Building a virtual power plant with our customers
Together with our customers, we commercially operate the largest virtual power plant, or "virtual battery”, in the Nordics. We make our customers' assets work automatically to secure the power grid in a profitable way.
Spring key features
Earn additional revenue
Historically reserve markets have had a potential from tens to hundreds of thousands €/MW/y.
Green value
- FFR can help removing generators running on fossils and maintain grid stability.
- FCR can help supporting when cloud goes over sun, or everybody plugs in their EV after work at the same time.
- FRR helps adjusting to world with more and more solar/wind.
No monthly fees, no project costs, no hardware costs.
Win-win: Our revenue share model incentivizes us to work together with our customers to find the best markets for their application.
Trading and optimization excellence
Having decades of experience from trading and optimization in Nordic energy markets and being the first service provider in several markets in Nordics is a result of thinking also reliability aspects like:
- Cyber security
- Standardized, scalable, well tested and matured solutions
- Business continuation safety functions
Earn additional revenue
Historically reserve markets have had a potential from tens to hundreds of thousands €/MW/y.
Green value
- FFR can help removing generators running on fossils and maintain grid stability.
- FCR can help supporting when cloud goes over sun, or everybody plugs in their EV after work at the same time.
- FRR helps adjusting to world with more and more solar/wind.
No monthly fees, no project costs, no hardware costs.
Win-win: Our revenue share model incentivizes us to work together with our customers to find the best markets for their application.
Trading and optimization excellence
Having decades of experience from trading and optimization in Nordic energy markets and being the first service provider in several markets in Nordics is a result of thinking also reliability aspects like:
- Cyber security
- Standardized, scalable, well tested and matured solutions
- Business continuation safety functions
Fortum Spring - our virtual power plant solution
Fortum Spring is a demand response aggregator and operator within Fortum, offering a comprehensive virtual power plant solution. We connect flexible assets and batteries to our platform and provide this harnessed capacity to various energy markets, including ancillary services, via Fortum’s trading system.
By utilising the already existing assets for balancing services, we can create additional revenue streams for the asset owner and help the increased renewable production to integrate better to our energy system.
Energy storages
Energy storage is a highly versatile asset that can support in variable ways, like peak shaving, time of use and SPOT optimization. With deep market knowledge and long experience of optimizing batteries to demand response markets we can provide you with additional stacked stream of revenue to reduce payback time of battery storage investment.
Read more about the globally unique model in which the market and regulatory requirements are met, in the case with the DSO Elenia.
Distributed assets
We provide access to market for OEM’s and system integrators/technical aggregators. In order to connect smaller residential assets, we work in collaboration with our new business unit called Hiven.
Energy storages
Energy storage is a highly versatile asset that can support in variable ways, like peak shaving, time of use and SPOT optimization. With deep market knowledge and long experience of optimizing batteries to demand response markets we can provide you with additional stacked stream of revenue to reduce payback time of battery storage investment.
Read more about the globally unique model in which the market and regulatory requirements are met, in the case with the DSO Elenia.
Distributed assets
We provide access to market for OEM’s and system integrators/technical aggregators. In order to connect smaller residential assets, we work in collaboration with our new business unit called Hiven.
References
Boosting greenhouse revenue with heating system demand response
Rising energy prices led Sigg-Plant nursery to invest in electric boilers for heating, unlocking new income with Fortum Spring.
Read more
Steel giant switches to 100% fossil-free electricity, cutting costs
Erasteel sought to cut CO2 emissions and electricity costs, choosing Fortum to navigate the complex energy market and meet their unique needs.
Read more
Fortum and Telia partner on new data center energy connection
Fortum and Telia partner to connect Helsinki Data Center to the energy market, using ABB's UPS systems to balance power fluctuations.
Read more
Fortum set to install the Nordic's largest battery to boost grid stability
Fortum to deploy the Nordic's largest battery at Sweden's Forshuvud hydropower plant on the Dalälven river.
Read more
Fortum and Elenia's battery stores power for outages and grid stability
Fortum and Elenia launched a battery in Kuru, Pirkanmaa, that regulates Fingrid’s grid and provides backup power during outages.
Read more
Fortum installs innovative battery at Sweden's Landafors hydropower plant
Fortum, Volvo Cars, and Comsys have developed an innovative battery solution for Sweden's Landafors hydropower plant, using hybrid car batteries to extend the life of both the turbines and batteries.
Read more
How to join our virtual power plant?
Ready to harness your assets for green value? Great! The process is simple. First, we roughly evaluate the technical and economic potential of the asset to see the demand response potential. Then, if we mutually agree that the asset is suitable, we continue with our five steps process.
Click the button below to get started.
Read more
Watch now
Join the largest virtual power plant in the Nordics today
Antti Mäkinen
Business Development Manager, Finland
Tel: +358 46 5000 4660
antti [dot] makinen [at] fortum [dot] com
Mui Nguyen
Business Development Manager, Sweden
Tel: +46 72 210 8361
mui [dot] nguyen [at] fortum [dot] com