The Swedish Energy Tech Pioneer Flower has won Tech5 – the “Champions League of Technology”.
The company won the title of the hottest scale in Europe after developing a new way to store energy and stabilizing the network.
Flower works with customers who run battery storage systems -including EV fleets, home batteries, solar parks and data centers -in order to bring the power supply back into the net when demanding.
The company, based in Stockholm, uses its software platform to portfolios from Energy Assets and discover knowledge that leads memory and management strategies. This improves predictability and flexibility for both energy generators and for consumers.
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The result is a more balanced energy supply, more smooth integration of renewable energies, reduced dependence on fossil fuels, a stronger resilience of the networks and new sources of income for owners of assets.
“With a higher proportion of renewable energies, there is a lot of volatility and uncertainty,” said Hampus Jildenbäck, marketing director at Flower.
“The most efficient way to manage this volatility is to batter the energy storage of battery. If we want to rely on a fossil energy system, we have to solve many problems – this is the key.”
Way to the Tech5 title
Flower came from an outstanding selection list of Tech5 Challengers in seven regions: Benelux, Nordics, Dach, France, Southern Europe, Baltics and Great Britain and Ireland.
Our judges selected five impressive finalists from these competitors: Blume, Datasnipper (Netherlands), Swan (France), Gain.Pro (Netherlands) and Turing College (Lithuania).
Everyone was evaluated on growth, effects and future potential. All five achieved high in every category – but the flower bloomed directly over the rest.
Jildenbäck told TNW that the work of the scaleup would go beyond the stabilization and optimization of assets.
“We pursue a holistic ecosystem approach and not only use our storage portfolio to stabilize the power grid, but as an enabler for something bigger,” he said.
“We buy energy from wind and solar parks, use our storage portfolio to manage their volatility, and then can supply society with cheap, reliable and planned green electricity, which was the sacred grail of renewable energies so far.”
Future energy
Flower's victory in Tech5 was announced today at the TNW conference in Amsterdam.
Jildenbäck described the winning of the competition as “a real proof of our mission and motivation to keep the entire team on to continue the work we have started”.
With regard to the future, he said that Flower is planning to expand into six European markets and to work with the wider European ecosystem for energy and tech ecosystems to enable tomorrow's energy system.
The profit of Tech5 laid flowers alongside some of the best scale -ups in Europe. The former winners include FinTech Giant Revolut, Food Recovery app to go too well and online supermarket picnic. Now flowers join them and gives the Green Tech landscape a new growth.
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