Hansen Technologies (ASX:HSN) and Sweden-based Sigholm Tech signed a letter of intent for a strategic partnership, according to a Thursday statement.
The partnership seeks to connect Sigholm's platform, Aurora by Sigholm, used by control room teams to optimize asset scheduling, with Hansen Trade, Hansen's cloud-native automated power trading platform.
Sigholm will offer expertise and customer relationships on the generation optimization side, while Hansen will offer automated market integration and advanced multi-market optimization capabilities across key power markets.
Hansen's shares rose nearly 1% in recent trading on Thursday.