Investment & Fund Management
leveraging advancements in technology and AI to enhance grid
Full Credential Description
Hybrid Greentech, based just outside Copenhagen, specializes in energy storage solutions aimed at increasing the integration of renewable energy into the electricity grid. The company, founded by Rasmus Rode Mosbæk, faced the challenge of balancing the often unreliable nature of renewable energy sources while phasing out more stable fossil fuels. To address this, Hybrid Greentech developed a virtual power plant system that aggregates stationary battery units and employs a data-driven AI software ecosystem to optimize energy supply and demand, ensuring grid stability.
The tailored solution provided by Hybrid Greentech includes expert consultancy and an energy trading system that allows clients, such as electric charge point operators and large energy users, to significantly enhance their operational efficiency. Specifically, the company claims to reduce the payback time for investments by ten years, increase operating profits by 40% annually, and decrease battery degradation by 61%. This business case is crucial for the sustainability of energy solutions in a market increasingly leaning towards renewable sources.
To support its growth and product development, Hybrid Greentech received a loan from EIFO, guaranteed by the EIF through the InvestEU programme. This financing enabled the company to expand its operations into northern European markets, with plans to launch in Sweden in 2024, followed by Finland and Norway. Initially starting as a one-man operation, the company has now positioned itself to meet the growing demand for stability services in the renewable energy sector, leveraging advancements in technology and AI to enhance grid management.