Nano Energies becomes licensed aggregator in Croatia

Czech-owned company Nano Energies Hrvatska has announced that it has become the first licensed independent aggregator on the Croatian market.

Nano Energies Hrvatska has fulfilled all the conditions and received a license for energy aggregating activities, the company announced, adding that it can now officially start providing flexible electricity generation or consumption services as the first licensed independent aggregator in the country.

Virtual power plants are slowly emerging in the region, with KOER launching such a project in Croatia, and similar activities taking place in Bosnia and Herzegovina.

Nano Energies Hrvatska said that rising energy prices, the war in Ukraine, the urge to decarbonize, and the need to digitize the grid have produced the need for urgent solutions to optimize the system, create flexible consumption, and reduce the carbon footprint of businesses, as well as households.

The virtual power plant is one such innovative solution that is now available on the Croatian market, the company said.

The model allows consumers to use electricity when it is cheap and produce it when it is the most expensive

According to the statement, Nano Energies Hrvatska is the first Croatian company to be issued a license for aggregation activities by the Croatian Energy Regulatory Agency (HERA).

Stanislav Chvála, executive director of Czech technology firm Nano Energies, said that flexible management can help increase revenues for customers by up to “several tens of percent.”

Experiences from Western markets demonstrate that flexibility aggregators replace fossil fuel and nuclear power plants and enable the transition to sustainable energy, Chvála said.

The company adjusts consumption and production so that the customer produces electricity when it is the most expensive, and consumes it when it is the cheapest.

The customer does not notice this during operation, because everything happens automatically, and at the same time it contributes to the stabilization of the network without the need to include coal-fired power plants for balancing, stressed Chvála.

Aggregation is an indispensable part of the decentralization of the energy system

Nano Energies says that the service focuses on the smart management and flexibility of electricity use. It offers companies and electricity producers the opportunity to manage their own electricity consumption and production in order to reduce costs and profit from the short-term electricity markets.

Dominik Maričević, director of Nano Energies Hrvatska, stated that aggregation has become an indispensable part of the accelerated decentralization of the Croatian power system.

The task of the company is to create a network of small producers, consumers, but also electricity storage facilities so that they can react and offer stability to the system at any time, but at the same time ensure access to profitable balance markets, Maričević added.