The partnership
In the relentless pursuit of driving forward the energy transition, enspired teamed up with Austrian sustainable electricity provider oekostrom AG. Within the scope of the partnership, enspired took on oekostrom AG's renewable position closings to lower imbalance costs and ensure stable grid integration of renewable generation.
The customer
oekostrom AG is an independent producer and supplier of electricity from renewable energy sources. An industry pioneer appreciated for transparency and fairness on all levels by customers and shareholders alike, the company has been actively driving the transformation of large-scale energy production. oekostrom AG is known for its devotion to an ecological and sustainable energy supply and generates 100% clean electricity from wind and solar power plants.
Founded in 1999 out of the anti-nuclear and climate protection movement, oekostrom AG is now the largest independent energy service provider in Austria, offering a wide range of options for people who want to make an active contribution to a clean energy future – whether as a customer, shareholder, producer or simply a committed individual.
“Our environmental philosophy aligns 100 % with enspired’s, and we are thrilled to work with them on the implementation of climate solutions. By outsourcing our renewable position closings to them, we managed to cut our imbalance costs considerably. Our shared goal of advancing the energy transition has us excited for future joint activities with the opportunity to explore co-location in the battery space."
Maximilian Kloess
Managing Director Trading at oekostrom AG
The use case
enspired executes position closings for oekostrom AG's renewable asset portfolio on the short-term power exchange. The trading volume is expected to grow in the future and currently amounts to around 100MW of hydro, wind, biomass and PV capacity. With a fully automated 24/7 service, enspired minimizes the imbalance costs incurred to compensate for the deviations between forecast and actual electricity consumption. This eliminates the need for an internal short-term trading desk and allows oekostrom AG to reduce energy and staffing expenditures, freeing up more resources to concentrate on the essentials of the core business.
enspired integrates a smooth and reliable trading setup that prepares oekostrom AG for upcoming growth phases by enabling a portfolio expansion without any extra in-house costs. “Our environmental philosophy aligns 100% with enspired’s, and we are thrilled to work with them on the implementation of climate solutions. By outsourcing our renewable position closings to them, we managed to cut our imbalance costs considerably. Our shared goal of advancing the energy transition has us excited for future joint activities with the opportunity to explore co-location in the battery space,” says Maximilian Kloess, Managing Director Trading at oekostrom AG.
The environmental edge
Holding sustainability in the same high regard on an organizational level, enspired and oekostrom AG complement each other well. The collaboration ensures optimal utilization of renewables in the market and cements a commitment to ecologically conscious efforts on both sides. “The people behind oekostrom AG are exemplary forerunners of the clean energy movement, and this makes us more than eager to work with them on ongoing and future projects. Environmental responsibility is ingrained in both our DNAs, and we couldn’t have asked for a better ally to keep the ball rolling in that direction,” Jürgen Pfalzer, CGO of enspired, comments on the harmony of the partnership.
“The people behind oekostrom AG are exemplary forerunners of the clean energy movement, and this makes us more than eager to work with them on ongoing and future projects. Environmental responsibility is ingrained in both our DNAs, and we couldn’t have asked for a better ally to keep the ball rolling in that direction."
Jürgen Pfalzer
Chief Growth Officer at enspired