Utility renewable spinoff InnoEnergy has announced the launch of Power2U, in partnership with a range of Swedish local energy companies. Power2U is a platform spawning from InnoEnergy’s innovation ecosystems that allows end users and energy companies to integrate renewable energy assets to the grid, while also improving stability.
The partners Öresundkraft, Jämtkraft, Tekniska Verken, Umeå Energi and Jönköping Energi and InnoEnergy invested SEK 60 million (US$6.68 million) for the realization of the project. Sweden is the first country in which the service is available, though when asked by pv magazine, InnoEnergy emphasized that it is looking to bringing the service into other markets through local partnerships.
In a statement, Kenneth Johansson, CEO of InnoEnergy Scandinavia, said: “We expect rapid growth of local storage capacity in the form of electric cars and stationary batteries. Our joint new model is an important puzzle piece in the new energy landscape, and we are aiming for a rapid market launch starting in Sweden. We already have more international inquiries than we can handle.”
When asked by pv magazine InnoEnergy explained that the Power2U platform is a cloud service which includes optimization algorithms that harmonize charging cycles of battery storages with grid needs, reportedly benefitting customers and utilities alike. According to the project developers, the platform ensures that any battery storage unit is operating for maximum value creation for its owner. Through market mechanisms, this ensures load distribution between times of peak and low demand.
Popular content
The platform has its origins in InnoEnergy’s Market Creator, which set out to find innovations for the energy market, primarily focussing on energy-generating buildings, IoT, EVs and renewable energy generation. It was first conceived in 2015 and has now been put into action.
Kenneth Johansson, CEO of InnoEnergy Scandinavia, said: “We are pleased to welcome our new partners in Power2U, which is now ready for rollout. With the partnership, the solution is fast-tracked to market through each energy company’s strong local presence. And we will ensure continued access to expertise, technology, and resources.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.