Swedish vitality tech pioneer Flower has gained TECH5 — the “Champions League of Know-how.”
The corporate clinched the title of Europe’s hottest scaleup after creating a novel technique to retailer vitality and stabilise the grid.
Flower works with shoppers operating battery storage programs — together with EV fleets, house batteries, photo voltaic parks, and knowledge centres — to push energy again into the grid when demand spikes.
The Stockholm-based enterprise applies its software program platform to portfolios of vitality belongings, uncovering insights that information storage and administration methods. This improves predictability and adaptability for each vitality producers and customers.
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The result’s a extra balanced vitality provide, smoother integration of renewables, lowered reliance on fossil fuels, stronger grid resilience, and new income streams for asset house owners.
“With a better share of renewable vitality comes loads of volatility and uncertainty,” stated Hampus Jildenbäck, advertising and marketing director at Flower.
“Essentially the most environment friendly technique to handle that volatility is thru battery vitality storage, and if we wish to depend on a fossil free vitality system, we might want to resolve loads of issues — that is the important thing one.”
Path to the TECH5 title
Flower emerged from a standout shortlist of TECH5 challengers throughout seven areas: Benelux, the Nordics, DACH, France, Southern Europe, the Baltics, and the UK and Eire.
From these contenders, our judges chosen 5 formidable finalists: Flower, DataSnipper (Netherlands), Swan (France), Achieve.professional (Netherlands), and Turing School (Lithuania).
Every was assessed on progress, impression, and future potential. All 5 scored extremely in every class — however Flower bloomed simply above the remaining.
Jildenbäck advised TNW that the scaleup’s work goes past grid stabilisation and asset optimisation.
“We take a holistic ecosystem strategy, utilizing our storage portfolio not solely to stabilise the ability grid, however as an enabler for one thing greater,” he stated.
“We purchase vitality from wind and photo voltaic farms, use our storage portfolio to handle their volatility and are then capable of provide society with low cost, dependable, and plannable inexperienced electrical energy, which has up to now been the holy grail of renewable vitality.”
Future vitality
Flower’s victory in TECH5 was introduced at this time at TNW Convention in Amsterdam.
Jildenbäck described profitable the competition as “a real testomony to our mission and motivation for holding the entire staff persevering with the work we now have began.”
Wanting forward, he stated Flower plans to increase into six European markets and collaborate with the broader European vitality and tech ecosystem “to allow the vitality system of tomorrow.”
Profitable TECH5 places Flower alongside a few of Europe’s high scaleups. Previous winners embody fintech large Revolut, meals restoration app Too Good To Go, and on-line grocery store Picnic. Now Flower joins them, including contemporary progress to the inexperienced tech panorama.
