ENGYcell

ENGYcell

Battery Energy Storage Systems optimizing energy costs and grid stability with scalable solutions.

HQ location
Riga, Latvia
Launch date
Enterprise value
$1—2m
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DateInvestorsAmountRound
N/A

€0.0

round
*

€250k

Seed
Total Funding000k
More about ENGYcell
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Engycell specializes in Battery Energy Storage Systems (BESS) designed to efficiently store and manage electrical energy. The company targets clients in the energy sector, including those involved in fleet management and high voltage grid operations. Engycell's business model revolves around providing scalable BESS solutions that range from 10 kW to 10 MW or more, tailored to specific use cases and technical requirements. Revenue is generated through the sale of these systems, priced per kWh, and by offering services such as trading electricity on energy exchanges like Nord Pool and providing frequency balancing services. The backend algorithms of Engycell's systems analyze hourly price fluctuations in energy markets to optimize performance, thereby decreasing electricity costs and increasing gross margins for clients. Engycell's offerings are particularly beneficial for businesses looking to enhance grid stability and reduce operational costs.

Keywords: Battery, Energy Storage, Grid Stability, Fleet Management, Energy Markets, Revenue Streams, Scalability, Cost Efficiency, Frequency Balancing, Power Output

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