05.04.2023 / News
EASE is glad to extend a warm welcome to its newest member HiTHIUM who joined EASE in February 2023. Mr. Winfried Wahl, Senior Director at HiTHIUM, accepted to discuss HiTHIUM's expertise in energy storage and expectations from this collaboration with EASE.
19.04.2023 / News
Welcome on Board enspired
The European Association for Storage of Energy (EASE) is glad to extend a warm welcome to its newest member enspired who joined EASE in March 2023. Mr Jürgen Mayerhofer, CEO & Co-Founder of enspired, accepted to discuss with us enspired's expertise in energy storage and expectations from this collaboration with EASE.
EASE: Mr. Jürgen Mayerhofer, thank you very much for accepting this interview. We are very really happy to have enspired among our members and we would like to know more about your activities in the sector. Could you summarise the most interesting insights from the work of your company for energy storage?
While rooted in fully automated wholesales trading, we position ourselves as a route-to-market provider including cross-market optimisation. We run a fully digital setup without any human traders in front of screens, which allows for end-to-end process automation. For battery storage our day-ahead models allocate power and capacity to different markets such as wholesale, ancillary services (capacity and energy) and – where applicable – imbalance markets. We then execute bidding into auctions and trade continuous markets with thousands of trades per day to achieve the commercial optimum. Our models are trained with more than 8bn data points and consider all commercial and technical restrictions including warranty terms. We offer this technology as Trading as a Service to different customers such as utilities, asset developers, VPPs and energy-intensive industry. We successfully optimise different use cases from grid-scale energy storage (BESS and pumped hydro), co-located BESS with PV and C&I-scale BESS in behind-the-meter setups.
EASE: We look forward to a very fruitful collaboration with you and to receive enspired's inputs for our Working Groups and Task Forces. What created the interest from your company to join EASE?
We saw that the pace in the energy storage space has increased quite heavily since the energy crisis. As we’re already acting in several European countries, EASE is an excellent platform to connect with our industry peers and get the latest updates and information about all aspects of energy storage. Our goal is an active contribution to Working Groups and Task Forces and sharing our operational experiences from commercial optimisation and challenges such as what holds the industry back from fully unlocking behind-the-meter flexibility (at the moment).
EASE: What is your vision for how energy storage can contribute to the energy transition?
We founded enspired to unlock as much flexibility as possible on a global scale. Battery storage systems are now the greatest allies we have in driving forward the transition to green energy because they expand the integration of renewables and decarbonize supply processes, which in the long run creates a more resilient, more sustainable and more efficient power grid. In short, storage systems give inflexible assets a flexible edge, and this is what we’re all about here at enspired.
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