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Description
Fusebox is an Estonian company providing energy companies with Virtual Power Plant (VPP) and advanced Energy Management Software (EMS) solutions, enabling them to achieve a competitive edge in energy management. Company has been developing an additional growth strategy to complement the Fusebox and Pixii AS (NO) within previously implemented Green ICT project and disseminate the technology in additional markets and to clients unable or unwilling to invest into battery systems.
In additional call project, project aims to introduce Fusebox SaaS platform for energy market operations in Danish market through a pilot, to unlock their flexibility and lower/postpone energy consumption to balance the grid. By utilizing energy storage and client demand flexibility the project aims to reduce energy sector carbon intensity while increasing the efficiency of the gridFusebox 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.
With the implementation of the above, Fusebox will gain a foothold in a new and 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.
Summary of project results
Project focused to introducing Fusebox SaaS platform for energy market operations in Danish market through a pilot to unlock their flexibility and lower/postpone energy consumption to balance the grid. By utilizing energy storage and client demand flexibility the project aimed to reduce energy sector carbon intensity while increasing the efficiency of the grid.
Within the framework of Green ICT programme, Fusebox gained the ability to interface and manage batteries and also an internationally sold SaaS product. The batteries operate autonomously and take into account all regulatory restrictions.
Additional project was targeted on improving the functionalities in such a way that the profitability of the batteries could be increased, they would meet the requirements of faster flexibility products on the Danish market and machine learning developments would enable better prediction of the potential of batteries through solar energy.
As a result of the project, Fusebox''s product is more capable and complete as it has the ability to do both VPP flexibility trading and very detailed asset management. Currently, the Fusebox platform is successfully used as a SaaS solution in Finland and Greece, but also with a combination of batteries and solar parks in Estonia. Although the system is not operating Denmark, as initially planned, the search for the local partners continue and the platform has been fully complied with Danish market requirements.