Secure the power grid in a profitable way
Flexibility services: Fortum Spring
Together with our customers, we commercially operate the largest virtual power plant, or "virtual battery”, in the Nordics. We use our deep expertise to make our customers' assets work automatically to secure the power grid in a profitable way.
Spring key features
Earn additional revenue
Historically reserve markets have had a potential from tens to hundreds of thousands
€/MW/y.
Fortum Spring - our virtual power plant solution
Fortum Spring is a demand response aggregator and operator within Fortum, offering a comprehensive virtual power plant solution. We connect flexible assets and batteries to our platform and provide this harnessed capacity to various energy markets, including ancillary services, via Fortum’s trading system.
By utilising the already existing assets for balancing services, we can create additional revenue streams for the asset owner and help the increased renewable production integrate better into our energy system.
Energy storages
Energy storage is a highly versatile asset that can support in variable ways, like peak shaving, time of use and SPOT optimization. With deep market knowledge and long experience of optimizing batteries to demand response markets we can provide you with additional stacked stream of revenue to reduce payback time of battery storage investment.
Read more about the globally unique model in which the market and regulatory requirements are met, in the case with the DSO Elenia.
Read moreReferences
Boosting greenhouse revenue with heating system demand response
Rising energy prices led Sigg-Plant nursery to invest in electric boilers for heating, unlocking new income with Fortum Spring.
Steel giant switches to 100% fossil-free electricity, cutting costs
Erasteel sought to cut CO2 emissions and electricity costs, choosing Fortum to navigate the complex energy market and meet their unique needs.
Fortum and Telia partner on new data center energy connection
Fortum and Telia partner to connect Helsinki Data Center to the energy market, using ABB's UPS systems to balance power fluctuations.
Fortum set to install the Nordic's largest battery to boost grid stability
Fortum to deploy the Nordic's largest battery at Sweden's Forshuvud hydropower plant on the Dalälven river.
Fortum and Elenia's battery stores power for outages and grid stability
Fortum and Elenia launched a battery in Kuru, Pirkanmaa, that regulates Fingrid’s grid and provides backup power during outages.
Fortum installs innovative battery at Sweden's Landafors hydropower plant
Fortum, Volvo Cars, and Comsys have developed an innovative battery solution for Sweden's Landafors hydropower plant, using hybrid car batteries to extend the life of both the turbines and batteries.
How to join our virtual power plant?
Ready to harness your assets for green value? Great! The process is simple. First, we roughly evaluate the technical and economic potential of the asset to see the demand response potential. Then, if we mutually agree that the asset is suitable, we continue with our five steps process.
Utilising HDC’s UPS equipment in the electricity market is an important part of a modern data center and the mitigation of environmental impacts. By participating in the reserve market, we can promote more renewable energy by providing support to the power grid
Read the news
