Case
About the Company
Flex Power bridges the gap in renewable energy generation by complementing the volatile production of renewable electricity with flexibility from batteries. This requires quick and decisive actions in short-term electricity markets. We take calculated risks, act swiftly and decisively and provide an uncomplicated market entry.
Initial Situation
In 2022, CF Flex Power (Flex Power) entered the market as an energy trader in an environment of highly volatile electricity prices, highlighting a growing demand for flexible solutions for renewable energy.
Goal
With aggregation, Flex Power aims to further expand its energy trading portfolio. At the same time, complex market communication processes should be reliably managed.
Solution
Within just two weeks, CF Flex Power GmbH (Flex Power) implemented the Lumenaza SaaS platform, enabling the launch of a new aggregation offering in record time. As a result, the energy trader, founded in 2022, benefited from the shortest market entry time for an aggregation service and integrated the first renewable energy plants into the new offering shortly after its launch.
»The current price volatility is a clear sign of the increasing demand for flexibility, which is essential to move closer to the goal of 100% renewable energy supply. With Lumenaza, we have gained a strong partner with years of experience in aggregation and the associated electricity market processes. Lumenaza provides us with an experienced partner for market communication, allowing us to focus on our core business in flex trading.«
Amani Joas, Managing Director of Flex Power
Result
With the support of the Lumenaza SaaS platform, Flex Power can continue to focus on its core competencies in renewable energy trading. Lumenaza's SaaS platform handles all processes related to the aggregation of renewable energy assets, including contract management, plant registration with the grid operator and revenue settlement, including redispatch compensation. The platform receives all necessary data through digital data interfaces, enabling users to achieve very short registration times when starting aggregation for their own or their customers' assets. During operation, the platform ensures legally compliant monthly billing with producers and plant operators.
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