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The triumph of renewable energy increases energy independence but also highlights the bottlenecks of the energy sector and the grid. The main concerns are the limited transmission capacity of the grids and the fact that renewable energy production can be forecast and curtailed, but not managed in both directions. The solution lies in managing consumption and production, as well as in energy storage

Soleron Energy OÜ has joined the German-Baltic Chamber of Commerce (AHK), which operates in Estonia, Latvia, and Lithuania. Membership creates excellent conditions for us to expand our international network and develop partnerships with companies that share similar values and goals.

Soleron Energy has reached the next level: our aggregated portfolio now includes 4 MW of capacity that has successfully passed prequalification and is offered 24/7 to the frequency reserves market. Recently we completed the integration with the capacity market module, which enables us to earn additional revenue during hours when balancing services are not required.

Soleron Energy has recently completed a two-phase project that helps the client maximize the use of renewable energy and achieve stable and profitable energy production.

The profitability of energy storage depends on its purpose and application, whether it is ensuring supply security, achieving grid independence, or generating revenue. For example, storage can be beneficial in off-grid solutions, during power outages, for optimizing solar energy use, or participating in frequency reserve markets. The payback period is influenced by the size of the investment, the efficiency of storage management and electricity price fluctuations.