"Allegro demonstrated the ability to provide a fully integrated approach to managing our business. With the ability to support the physical and financial aspects of our power trading and to manage the risk associated with these activities, as well as the option to seamlessly connect with our existing accounting system, we expect to gain the visibility and business process efficiency necessary to meet our objectives. The Allegro 8 technology architecture offers the flexibility and business capabilities we need to succeed in the European market environment."

Industrielle Werke Basel (IWB)

Green Plains Selects Allegro Energy Trading & Risk Management Solution

DALLAS, TX, April 5, 2011 - Allegro Development Corporation  (“Allegro”), a leading provider of energy trading and risk management (ETRM) software, announced today that Green Plains Renewable Energy, Inc. has chosen the Allegro 8 platform to manage the sales and distribution activities for all ethanol and distillers grains across its facilities.

Allegro’s enterprise system can support significant volumes in physical and derivatives trading, risk management and logistics activities and counterparty credit risk analysis.  Allegro 8 will provide enhanced capabilities across Green Plains’ operations in energy and agricultural commodities, including:

  • Comprehensive risk metrics, including market price exposure and liquidity exposure
  • Integration with exchanges for exchange trading
  • COSO framework reporting for Sarbanes Oxley compliance
  • Flexible and configurable reporting tools with the ability to create reports and queries on the dashboard and for exporting

About Green Plains Renewable Energy, Inc.

Green Plains is North America’s fourth largest ethanol producer, operating a total of nine ethanol plants in Indiana, Iowa, Michigan, Minnesota, Nebraska and Tennessee with annual expected operating capacity totaling approximately 740 million gallons. The company also markets and distributes ethanol for independent ethanol producers and operates grain storage facilities and complementary agronomy businesses in Iowa, southern Minnesota and western Tennessee.

About Allegro Development

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 29 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities.  Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.

For further information please contact Samantha Johnston at media@allegrodev.com or +1.214.237.8149.

< Prev   Next >