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TietoEVRY Oyj

10/22/2024 | Press release | Distributed by Public on 10/22/2024 00:13

For investors in battery energy storage systems, Time to Market is crucial

Published: 22 October 2024

The first NSC Energy Opti BESS (Battery Energy Storage System) go-live on 15 October is a fine example of fast track to the markets. The cooperation between NSC EnergyOpti Oy and Tietoevry improves the availability of electricity and enables building new-generation capacity using renewables.

NSC offers electricity storage and optimization services enabled by a productized digital solution developed by Tietoevry for the energy sector. These integrated services facilitate the use of electricity storage for demand response, balancing peak consumption, and providing reserve market capacity in the national grid. This capability is crucial today, given the increasing prevalence of variable renewable generation.

The first of the many upcoming BESS (Battery Energy Storage System) storage units has now gone live and NSC service to offer battery storage capacity to reserve markets has started. For the next phase of expanding services, Tietoevry's platform offers fast access to new markets and the combination of several energy assets into a so-called virtual power plant.

A lot of renewable production is already in place, and new capacity is being implemented at a growing pace. This calls for hybrid "power plants", and our solution is a state-of-the-art platform and service model to provide this", says

Jarkko Avikainen, CEO of NSC EnergyOpti. He also highlights that with these solutions, companies will be able to meet the basic requirements of the commercial electricity market. "In addition, the energy stored in batteries can be offered as a packaged solution for use in several electricity marketplaces."

"The increasing integration of renewable energy production requires standardized and scalable solutions to enable offering the capacity the energy system needs fast and out-of-the-box. Together with NSC, we have further developed our solution for the needs of new types of service providers to combat the volatility of the electricity market", says Niko Jauhiainen, Head of Asset & Data Solutions, Energy & Utilities, Tietoevry Industry.

News of NSC and Tietoevry collaboration

For further information, please contact:

Niko Jauhiainen, Head of Asset & Data Solutions, Energy & Utilities, Tietoevry Industry
[email protected], tel. +358 50 918 5033

Jarkko Avikainen, CEO, NSC EnergyOpti Oy
[email protected], tel. +358 40 621 4639

Tietoevry creates purposeful technology that reinvents the world for good. We are a leading technology company with a strong Nordic heritage and global capabilities. Based on our core values of openness, trust and diversity, we work with our customers to develop digital futures where businesses, societies, and humanity thrive.

Our 24,000 experts globally specialize in cloud, data, and software, serving thousands of enterprise and public-sector customers in more than 90 countries. Tietoevry's annual turnover is approximately EUR 3 billion and the company's shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com

NSC EnergyOpti Oy is an energy market solutions company founded in 2023 that offers services related to energy storage and optimization. We have more than 60 years of experience and expertise in the energy industry, which gives us the foundation to offer customers energy solutions that enable them to respond to current changes and protect themselves from a turbulent market environment. NSC EnergyOpti Oy is domiciled in Finland and part of the New Stars & Company group. www.newstarsco.com