Energy Pool, a leading provider of energy flexibility and balancing services, and ESFORIN, a European specialist in algorithmic trading on wholesale electricity markets, announce the formation of a strategic partnership. Together they aim to maximize revenues from batteries and other flexible assets through a turnkey cross-market solution for customers.
Two market leaders, two complementary areas of expertise - a unique offering
Energy Pool, a pioneer in France with 15 years of experience in the field of flexibility, is a leading independent provider of balancing energy and balancing responsible party (BRP). The company has been active in the field of balancing energy from the very beginning. Energy Pool manages over 8 GW of flexible assets, including more than 1,200 MW of battery energy storage systems (BESS) and supports its customers throughout the entire life cycle, from technical certification to daily operational management on the reserve markets.
As a pioneer in the German market, ESFORIN can look back on over 10 years of experience in algorithm-based intraday trading with flexibilities and is the leading optimizer of battery energy storage systems (BESS) in Germany. The company has flexible assets with a total capacity of over 2.5 GW under contract, including more than 250 MW of battery storage, and has a strong track record in optimizing revenues in the wholesale market, particularly in the intraday sector.
A turnkey, cross-market solution that covers both balancing energy and the wholesale market.
Figure 1: Energy Pool’s and ESFORIN’s Cross-Market Optimisation
This partnership utilizes the complementary strengths of both companies. Customers benefit from the following advantages:
- A strategy to increase sales: value creation from both balancing energy and market opportunities in wholesale trading (day-ahead and continuous intraday trading)
- Intelligent real-time dispatch, optimization of market signals taking into account technical and operational constraints
- A single point of contact, a single contract and a simplified interface
- Cross-border coverage, first launch in France and the Netherlands, further expansion planned in Europe
"By combining ESFORIN's expertise in algorithm-based trading on the wholesale electricity markets with our extensive operational expertise in reserve power and balancing energy, we now offer our customers a unique, performance-oriented solution," says Olivier Baud, Chairman and founder of Energy Pool.
"This cooperation combines outstanding expertise in the areas of balancing energy and wholesale markets and offers a seamless, revenue-maximizing solution in Europe," emphasizes Christian Hövelhaus, CEO and founder of ESFORIN SE.
