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CheckWatt adds energy storage services

CNets spin-off company CheckWatt is expanding services with solutions to store energy and manage usage intelligently.

The fast growing market of private solar installations and electrical vehicles are followed by extended needs regarding the electrical infrastructure but also offer new possibilities for utilization. In 2019, the market for electric grid ancillary services was approximately 1.5 billion SEK. Svenska Kraftnät forecasts that it will double twice by 2023, driven by the growing share of intermittent power production (solar and wind) within the electricity mix and an increased integration within Europe (regulating power as an export product). Meanwhile the fees for the electrical network infrastructure grow significantly without smarter network solutions, so smart solutions that avoid unnecessarily future costs are needed, a conclusion that the European trade association has come to: “Smart storage and control before cable!”

With already more than 200.000 electrical vehicles registered in Sweden, each about 10 kW on average, these have already the same peak power as 2 nuclear power plants.
Electric cars are fundamentally changing the energy system, and they are rather an asset than a burden. The advantage of electric cars is that they do not have to be fully charged all the time. The effect can be adapted to the needs of the electricity network, cushioning peaks through utilizing off times.

EMS (Energy Management System) is a service for energy-related data and smart control for hybrid inverters (photovoltaic systems with connected battery storage for example) and electric car chargers that can minimize power-related costs locally in the building and perform frequency regulation for Svenska Kraftnät, which generates revenue for the owner.

Rita BurkertCheckWatt adds energy storage services