The energy world is on the verge of a major transformation. More and more renewable energy is being fed into the grid and there are more and more all-electric households with assets such as heat pumps, electricity storage and electric cars. This poses immense challenges for power grids and security of supply.
It already costs > €1 billion a year in Germany to shut down renewables and replace them with coal-fired power, because otherwise the grid would be overloaded. Over €100 billion would have to be invested in the grids to equip the power grid for the all-electric household.
However, these new technologies also present an opportunity for the first time: consumption can be matched to renewables to keep the power grid secure and cost-effective. For example, if an e-car owner comes home and wants to charge his car, he has to charge for one hour per night on average - but his e-car is connected to the wallbox for 12h before he drives off again. This flexibility of the charging time is reported as Mutual Flexibility Agreement (MFA) to our core product NEMO.spot, a fair and transparent market for flexibility.
It can now be aggregated by grid operators, for example, and used in a grid-serving way to avoid congestion instead of the expensive and environmentally harmful measures mentioned above. The grid operator pays a fee to the owner of the vehicle to use its flexibility and determine the time of charging.