Hybrid Greentech - Energy Storage Intelligence

We're excited to officially welcome Frederik Erichs and Lasse Bramer Schmidt to the Hybrid Greentech - Energy Storage Intelligence team as Software Engineers!   Frederik’s passions are to code, automize systems and work towards the green transition. With a background in working with the Danish energy grid, he will use his experience and passion to contribute to the further development of our Virtual Power Plant.   Lasse is a software engineer who spend the last couple of years building trading solutions in the realm of betting. With a background in data science and a profound interest in the energy transitions we are eager to see his contributions to the team.   #energystorage #greentransition #vpp #HybridGreentech #employeespotlight #welcometotheteam

Are you our new colleague? We have several open positions: Legal Counsel We are looking for a Legal Counsel to join a high-growth energy company and play a critical role in ensuring seamless execution, compliance, and risk management for our contracts. If you are detail-oriented, solution-driven, and passionate about the energy sector, we’d love to hear from you. https://lnkd.in/dV7yyZTj Accountant We are looking for an Accountant to join our dynamic team and strengthen our finance function.  https://lnkd.in/d8YSyTn7 Find our other open positions here: https://lnkd.in/ex_RdzV #careers #energy #renewables #energystorage #AI #smartenergy

Are you our new colleague? We have several open positions: Project Manager for Smart Energy and Virtual Power Plants https://lnkd.in/dGCbRGe6 Executive Assistant https://lnkd.in/eKqf3n6b Software Engineer with control engineering understanding https://lnkd.in/dVT_WRFm #careers #energy #renewables #energystorage #AI #smartenergy

In most countries, consumers pay more than 90% of the cost of building and operating the grid through consumption tariffs, while producers pay a minor production tariff.   The problem is that Danish regulation considers energy storage, such as batteries, as a regular consumption unit co-located with a production unit.   That means that a battery has to pay full consumption tariffs for charging 1 MWh and then full production tariffs for discharging that same energy a couple of hours later.   I would argue that a battery is more similar to a production unit than a consumption unit since it only consumes energy to enable it to produce it again later and not as its own consumption. The only real consumption is the standby and conversion losses. Most of the charged energy is time-shifted from a period with a surplus in the grid to a period with a deficit.   Why is that important?   Wind and solar projects are canceled mainly because of the decreasing capture rate, which results from increasing cannibalization. Renewables have reached a market share where they cause low or negative electricity prices as soon as they produce significant amounts.   We need more energy storage in the grid to achieve a higher share of renewable generation. From a Danish perspective, Energinet's strategy has been to build more interconnectors to act as storage, but we have reached a point where all our neighbors have an energy deficit or surplus at the same time as us.   You could ask why interconnectors like Viking Link are not paying consumption tariffs when consuming to export and production tariffs when producing again later. The reason is that it would make less efficient use of the capability of the asset to stabilize electricity prices for the benefit of society. The same reason applies to why stand-alone energy storage only should pay consumption tariffs for their netto consumption (losses).   The grid companies cannot change this because they follow national regulations, but it is actually a simple regulatory change that can enable the needed large-scale renewable buildout in Denmark. Post by Andreas Barnekov Thingvad

On wednesday, december 4, we discussed the preliminary findings of the #E2Flex project together with partners Cerius-Radius, Spirii, coordinator DTU Wind and Energy Systems and guests from Nordic Energy Research, DTU Management and KONSTANT Net A/S. The presentations by Tilman Weckesser, @jimmy, Malthe Thingvad, Andreas Barnekov Thingvad, Bjarke Bak, Haris Ziras, Claire Bergaentzlé and Maj Dang Trong were followed by a panel debate featuring Mads Paabøl Jensen, Torben Fog, Claire Bergaentzlé and Maj Dang Trong, and facilitated by Christoffer Greisen A few insights from the event, new or worthy of repitition: ⚡In solid distribution grids as the ones we are lucky to have in Denmark, it is still very few hours and few percent of secondary substations that are affected by congestion today - but this number will increase. Obtaining, ingesting, processing and extracting insights of all this granular data and then activating specific market players is a very big and challenging task for the DSO's, especially if it is to happen with low latency. ⚡As the number of EV's increase, the reliability of the response increases, but it will probably start a bit less granular (at the primary substation level). ⚡With technology partners like those in the project there are plenty of tools for controlling the EV chargers - the key is to get hands on the relevant activation signal, maybe even from the substation itself. This is of course not as easy as measuring the grid frequency, but it is also not impossible. This topic of shared observability was - as usual - the subject of an energetic discussion. ⚡ Time of use tariffs designed with stepfunctions to make them easy to comprehend for humans will inevitably create peaks when algorithms take over control of the exact timing of the charging. ⚡Care must be taken to design models for fairness as it always is with natural monopolies operating in the regulated economy. Some studies have identified cross subsidiarization from EV owners to heat pump owners. But there are plenty of frameworks and principles to choose from when redistributing the grid costs. ⚡The use cases proposed in the project address aims at grid upgrade deferral as well as mitigating the risks in N-1 situations. ⚡The first ones to reap the value of EV based flexibility in the distribution grid may be those now waiting for a grid connection. If you want to know more about our engagement in #E2Flex, reach out to Zeenat Hameed or Andreas Barnekov Thingvad. #E2Flex is a project fundet by the Danish programme #Elforsk under grant ELF221-497388 Post by Christoffer Greisen

Meet the #E2Flex project. Since early 2023, we and Cerius-Radius, Spirii and DTU Wind and Energy Systems have been joining forces in this project to dig into the design of products and services that are suitable for harnessing the flexibility of #EV’s to mitigate bottlenecks in distribution grids.  Zeenat Hameed leads our contribution to the project. In the upcoming event this Wednesday at DTU, the project team will share results and insights, followed by a panel debate featuring Mads Paabøl Jensen, Torben Fog, Claire Bergaentzlé and Maj Dang Trong. Even with decades of due diligence, careful grid planning and time-differentiated DSO tariffs in and around Copenhagen, the fast uptake of #EV’s will lead to occasional grid congestion and thus increase lead times for grid connections. What schemes would you recommend for EV’s to help reduce grid congestion ? Post by Christoffer Greisen Malthe Thingvad, Haris Ziras, Jimmy Schipper Bjaaland

Meet the #E2Flex project. Since early 2023, we and Cerius-Radius, Spirii and DTU Wind and Energy Systems have been joining forces in this project to dig into the design of products and services that are suitable for harnessing the flexibility of #EV’s to mitigate bottlenecks in distribution grids.  Zeenat Hameed leads our contribution to the project. In the upcoming event this Wednesday at DTU, the project team will share results and insights, followed by a panel debate featuring Mads Paabøl Jensen, Torben Fog, Claire Bergaentzlé and Maj Dang Trong. Even with decades of due diligence, careful grid planning and time-differentiated DSO tariffs in and around Copenhagen, the fast uptake of #EV’s will lead to occasional grid congestion and thus increase lead times for grid connections. What schemes would you recommend for EV’s to help reduce grid congestion ? Post by Christoffer Greisen Malthe Thingvad, Haris Ziras, Jimmy Schipper Bjaaland

The Finish nuclear power plant, Olkiluoto, is starting to compete with the Swedish nuclear power plant, Forsmark for being the leading cause of major (loss of generation) disturbances in the Nordic power system.   Yesterday, November 17th, at 15:25:51, Olkiluoto 3 had another turbine failure, tripping all 1600 MW of generation and causing the Nordic system frequency to drop to 49.59 Hz. The failure is expected to last several days. - On September 3rd, Olkiluoto 3 experienced a fault that caused it to drop 640 MW, leading the Nordic frequency to fall to 49.77 Hz. - On June 10th, Forsmark Block 3 experienced a reactor trip of 1172 MW, causing the Nordic system frequency to drop to 49.61 Hz. - On June 3rd, 2024, Olkiluoto 3, with 1600 MW, suddenly tripped due to a turbine malfunction. The Nordic system frequency dropped to 49.58 Hz. - On May 13, 2024, the Forsmark Block 1 nuclear power plant in Sweden, which has a capacity of 1 GW, tripped due to a grid failure. - On the 25th of November 2023 the Swedish Forsmark reactor experienced a fault, tripping block 3, with a capacity of 1.2 GW. Resulting in a similar frequency drop reaching 49.6 Hz. - On 26th April 2023, it was the two blocks (1 and 2) of the Forsmark plant that were tripped, resulting in a loss of production of 1.0 GW and 1.1 GW, respectively. Hybrid Greentech - Energy Storage Intelligence was supporting the Nordic power system during this fault with its portfolio of grid-connected battery systems and electric vehicles.

We’re excited to welcome Klaus Junger Dahl Nielsen to the Hybrid Greentech - Energy Storage Intelligence team as our new Chief Financial Officer! Klaus brings strong finance experience from Unity Software Inc., where he was responsible for finance in EMEA. Prior to this, Klaus has held a number of financial leadership roles in international companies within several different industries. We look forward to Klaus' impact as we grow our team as well as our trading systems. #energystorage #HybridGreentech #employeespotlight #VPP #Finance #Energytrading #welcometotheteam

DK2 is expanding its lead as the most attractive place in the Nordic countries to install batteries!   Yesterday, DK2's spot price was 473 €/MWh, which is even higher today at 549 €/MWh (the highest spot price since 2022).   Energy arbitrage (charge at a low price and discharge at a high price) has become an increasingly important revenue stream for battery systems in recent months. Unlike the saturating ancillary services markets, energy arbitrage is a growing market and value stream.   In the day-ahead market of DK2, several daily price spreads have grown in magnitude, allowing for up to two daily charging cycles with spreads of around 100 €/MWh —already exceeding the delivery of FCR-D.   Most of these price spreads do not exist on the other side of Øresund in southern Sweden (SE4), as the spot prices are stable and low during most hours. Moving a bit north to the Stockholm region (SE3), there are even fewer spot price movements.   All the Swedish hydro capacity is in the north, so a higher latitude means less spot price variance and a worse case for a BESS project. The price zones SE1 and SE2 have virtually no spot price movements.   The same is true for Norway, where spot price fluctuations are small in NO1, NO5, and NO2, while they are absent in NO3 and NO4.   The maturing ancillary service markets require increasing professionalism from the Balance Responsible Parties to co-optimize energy trading and service provision, continuing to create a strong investment return for battery owners. Post by Andreas Barnekov Thingvad