Aggregate flexible industrial loads and grow revenue

Discover how industrial owners contribute flexibility and generate revenue.

By aggregating many smaller system loads, Flextools enables industrial companies to access a new revenue stream. Many different types of industrial assets are now contributing through the growing Nordics frequency markets.

Background/ insight

Industrial companies have production and support systems, including boilers, industrial ovens, data centers, lighting, and food processing equipment, which can contribute flexibility to the grid.

The FFR market, for example, is a balancing market that is activated when the grid dips below 50 Hz. By offering their capacity, industrial owners reduce power consumption very quickly and for short durations and thereby generate a new source of revenue.

Challenges

High participation threshold

Smaller systems/assets may not be eligible e.g., 1MW is min bid in Norwegian FFR market.

Technical expertise

Specific tests must be performed to qualify assets and ensure systems meet market requirements.

Production & operations

Production and operations must not be compromised during activations

The Solution

#1: Plug and play

Flextools provides standard monitoring/controls hardware or API integrations to ensure that industrial equipment responds per the latest market requirements.

#2: Aggregation

Flextools' experts pre-qualify and aggregate assets. Aggregation involves bundling smaller systems into a portfolio and single bid that exceeds market thresholds e.g., 1 MW for FFR in Norway.

#3: No disruptions

Together with the industrial owners and operators, Flextools ensures that participation in the flexibility markets does not impact operations or uptime.

The results

New revenue stream

Industrial owners receive revenue without any disruptions.

Grid balancing

New MW of flexible load are available to the grid during frequency dips.

Reliability

Flextools platform provides real time updates to responsible managers.

“Working together with Flextools in the StrømFleks project has been a positive experience. With flextools we can aggregate, monitor and dispatch flexibility available in our grid. We can combine assets from households and commercial buildings in different portfolios. Data gathered from the system can then be used to analyze consumption patterns.”

Ivan Schytte

Head of Smart Grid, Lede AS

“Flextools was the first company to participate in the NODESconnect partner program. Through their technology Flextools has managed to enable numerous flexibility providers to optimise their assets by selling flexibility in the NODESmarket place. Flextools is a key partner in the energy transition as we seek to develop a more efficient and more sustainable energy system.”

Richard Sarti

CEO, NODESmarket

“Together with Flextools we take part in a sustainable and fully electric society of tomorrow. By identifying our costumers' flexible assets, we can exploit our power grid in a better way, while reducing our customers total energy cost, increase their competitiveness by gaining income from flex markets. With flextools, our customers can easily connect and contribute to the green transition. This benefit both the society as a whole and the customer!”

Mattias Harrysson

Head of Energy & Sustainability Services, Entelios Nordics

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