Nano Energies becomes first licensed electricity aggregator in Croatia

Nano Energies has become the first to be issued a license by the Croatian energy market regulator HERA to provide independent flexibility aggregator services. The Czech energy company can thus remotely operate its customers’ equipment without being their electricity supplier.

Nano Energies Croatia country manager Dominik Marinčević explained: “The Croatian transmission system is rapidly decentralising and flexibility aggregation has started to play an extremely important role here. Renewables are naturally variable – sometimes the sun shines less or the wind doesn’t blow. We help to smooth out these fluctuations.

“We will create a virtual power plant (VPP) that will store electricity, balancing the stability of the grid and generating a profit for the operators. At the same time, we will speed up and lower costs for the energy transformation we are undergoing in Croatia. And in doing so, open the way for connecting other renewable energy sources,” Marinčević added.

The announcement comes in as businesses and households across Europe are dealing with rising electricity prices.

According to Nano Energies, one way out of the crisis may be flexibility aggregation, which, in addition to smartly managing electricity consumption and production, also helps reduce operating costs.

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Safeguarding the stability of the grid

Nano Energies cites how their software enables consumers to buy electricity when it is cheap and sell it when the price rises. At the same time, the entry of a flexibility aggregator is hoped to boost the grid and prevent blackouts.

“In Western countries, flexibility aggregators are replacing fossil and nuclear power plants and enabling the transition to sustainable energy. Nano Energies can harness the potential of electricity that would otherwise remain untapped. We adjust consumption and generation so that customers generate electricity when it is most expensive and consume it when it is cheapest,” stated Nano Energies CEO Stanislav Chvála.

“The customer does not even notice this during operation, because everything is done automatically, and at the same time it contributes to the stabilisation of the grid without the need to connect coal-fired power plants.”

Nano Energies has further stated how they are the first to secure such a license in Croatia and the solution itself is not anchored in legislation in the Czech Republic or Slovakia.