By 2030, emissions in industry are to be reduced by at least 58% in Germany. Renewable energies, battery storage and the flexibilisation of electricity demand are the determining components for achieving the long-term target. As a leading marketer of power flexibility, ESFORIN alreadymakes a significant contribution to CO2 reduction in Germany - without having to wait for the further expansion of renewables or storage technologies.
TÜV Rheinland certified the considerable CO2 reduction by ESFORIN and its‘ customers through ESFORINs marketing of available power flexibilities in intraday trading. In addition to the calculation method, the auditor TÜV certifies the total CO2 savings of over 197,000 tonnes for the year 2021. The savings are comparable to the emissions of over 760,000 flights from Düsseldorf to Palma de Mallorca for one person or of approx. 30,000 medium-sized cars with an average of 20,000 kilometres driven annually in Germany per year.1
The CO2 reduction is achieved through the intelligent use of flexibilities of ESFORIN customers. Depending on the electricity exchange price and thus the availability of renewable energy, e.g. industrial or biogas plants are ramped up or down to make room for renewable energies in the grid. The aim is to integrate as much renewable energy as possible. This not only saves CO2, customer also contribute to grid stability.
ESFORIN customers can have their annual CO2 savings calculated and issued as a certificate by TÜV Rheinland on the basis of the certified calculation method.
About ESFORIN SE
ESFORIN (Energy Services for Industry) is the leading provider of digital flexibility trading in the energy sector. The company was founded in 2014 by experienced energy entrepreneurs, currently employs over 40 people, and operates a highly sophisticated automated trading infrastructure that serves leading industrial and energy-intensive customers as well as municipal utilities. ESFORIN is headquartered in Essen and serves customers in Germany, Austria, the Netherlands, and the United Kingdom. In 2021, the company executed 3.9 million trades on EPEX Spot and generated revenue of 275 million euros.
1 The calculation is based on https://www.myclimate.org/
Press Reports
Handelsblatt: „A Kind of Negative Power Plant“ – How Flexible Electricity Trading Is Expected to Help the Energy Transition“
WIRTSCHAFTSWOCHE „How Industry Buys Electricity More Cheaply Thanks to an Algorithm“
TAGESSPIEGEL „Industrial Flexibility Is Making Inroads into the Electricity Market“
Press Contact
Dr. Theodora Trah | theodora.trah@esforin.com
