Emaldo Signs Twig to Open Nordic Trading Markets to Home Battery Fleet
Emaldo has partnered with Danish energy aggregator Twig to widen market access for its battery storage customers in Denmark, Sweden and Finland, ESS News reported.
The scale behind the deal sits in Emaldo's existing customer base. According to ESS News, Emaldo said in July that customers earn more than EUR 1 million per month through its Grid Rewards program, drawing on over 150 MW of controllable capacity.
Twig runs an automated platform spanning asset aggregation, forecasting, optimization and trading, with coverage of day-ahead, intraday, imbalance and ancillary service markets in Europe, the United States and Japan, per ESS News. The company was founded in Denmark in 2021.
This is Emaldo's second aggregation tie-up in short order. ESS News reported that the Twig agreement follows a deal Emaldo struck in July with Swedish balance responsible party Bixia, aimed at expanding ancillary service market access in Sweden. The Bixia arrangement was confined to one country; the Twig arrangement reaches across three.
For distributed battery owners, the route to revenue runs through a party that can bid aggregated capacity into wholesale and reserve markets. Twig's stated coverage of imbalance and ancillary services alongside day-ahead and intraday trading gives Emaldo's fleet more than one product to sell from the same asset.
Source: ess-news.com (opens in a new tab)1 sourcePermalink