, water, and infrastructure, founded in March 2020.

Volue ASA
TypeAllmennaksjeselskap
OSE: VOLUE
ISINNO0010894603
IndustryComputer Software
Founded2020
Headquarters
Oslo, Norway
Area served
Worldwide
Key people
  • Trond Straume (CEO)
  • Arnstein Kjesbu (CFO)
  • Ingeborg Gjærum (CSO)
  • Jörg Lienhardt (CTO)
  • Melanie Abt (CCO)[1]
ProductsTechnology services for the energy, power grid and infrastructure markets
RevenueIncrease NOK 891.87 million (2020) [2]
Decrease NOK 82.23 million (2020) [2]
Total assetsIncrease NOK 1,472.69 million (2020) [2]
Owner
Number of employees
650 (2021)[4]
Websitewww.volue.com

Volue is headquartered in Oslo, Norway, with additional offices in Europe.[5] On October 19, 2020, the company went public and was listed on the Oslo Stock Exchange on 21 April 2021.[6][7]

Volue is developing products which help in renewable energy transition. In May 2021, the company received a grant from state-owned Innovation Norway company to reduce water waste using machine learning and real-time data.[8] For developing a trading platform for energy, Volue was identified as a key innovator by the European Commission under the Horizon 2020 funding programme.[9]

History

Volue was founded in March 2020, through the merger of four Nordic companies: Markedskraft, Powel, Scanmatic and Wattsight.[10][11][12] 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 on the Oslo Stock Exchange. Volue's IPO opened on 19 October 2020, trading under the symbol VOLUE.[13]

In December 2020, Volue acquired trading solutions company Likron.[14]

On 21 April 2021, Oslo Børs approves Volue ASA for admission to trading on Oslo Stock Exchange.[15] Starting from 4 May 2021, Volue is listed on Oslo Børs.[16] The company published its first annual report on 14 April 2021.[17]

References
  1. "Who we are - People of Volue". Volue. Retrieved 24 June 2021.
  2. "Volue Shares". NASDAQ. Retrieved 24 June 2021.
  3. "Volue Shareholders". Retrieved 24 June 2021.
  4. "Who we are - Volue by the numbers". Volue. Retrieved 24 June 2021.
  5. "Volue's offices". Volue. Retrieved 24 June 2021.
  6. Løland Skarsgård, Marianne (21 April 2021). "Volue til Oslo Børs. Oslo Børs godkjenner Volue for opptak til handel på Oslo Børs". Finansavisen. Retrieved 24 June 2021.
  7. "VOLUE ASA". Euronext Live Markets. Retrieved 24 June 2021.
  8. "Volue awarded NOK 25 million from Innovation Norway for water digitalisation project". Oslo Børs. Retrieved 25 June 2021.
  9. "Energy Trading Platform - EU's Innovation Radar". Retrieved 25 June 2021.
  10. Christensen, Henning (21 October 2020). "Merkur-nykommer vil kjøpe ut minoritetsaksjonærer" (in Norwegian). Finansavisen. Archived from the original on 31 October 2020. Retrieved 24 June 2021.
  11. "Scanmatic becomes part of new green-tech company". Archived from the original on 5 December 2020. Retrieved 24 June 2021.
  12. "Ett av Trondheims største teknologiselskaper blir del av nytt konsern" (in Norwegian). Adresseavisen. Retrieved 24 June 2021.
  13. "New company admitted to trading on Merkur Market". Euronext Live Markets. Retrieved 24 June 2021.
  14. Vilnes, Olav. "Volue to acquire trading solutions firm Likron by year end". Montel. Retrieved 24 June 2021.
  15. "Oslo Børs approves Volue AS for admission to trading on Oslo Børs". Volue. Retrieved 24 June 2021.
  16. "Volue lists on Oslo Børs". Euronext. Retrieved 24 June 2021.
  17. "Volue Publishes Its 2020 Annual Report". Euronext Live Markets. Retrieved 24 June 2021.
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