FaaS: You bring your flex asset, we monetize it, you profit
We provide Flexibility as a Service (FaaS), offering an all-inclusive solution for your flexibility needs. As a one-stop shop, we support you every step of the way, from your initial consultation to achieving seamless technical market connections. Our scalable virtual power plant pools flexible energy resources, connecting flexibility providers to various layers of the energy market, such as traders, prosumers, DSOs, and TSOs. Our services encompass the connection, integration, management, and trading of flexibility assets. We create new revenue streams for our customers by strategically bidding across multiple markets to increase profitability. In addition to balancing services – FCR, aFRR, and mFRR, including Free Energy Bids and redispatch services -, the assets can be monetized on the wholesale markets, including day-ahead and intraday markets.
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Successful projects
Functionalities and supported features
1. Interoperability
- Asset agnostic IoT platform
- Communication protocols
- OEM one-stop-shop
- Dispatch & curtailment of assets
- Baseline & flexibility forecasting
- Price & revenue forecasting
2. Control
- Deviation fighter
- Direct control
3. Trading
- Autobidder
- Free energy bids
- Multi-Marketing
- Management of positions/commitments
- Support of established Intraday-Trading Systems
4. Optimization
- Aggregation/Disaggregation
- Demand response management
- Battery management
- Flexibility hybridization
- Behind the meter/local optimization
- Customer portal / monitoring
5. Accounting
- Asset, group, and market-based accounting
- Automated reporting
- Revenue sharing
- Contribution margin sharing
- Real-time data management
- Economic valuation of operation and settlement
6. Operations
- User management / roles
- IT-Sec audits
- IT-Performance monitoring
- 2-Factor authentication
- Alerting system
- BESS calibration
7. Software design
- Microservices architecture
- Notification and alarming
- Test-environment on AWS
- Fall-back procedure
8. Optional services
- Imbalance compensation
- Generation asset curtailment
- Prequalification for frequency services
- Consulting
- White labelling
- Market reports
Revenue you can generate
BESS
- Make up to 300k Eur/MW/a
- Additional revenues + 30% with free bids
Hydro
- Make up to 74k EUR/MW/a
- Additional revenues + 30% with free bids
Power-to-Heat
- Make up to 150k EUR/MW/a
- Additional revenues + 30% with free bids
*This is a sample calculation for participating in multiple markets based on energy and ancillary services market prices in 2024. The calculation is for illustrative purposes only. No claims whatsoever can be derived from this calculation.
Features
Customize our cutting-edge software solution, rebrand, and market it on your own. You can quickly deploy a robust and scalable Virtual Power Plant (VPP) under your brand, enhancing your market presence and customer engagement.
Offer advanced flexibility management services without the extensive time and resources required for in-house development.
The solution is built on a micro-service architecture which ensures the ability to scale resources to meet demand spikes, ensuring consistent performance during varying load conditions. The system is designed to scale easily enabling simple and seamless adding of the envisioned number of distributed energy resources and users. Resource-scaling can be implemented automatically, without manual intervention. We ensure a secure connection to markets and flexibility assets via APIs or RTUs.
The Kubernetes based microservice architecture comprises modular components for different functionalities, which allow easy updates and maintenance as well as scalability by design and simple replacement of feature with customer specific modules.
Our software guarantees consistent and reliable communication, enabling seamless integration with diverse systems. We prioritize security and stability, minimize downtime, and meet the performance benchmarks with fast response times and minimal latency in data processing.
The solution is able to support a satisfying number of processing transactions per second -even during peak operational hours/periods- without degradation in performance.
*SAAS is provided under the assumption that the customer has or will have technical access to the targeted markets, including markets for balancing services. Furthermore, it is understood that the customer operates his own balance group and is already qualified for balancing services as a Balancing Service Provider (BSP).
How does it work?
CyberConnect acts as a bridge between your energy assets and the CyberNoc platform. By collecting and transmitting data from your assets to CyberNoc, CyberConnect enables real-time monitoring, advanced analytics options, and precise control. This seamless connection ensures that your assets operate at peak efficiency in the VPP, providing maximum value and performance.
How does it work?
CyberConnect acts as a bridge between your energy assets and the CyberNoc platform. By collecting and transmitting data from your assets to CyberNoc, CyberConnect enables real-time monitoring, advanced analytics options, and precise control. This seamless connection ensures that your assets operate at peak efficiency in the VPP, providing maximum value and performance.
Seamless connectivity via OEM interfaces
We provide an alternative connection to assets using Original Equipment Manufacturer (OEM) interfaces, offering our customers additional benefits.
Advantages of OEM interface connectivity:
OEM interfaces offer significant advantages in terms of integration, performance, security, support, monitoring, scalability, uptime, and cost efficiency. These benefits contribute to the overall effectiveness and reliability of connected assets, ensuring excellent management and operation in various industrial and technological environments
Seamless integration
OEM interfaces are designed to work seamlessly with the hardware or software they originate from. When connected to assets using CyberNoc software, this ensures minimal risk of incompatibility issues and optimized data exchange and communication protocols.
Enhanced monitoring and control
Benefit from accurate and detailed asset monitoring along with enhanced control mechanisms that are finely tuned to the asset’s capabilities and specifications.
Scalability and cost efficiency
Easily expand and integrate additional assets while maintaining consistency and reliability. OEM interfaces can be cost-effective in the long run due to lower maintenance costs.
Proactive maintenance
Utilize advanced diagnostics and predictive maintenance features to preemptively address potential issues.
Custom solutions
CyberGrid understands that every business has unique needs. Therefore, we provide customer-specific development of additional features and tailor-made modules to support specific use cases.
For example, we offer:
Additional services with FaaS:
- Balancing Responsible Party (BRP)
- Balancing Service Provider (BSP)
- Access to TSO balancing markets
- Access to power exchange spot markets
- Market communication
- Guarantees to TSO provided by CyberGrid
- Risk management
- Registrations
- Contract with clearing bank
- Hosting
- Prequalification services
- API implementation
- Initial set-up
- RTUs
- REMIT services
- Other services: consulting & customization
How does it work?
CyberConnect acts as a bridge between your energy assets and the CyberNoc platform. By collecting and transmitting data from your assets to CyberNoc, CyberConnect enables real-time monitoring, advanced analytics options, and precise control. This seamless connection ensures that your assets operate at peak efficiency in the VPP, providing maximum value and performance.
Frequently asked questions
How does Flexibility as a Service (FaaS) support flexibility providers in the energy market, and which stakeholders are involved in this ecosystem?
Do you provide a customer portal?
In addition to the core software and service offerings, what additional consultancy and customization options are available to clients using Flexibility as a Service?
What is the standard ownership agreement of the service provided by your company?
20+ successful EU-funded projects
Innovation is our DNA
CyberGrid is at the forefront of various prestigious and impactful projects, supported by significant European and national research and innovation programs. Some of the innovation projects include: Horizon Europe, Horizon 2020, EU Innovation Fund Project, FP7 (Seventh Framework Programme), Austrian Research Promotion Agency, Eurostars, FFG Climate and Energy Fund, Vorzeigeregion Energie.
CyberGrid has formed partnerships internationally, confirming our expertise in software development. Our impressive track record of EU-wide innovation projects, designed to deliver breakthroughs on economic and societal levels, proves that CyberGrid has converted pilots and demonstrations into actual technological products at minimum costs. Some of the EU-funded projects in which we participated are:
SPRINT
Advancing sodium-ion batteries for sustainable energy storage.
Green the Flex
Integration of around 3000 decentralized devices into a virtual power plant (VPP).
Commitment to Innovation
CyberGrid’s ongoing commitment to innovation is evident through its active participation in these high-impact projects. By leveraging cutting-edge technology and fostering strategic partnerships, CyberGrid continues to drive advancements in energy flexibility, smart grids, and sustainable energy solutions.
Looking ahead
As a recognized leader in energy innovation, CyberGrid remains dedicated to shaping the future of the energy sector. Through continuous research, development, and collaboration, CyberGrid is poised to deliver solutions that meet the evolving demands of the energy market and contribute to a sustainable and efficient energy future.
Partner with CyberGrid
By partnering with CyberGrid, you gain access to a wealth of knowledge and experience in the energy market. Our consulting services are designed to provide you with the tools and insights needed to succeed in the ever-evolving landscape of smart grids and energy flexibility. Let us help you turn challenges into opportunities and drive your business towards greater success.
For more information on how our consultancy services can benefit your business, contact CyberGrid today.
Flexibility Management Platform in action
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