Nena AS
Company
Nena was founded in 1997 by Hans Gunnar Nåvik on the idea that emerging trading in the
newly de-regulated Nordic power market needed backing of high quality fundamental
analysis from a neutral counterpart. Nordisk Energianalyse, or Nena, came to life
with Christian Sjødin as the Managing Director and co-founder. Since then the company
has established itself as a respected analysis house covering power, coal, freight
and gas markets.
Nena clients
Our client base covers energy majors, utilities, funds, banks, shipping companies and
private investors. Looking to strengthen their focus in commodity trading or in need
of advice on investments they turn to Nena for analyses and competence. Our first
clients from 1997 have continuously been using our expertise and analyses in their
daily core business related to energy markets, and new clients continue to express
their fascination for our views and advice.
In-house modelling
Nena builds fundamental models and methods with strong emphasis on a combination of
economic theory, market models, weather impacts and marginal cost calculations. All
price forecasts are solely based on in-house developed models in order to avoid any
black boxes. Our approach relies on basic supply and demand modelling as well as
advanced optimization tools.
By combining our trading based analysis tools with a holistic view on global commodity
markets we aim to provide a clearer picture of the global energy complex. Our analyses
reveal coherence between numerous price drivers, enabling us to explain substitution
pricing, and ultimately consequences for future pricing of various commodities.
Transfer of knowledge
Over the lifetime of the company the team of energy experts have contributed in
day-to-day trading advice, strategy work, as speakers, in special projects and as
consultants to clients at top management and board level. Throughout the years, Nena
has compiled reliable and consistent analyses with proven track record.
A StormGeo company
Nena is a part of StormGeo located in Oslo.