Harnessing the power of AI in the energy sector New customer GermanyOur Sales Director in Germany Featured in energie.blog

As a member of BDEW, we had the privilege of participating in the BDEW Congress in Berlin at the beginning of June. This year’s event delved into the future of AI in the energy sector, highlighting the rapid pace of digital transformation across Germany. The discussions underscored AI’s pivotal role in optimizing processes and alleviating routine tasks for employees.

At Midas Energy, we are excited about AI´s transformative potential within the energy industry. Attending the AI session at BDEW provided valuable insights into the increasing adoption of AI among utility companies. This aligns perfectly with our ongoing commitment to integrating advanced technologies into our solutions.

How Midas Energy is integrating AI

At Midas Energy, we are in the process of incorporating AI and machine learning to enhance our software solutions for energy companies. Our AI-driven approach is designed to continuously learn and adapt to the changing needs of consumers, to ensure optimal usage profiles and precise consumption forecasting.

Our new capabilities

  • Enhanced Consumption Profiles: Leveraging AI to develop more accurate and adaptive consumption profiles for our customers.
  • Advanced Pricing Models: Utilizing machine learning to identify optimal pricing strategies that benefit both consumers and providers.
  • Improved Demand Forecasting: Applying AI to predict future demand with greater accuracy, enabling better resource management.

The future of AI at Midas Energy

As we continue to advance our machine learning capabilities, Midas Energy is committed to delivering greater value to our customers by improving operational efficiency and customer satisfaction. These innovations will help us stay at the forefront of the energy sector, ensuring our customers benefit from the latest advancements in AI.

As digitalization progresses, Midas Energy remains committed to pioneering new solutions that drive positive change in the energy sector. We look forward to continuing this journey and transforming the energy landscape.

 
The Stadtwerke Geesthacht have set the course for the future with the Midas software in energy sales.

The Stadtwerke Geesthacht – Geesthacht is located on the Elbe – have set the course for the future with the introduction of the Midas software in energy sales.

Improved Sales Management with Midas Stadtwerke Geesthacht GmbH has significantly improved its energy sales processes and efficiency in sales operations with the introduction of the cloud-based software “Midas” from Danish company Midas Energy A/S. This positions Geesthacht strategically for the future.

The municipal utility provider in the southeast of Hamburg faced a bundle of challenges: due to the rapidly changing energy landscape, they sought a digital solution to optimize sales processes and obtain a well-founded overview of sales metrics. This should lead to more informed decisions and sustainably improve sales management.

No more high maintenance costs

The Stadtwerke Geesthacht opted for Midas, the cloud-based software in standard configuration. With this strategic move, the utility provider is choosing a future-proof solution that avoids the risks of modified solutions, particularly rapid aging and associated high maintenance costs. Stadtwerke Geesthacht GmbH saw Midas as the key to ensuring that their sales strategy could be sustainably stabilized and that they could flexibly adapt to market changes.

In summary, the implementation of the new software leads to operational efficiency and well-founded decision-making. The robust and future-proof solution enables Stadtwerke Geesthacht GmbH to effectively tackle the challenges of a volatile energy market. Furthermore, by choosing Midas Energy, Stadtwerke Geesthacht is committing to innovation, efficiency, and future viability in a dynamic energy market.

To be able to react quickly and reliably

In a highly dynamic market environment, it is extremely important to be able to react quickly and reliably in energy sales,” summarizes Dirk Pieper, Head of Sales & Procurement at Stadtwerke Geesthacht. “Integrating energy procurement flexibly is our demand for software. With Midas, we have a reliable partner to ensure our processes can capitalize on emerging opportunities with fast response times.”

Benefits

  • Efficiency Enhancement Midas optimizes sales processes and leads to increased efficiency in sales operations.
  • Improved Decision Making The comprehensive overview of sales metrics and better sales managmeent provided by Midas contribute to more informed decision-making
  • Future-Proofing By choosing hte cloud-based, standard-configured solution from Midas, Stadtwerke Geesthacht GmbH obtains a future-proof system that adapts to changing market conditions without incurring high maintenance costs for rapidly aging, modified sofware.
  • Adaptability to Market Changes Midas provides Stadtwerke Geesthacht GmbH with the flexibility to adjust their sales strategy to dynamic changes in teh energy market.
  • Cost Efficiency The licensing model of Midas leads to savings, as there are no costs for maintenance and system upgrades.

 

About Stadtwerke Geesthacht GmbH Stadtwerke Geesthacht is the reliable supplier in the region. The company focuses on a future-oriented, regional growth strategy and sustainable technologies. For example, through environmentally friendly generation of electricity and heat in combined heat and power plants or through the use of hydropower for generating green electricity. Additionally, Stadtwerke also offers products for electricity, natural gas, water, heat, and telecommunications, as well as operating the attractive leisure pool on the Elbe.

Learn more: www.stadtwerke-geesthacht.de

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BDEW Kongress 2025

Save the date! Midas Energy will be attending BDEW Kongress 2025 – one of the leading events for the European energy sector. The Congress takes place in Berlin on June 4th-5th, bringing together key players from electricity, gas, and heat for two days of inspiration, insights, and networking.

Stop by our stand to explore how Midas is shaping the future ofenergy sales and contract management.

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