Woodlands Solutions - Strong Out of the Gate

I met up with Mike Muse, president of Woodlands Solutions, last week to get a look at the company’s Phoenix ETRM product and catch up on the latest developments with the company. According to Mike, since they laid down the first line of code about a year and half ago, Woodlands has signed 3 customers for Phoenix, with 2 in production and the third, signed in March of this year, due to be in production next month. Given the time and effort to build a new product from the ground-up, this is a fairly remarkable achievement. Mike indicated that all 3 are using the product for managing natural gas marketing activities, with one of the three looking to also bring power into the system.

While the product was clearly designed to initially address the needs of gas marketers, with strong deal management and risk capabilities, Mike indicated they are continuously adding new capabilities and, with the support of their current clients, are broadening the product’s reach very quickly to address all aspects of not only natural gas trading and marketing, but also bringing additional commodities, like the previously mentioned power, into the system.