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Description
Fusebox has been developing an additional growth strategy to complement the Fusebox and Pixii AS (NO) project and disseminate the technology in additional markets and to clients unable or unwilling to invest into battery systems. In additional call project, Fusebox is aiming to expand its geographical footprint by entering Danish market and bring to the market a new fully-funded product with a turn-key solution to end-customers. The critical milestones include:
(1)Integration of Fusebox VPP and Danish TSO Energinet
(2)Certification of Pixii battery systems
(3)Sourced and contracted one (1) partners and one (1) location for battery installations in Denmark
(4)Sourced and contracted an asset owner for turn-key solution provided to Danish customer (fully financed battery system with revenue sharing with location owner / operator model)
(5)Installation of (1) Pixii energy storage systems at one (1) site in Denmark with at least 100kW/100kWh rating
(6)Conducted first ancillary market trades both in Estonia (mFRR product) and Finland (FCRd product)
With the implementation of the above, Fusebox will gain a foothold in a new and very attractive energy balancing market with similar rules as to those in Estonia and also have developed a new fully-integrated turn-key solution for its potential customers with embedded financing attached. With this Fusebox will be able to build on its existing project by expanding experiences from Finland as an eSett market and also have a new product offering to speed up sales within its existing footprint.