Geniess

The day-ahead balancing capacity markets in Norway are reshaping the potential for BESS assets. With the mFRR capacity market now active and developments in the energy markets PICASSO and MARI on the horizon, we're keenly watching the impact on BESS business cases. These initiatives promise enhanced revenue avenues and cross-border market access, propelling the economic viability of BESS forward.

FCR has been a revenue powerhouse for energy storage the past years, particularly in the Nordics. Our resident market expert, Mulugeta H. A., has shared his reflections on the past few years as well as where the next years might take us.

Continuing from where we left off in the last post on the FCR capacity market 2023 year review, the profile remained the same, with prices peaking around €60-70/MW during the fourth block (12:00 - 16:00) hours. The new member that joined the market in March 2023, the Czech Republic, witnessed a significant change between May and July, with prices much higher than the cross-border settlement capacity price, as shown on the right axis. Similarly, in August, Czech Republic prices remained high; however, Belgium surpassed this level, and Austria also averaged marginally higher. France remained significantly below the prices observed in other regions.

Our resident market & grid expert Mulugeta H. A. has shared some of his reflections on the FCR market at the end of 2023. We're excited to see how this evolves in 2024!

📣 Join TotalEnergies On Batch #4, our #electricity and #renewables start-up accelerator program! ⚡ Like Geniess, empower your start-up with TotalEnergies On! 👉 Apply by January 26th to benefit from our tailored program, network & expertise for 6 months! https://lnkd.in/ePDhpChw Pierre-Eliott Phelps Thibault FLICHY Nouha El Mouzdahir Kai Erspamer

In 2022, over $20 billion was invested in battery energy storage, mainly in grid-scale deployment, accounting for over 65% of total spending. Given the solid growth in 2022 and the current project pipeline and governments targets worldwide, investment in this area is expected to surpass $35 billion in 2023. 💸 Investments in energy storage are crucial for the energy transition. This is why we've partnered with Geniess, a company that provides a software platform for more efficient energy storage investment decisions.🔋 Within TotalEnergies On program, Geniess will evaluate battery project profitability across multiple business locations using its turnkey solution! If you believe that you have a great story to write with us, like Geniess, apply now to TotalEnergies On Batch #4! Applications to join our accelerator program are open until January 26th! 🔗 : https://lnkd.in/ekJyHpAZ I would like to thank all those involved in the experiment we are conducting with Geniess: From Geniess: Kai Erspamer, Odd Cappelen, Nafisa Sharif From TotalEnergies : Catherine Verdier, Zeineb Chabrak Payet, PhD, Jean-Henri Culerier and Olivier Pernet for conducting the all from TotalEnergies On #TotalEnergiesOn #RenewableEnergy #Innovation #BatteryStorage #batteries #energy #power #electricity #technology #startups

Northvolt's sodium-ion announcement is particularly exciting given the potential independence from traditional LFP or NMC supply chains as well as potential performance characteristics. In January our Senior Battery Scientist, Jacob Hadler-Jacobsen, shared his thoughts on the potential for sodium-ion systems in 2023 here: https://lnkd.in/dNMM8u46

We're excited to be featured as one of Sifted's Top 15 Early-stage Energy Storage Startups to Watch! It's cool to be also be listed alongside so many other exciting companies in their market map, such as ECO STOR GmbH, STABL Energy, ACCURE Battery Intelligence, Rivus Batteries, Ampowr, Italvolt , and many others. Lots of companies moving the energy storage industry in the right direction! You can read more here: https://lnkd.in/dfnsGBcS

🎬 Just a month ago, we welcomed 10 new startups into TotalEnergies On Batch #3. 🎥 We had them go in front of the camera to capture their program expectations, and who better than their founders to explain their solutions to you? To kickstart this series, let me introduce you to Kai Erspamer, CEO & Founder of Geniess. The Norwegian start-up addresses a crucial challenge in energy transition: the uncertainty of energy storage investments. 🔋💶 Various factors such as service variety, price scenarios, and different system capabilities influence the profitability of energy storage system (ESS) investments. Therefore, Geniess has developed a software-as-a-service platform that assesses the potential return and risk for investments through simulations on multiple scenarios. This enables faster, better, and more profitable investment decisions. 💡⚡ I invite you to learn more from the CEO himself, by watching the video below ⬇️ #TotalEnergiesOn #RenewableEnergy #Innovation #BatteryStorage #batteries #energy #power #electricity #technology #startups

  🚀 Exciting News! 🌟 We're thrilled to announce that we'll be joining TotalEnergies as part of the TotalEnergies On Accelerator program! ⚡ Our vision is to work with the best in the business to transform how energy storage is developed and financed, and TotalEnergies is a super exciting industry leader. 💡🔋 Over the next 6 months we'll be working closely with TotalEnergies' experts and partners, including the prestigious HEC Paris and innovation hub STATION F, to spark potential collaborations. 🤝⚡ #startup #energy #digital #electricity #renewableenergy #entrepreneurs #accelerator #stationf #TotalEnergiesOn #HEC