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Linde Group to manage energy procurement operations with Allegro 8

Allegro Development Corp.

Gases and engineering company The Linde Group has selected energy software from energy trading and risk management (ETRM) software provider Allegro Development Corp. The company has chosen the Allegro 8 platform in an effort to streamline and optimize business processes related to the global procurement of electricity, natural gas and emissions certificates, including deal capture, settlement and accounting, risk management, global position reporting as well as hedge accounting.

“Our main objective was to find a system that would support our energy portfolio management with an international perspective, improve global position management and risk reporting, and also automate complex business processes like hedge accounting,” said Roland Pahl, Global Commodity Director for Energy & Feedstock at The Linde Group.

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