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Nano Energies Launches Virtual Power Plant Services in Hungary

Stanislac Chvála, CEO of Nano Energies

Businesses across Europe are dealing with rising electricity prices. One way out of the crisis may be flexibility aggregation offered by ouzr agency's new client, the Czech Nano Energies, which smartly manages electricity consumption and production, while also helping reduce energy costs by 10-30%. It also strengthens the stability of the energy grid and optimizes the feed-back of renewable energy. The company has 130 highly skilled employees, and Hungary is now the fourth country where it is present.

Energy systems are undergoing significant technological change around the world, but rising prices are also a major challenge for businesses and households alike. This has put the spotlight on what is known as energy flexibility, which means the continuous coordination of consumption and production. As electricity cannot be stored in large quantities and in a cost-effective way, the control of smaller devices is an efficient solution for the stability of energy supply. As an independent flexibility aggregator, Nano Energies combines numerous smaller and larger power generators and consumers into a common smart system, which thus acts as one large "virtual power plant".

Flexibility aggregators are becoming increasingly important as renewable energy production grows. As the renewable generation is not balanced over time, solutions to stabilize the electric grid are much needed.

Tibor Lukács, country manager, Hungary

"Feeding the electricity generated by solar panels to the grid has become a hot topic in Hungary in recent months, which shows how important the balance of the transmission grid is. With its grid balancing services, Nano Energies' technology can offer a solution to this problem," says Tibor Lukács, Head of Nano Energies Hungary, who also points out that in addition to the increased stability, the flexibility aggregator can also optimize costs. With Nano Energies' intelligent solutions, companies - for example biogas stations, cogeneration units, landfill gas power plants just to name a few - can achieve energy cost reductions of 10-30 percent without having to transform its daily operations. For companies that operate 24 hours a day and have variable energy consumption, cost savings can be as high as 60 percent.

"Flexibility aggregators are accelerating the transition to sustainable energy. Nano Energies can harness the potential of electricity that would otherwise remain untapped. We adjust consumption and generation so that customers generate electricity when it is most expensive and consume it when it is cheapest. The customer does not even notice this during operation, because everything is done automatically, and at the same time it contributes to the stabilization of the grid without the need to increase the dependence on the gas power plants," explains Nano Energies CEO Stanislav Chvála.

Nano Energies is currently working together with the national grid operator MAVIR Zrt. to meet all its requirements and to be able to start providing balancing services as of next year. Later on, the company plans to launch a more sophisticated and automated (aFRR) flexibility aggregation service as well to allow customers to get extra revenue.

Nano Energies was founded in 2008 by Czech entrepreneur Petr Rokůsek in the Czech Republic. Last year, the company reported a sales revenue of €116 million and currently employs 130 highly skilled professionals - IT specialists and developers, mathematicians and renewable energy experts.

Press inquiry: nanoenergies[@]


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