News

Volue AS confirms it will not proceed with an acquisition of Energy One at this time

Oslo, 3. September 2026, Volue AS ("Volue") refers to the non-binding, indicative offer submitted to the board of directors ("Board") of Energy One Limited ("Energy One") on 22 July 2026 ("NBIO"). Despite repeated efforts to work collaboratively with Energy One to find a pathway to an attractive agreement, the Energy One Board has not engaged with Volue. 

Hero image

Volue AS confirms it will not proceed with an acquisition of Energy One at this time 

Volue AS ("Volue") refers to the non-binding, indicative offer submitted to the board of directors ("Board") of Energy One Limited ("Energy One") on 22 July 2026 ("NBIO"). Despite repeated efforts to work collaboratively with Energy One to find a pathway to an attractive agreement, the Energy One Board has not engaged with Volue.  
After Volue submitted its NBIO, Energy One entered into an agreement with Fluxys UK Limited ("Fluxys") to acquire Gas Management Services Limited ("GMSL") for all-scrip consideration. The exclusivity granted to Fluxys in support of the GMSL transaction further limited Volue’s ability to engage with Energy One. GMSL is a business which Volue is familiar with. Importantly, Volue does not consider GMSL to be additive to Volue’s strategy of becoming the leading global electrification technology platform. 
As a result of these developments, Volue has decided, at this point, not to pursue the acquisition of Energy One further. 
Volue has retained Rothschild & Co as financial adviser, Clifford Chance as legal adviser, and New World Communications as communications adviser. 

About Volue 

Volue is a global leader in electrification technology, delivering an integrated platform that supports the full energy lifecycle, from data and forecasting to trading, asset optimisation, and grid management, helping customers navigate an increasingly complex energy system. The company provides market-leading price and fundamentals forecasts; automated trading and market access; multi-asset optimisation across hydro, thermal, battery, wind, and solar portfolios; 24/7 asset operations; and advanced solutions for distribution system operators managing rapid electrification and decentralisation. With more than 800 employees serving customers in more than 40 countries, Volue is headquartered in Oslo, Norway, and operates globally, supporting energy producers, traders, DSOs, and other market participants in improving efficiency, managing risk, and driving stronger commercial outcomes across global power markets.