Today marks an exciting day in the Emaldo Journey.
We started the journey of becoming a registered BRP (Balance Responsible party) in Sweden and Denmark.
The team has been working hard behind the scene to ensure that Emaldo customers which make their Power Core’s available for the Emaldo Grid Rewards can expect market leading monthly payouts.
Everything is going according to plan and today we can announce that Emaldo is officially able to provide grid support services!
We would like to thank our customers, installers and dedicated team for achieving this important milestone.
To ensure the payouts to customers and installers are inline with expectations it's vital that we connect as many Power Core systems to the electricity Grid as possible.
While we are expanding our network, Emaldo is committed to continuing paying new and existing customers SEK2000 per month until we reach the amount of connected batteries to efficiently and effectively operate our Emaldo VPP (Virtual Power Plant).
Based on the current rate of installation we anticipate we will achieve critical installation capacity in July.
For now, we would again like to take this opportunity and thank everyone for achieving this amazing milestone.
Emaldo Grid Rewards FAQ
What is a Grid Balancing Reward Program?
A Grid Balancing Reward Program is an upcoming initiative that aims to incentivize participation in grid balancing activities. It will provide additional compensation to energy system providers who fulfill specific requirements outlined by Svenska kraftnät.
What are BSP and BRP?
BSP stands for Balance Service Provider, while BRP stands for Balance Responsible Party. These terms refer to roles within the electricity market:
Balance Service Provider (BSP): A BSP is responsible for providing services that help balance the electricity grid, such as managing fluctuations in supply and demand. BSPs play a crucial role in ensuring grid stability and reliability.
Balance Responsible Party (BRP): A BRP is responsible for ensuring that the electricity they produce or consume matches their contractual obligations within the electricity market. BRPs are accountable for maintaining balance and managing deviations between scheduled and actual electricity consumption or production.
Why is BSP and BRP status important for offering the Grid Balancing Reward Program?
To be eligible for the Grid Balancing Reward Program, energy system providers must hold both BSP and BRP status. This requirement ensures that participants have the necessary capabilities and responsibilities to effectively contribute to grid balancing efforts.
What is Emaldo® Grid Rewards?
Emaldo® Grid Rewards is a program that allows owners of the Emaldo® Power Core home energy systems to earn a passive income by contributing to grid stability through autonomous charging and discharging to and from the grid.
How does Emaldo® Grid Rewards work?
Owners of Emaldo® Power Core simply sign up for the Grid Program through the app. The system then autonomously manages charging and discharging to help stabilize the electricity grid. This process occurs seamlessly without any additional steps required from the user.
Why is compensation provided for participating in Emaldo® Grid Rewards?
The compensation is provided because owners of Emaldo® Power Core systems play a crucial role in addressing the instability introduced by increasing reliance on renewable energy sources. By allowing their systems to autonomously balance the grid, owners contribute to the overall stability of the electricity grid.
Who is eligible to participate in the Emaldo® Grid Rewards?
Currently, Emaldo Grid Rewards is only available to customers who purchase their energy from a few Swedish electricity companies. However, as of May 2024 this will change and it no longers matters who you purchase your energy from. Yet, as an Emaldo® Power Core owner in Sweden, you need not wait for this change. We presently guarantee a monthly payout of SEK 2,000, with the expectation of a potentially increased payout post-June 2024.
Is there any additional equipment required to participate in Emaldo Grid Rewards?
No, there is no additional equipment required. Everything needed for participation is integrated into the Emaldo® Power Core system. Users can continue using their system without any constraints while earning money through the grid balancing program.
Can I increase my earnings from Emaldo® Grid Rewards?
While the current guaranteed payout is SEK 2,000 per month, this will likely increase as we expand our VPP and more batteries are connected. Emaldo® continuously evaluates and updates its compensation structure to provide the best possible benefits to participants.
