Europe's Challenges
Footnote
As estimated by the European Commission.
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Technology and Impact
Specialising in AI-powered virtual power plants that operates and trades battery assets Hybrid Greentech offers standalone systems as well as co-located systems with renewables, and behind-the-meter installations.
Its cloud-based and fully algorithmic platform allows asset owners and utility companies to access storage integrate assets seamlessly.
Using live asset data, Hybrid Greentech enables massive performance increases while removing unnecessary battery cycling. This captures tremendous value across both power and balancing markets.
Hybrid Greentech’s platform is also designed to support the next wave of flexibility: the interconnection between distributed energy resources such as EV batteries, household batteries, and consumer sunroof installations.
The current grid is struggling to handle growing energy demand, volatile production and insufficient storage options.
The EU estimates that energy consumption will increase by 60% by 2030. At the same time, 40% of the European grid is more than 40 years old. To effectively digitalise, decentralise and make the grid more flexible, the EU will have to spend almost €600bn to keep up with the pace of transformation in the next four years.
Hybrid Greentech’s technology can save Europe billions by enabling owners of renewable energy assets and storage capacity to interact on one coordinated system, adding flexibility, efficiency and performance.
