Flextools

🌍 BREAKING NEWS: Flextools Joins Sympower! 🚀 Sympower is Europe’s leading flexibility service provider, balancing electricity grids through its local operations to create a truly sustainable energy system. Together, we look forward to delivering even greater value to our customers and driving the #EnergyTransition forward. This strategic move will: ⚡Create the largest combined portfolio of flexible assets in the Nordics   🚀 Provide our customers and partners with a broader suite of secure and scalable flexibility solutions, delivering quicker access to energy markets, greater value and more impact 🌐 Unite our industry expertise, technologies, and teams to better serve our combined extensive portfolio spanning the Nordics, Greece, and the Netherlands. “I know Flextools is in good hands with Sympower,” affirmed Victoria Fearnley Landmark, Flextools’ CEO. “We will have more capacity and investment in innovation, greater market opportunities and expanded joint offerings. We also see many synergies in terms of values and mission. I’m looking forward to our teams working together to deliver the best flexibility solutions in the market.” #EnergyTransition #Acquisition #DemandResponse #EnergyFlexibility #BESS #balancingservices #flexibilityservices

New Nordic #mFRR EAM "Go Live" 4 march The Nordic TSOs have now announced 4 March 2025 as the new "go live" date for the launch of the mFRR EAM market. https://lnkd.in/dvWWXv6j #mFRR #energyactivationmarket #ancillaryservices #stödtjänster #Nordicbalancingmodel

Multi-market #optimization is the New Black With #FCR-D prices averaging approx. EUR 6/MW in Sweden during October, battery storage #BESS owners seek new revenues. Multi-market optimization for battery projects - aka being available in and optimizing across both ancillary services and wholesale markets - is now a hygiene factor for professional asset managers. How would your #battery assets have fared over the past months using a multi-market approach? As shown in the graphic, optimization across FCR-N, FCR-D up and down and wholesale markets (DA, ID) would have earned BESS owners: 📈50% more revenues than FCR-D up and down alone 📈15% more revenues than FCR-N alone #FCR #batteryoptimization #BESS #ancillaryservices #arbitrage

New Nordic #mFRR Energy Activation Market (EAM) "Go Live" postponed until Jan 2025 The Nordic TSOs including Svenska kraftnät announced today that the launch of the new 15-minute mFRR EAM will be postponed. Originally scheduled to "go live" in Dec 3, the TSOs now expect to launch the new market in January 2025. A new date has not yet been set and should be announced in the beginning of November. Stay tuned! #mFRR #ancillaryservices #stödtjänster #TSO #Nordicbalancingmarkets #energyreservemarket #flexibility Source: https://lnkd.in/gcq8fBvm

On Tuesday, October 8th at 09:47, the 1400MW #transmission cable linking the Norwegian and UK grids tripped. This was an unplanned outage, which caused the grid frequency to spike to over 50.4 Hz. What happened next? Did the Nordic region experience blackouts or system disruptions? No. The #FCR-D down market kicked in within seconds, as it should. Flexible resources especially #batteries #BESS came to the rescue! The graph below, an example of a Flextools customer battery storage site, shows the proportional and #dynamic response as the system perfectly charges the battery in response to the real-time grid #frequency. Congratulations to the Flextools customers who helped keep the Nordic grids up and running on Tuesday! #stödtjänster #ancillaryservices #batteryenergystorage #frequencyservices #frekvenstjänster #TSO Source of outage info: https://lnkd.in/g-XhJtvt

Stort tack till hela Modity Energy Trading AB teamet för inbjudan på dagens event! Mycket bra fokus på möjligheter inom #flexibilitet kopplat till #volatilitet och nyteknik. Flextools är stolt att kunna medverka under dagen och ser fram emot att stärka vårt samarbete. Framåt! #stödtjänster #balansansvar #multimarknadsoptimering #batterilager #bess

The Flextools team is excited to be a part of the Modity Energy Trading AB höstevent - Fall Event! We are looking forward to discussions on how more business customers can contribute their #flexibility to support the Swedish #power grid and earn new #revenues. Will you be there? Look for the Flextools booth tomorrow, October 3rd, in Lund and come and chat with us! Felix Lööv and Jason Erwin are eager to discuss all things #flexibility (ancillary services). #stödtjänster #balansansvarig #balancingservices #FCR #mFRR #batterilagring #BESS #värme #boilers #elpanna #multimarketoptimization #multimarknadsoptimering

Unprecedented contribution of #wind and #batteries in the Nordic FCR-D #balancing markets Svenska kraftnät, the Swedish TSO, recently released figures on the relative contributions of different power sources/consumption to the FCR-D balancing markets. The results so far in 2024 are impressive: 📈 Pre-qualified volume on the FCR-D down market has already grown by almost 1GW this year 🍃 🔋 Wind power and batteries account for the vast majority of the increase 🆙 The number of asset pre-qualifications are set to hit a record this year. In addition, the FCR-D prices have come down significantly with the implementation of pay-as-cleared (marginal pricing) and the dramatic scaleup of low cost battery storage #BESS in the system. Good news all around for the power system, its participants and customers! The Flextools team is thrilled to be part of this growth journey. Alongside our customers and partners we will continue to deliver more #flexibility across Sweden and the Nordics. #stödtjänster #balanstjänster #balancingservices #growth #flexibilitet #BESS #batterilager #batterystorage #vindkraft #windpower

Swedish #TSO issues #FCR market report Svenska kraftnät just released its monthly FCR report for August. Some of our key take-aways include: 📉 Crashing FCR-D prices as a result of heightened market #competition and change to a pay-as-cleared market design 💶 FCR-N, while volatile, is an attractive market with some hours around EUR 250/MW 📈 Svenska Kraftnät will increase the procurement of FCR-D down from 410 MW (Q2-Q3) to 470 MW in Q4 this year What is needed to be successful in the Swedish #ancillaryservices markets going forward? Clearly, a well-executed multi-market strategy coupled with sophisticated, near asset #BESS scheduling and controls tools are critical. These tools will allow asset owners to access revenues across ancillary services markets and better manage/leverage the #volatility in these markets. Source for graphic: Svk Marknadsrapport - august 2024