Sweden is facing major challenges in its power system. To ensure a stable electricity supply, HiQ selected as one of two suppliers in Swedish power grid new IT framework agreements, with the task of working on a new method for efficient balancing of the Nordic power system.

As the power system changes rapidly, the challenges of ensuring a stable and reliable electricity supply increase. Svenska kraftnät is leading the development of Nordic Balancing Model (NBM) – a new, future-proof balancing model for the entire Nordic region. This is being developed in collaboration with the region's transmission network operators and adapted to the EU's common electricity market to support the energy transition.

Swedish power grid has signed a framework agreement with for this development two suppliers, HiQ and Knowit. The agreement has an estimated total volume of up to SEK 1.2 billion and runs for an initial period of three years, with the possibility of extension for up to eight years. Security aspects are central, and the suppliers may be subject to security protection agreements under the Security Protection Act.

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HiQ has extensive experience in delivering digital solutions for societal infrastructure. Among other things, through ongoing collaboration with Swedish power grid and through customer collaboration where we contribute to modernizing Sweden's payment infrastructure.

– Being trusted to contribute to such a critical societal function as the power system is a great honor. With our deep knowledge and experience of working with complex tech solutions looks "We look forward to helping ensure a robust and future-proof method for Swedish electricity supply," says David Sandberg, Business area manager for the public sector at HiQ.