Svenska kraftnät selects HiQ in major initiative to balance the Nordic power system
Sweden is facing major challenges in its power system. To ensure a stable electricity supply, HiQ has been selected as one of two suppliers in Svenska kraftnät’s new IT framework agreement, tasked with working on a new method for efficiently balancing the Nordic power system.
As the power system undergoes rapid transformation, the challenges of ensuring a stable and reliable power supply are increasing. Svenska kraftnät is the authority leading the development of the Nordic Balancing Model (NBM) – a new, future-proof balancing model for the entire Nordic region. It is being developed in collaboration with the region’s transmission system operators and is aligned with the EU’s common electricity market to support the energy transition.
For this development, Svenska kraftnät has signed a framework agreement with two suppliers, HiQ and Knowit. The agreement has an estimated total value of up to SEK 1.2 billion and runs for an initial period of three years, with the possibility of extending up to eight years. Security aspects are a key consideration, and the suppliers may be subject to security protection agreements under the Security Protection Act.
HiQ has extensive experience in delivering digital solutions for critical infrastructure, including ongoing collaborations with Svenska kraftnät and other clients across various industries and societal sectors.
"Earning the trust to contribute to such a critical societal function as the power system is a great honor. With our deep understanding and our experience in working with complex tech solutions, we look forward to helping ensure a robust and future-proof method for Sweden’s electricity supply," says David Sandberg, Head of Public Sector at HiQ.
