By ESS News
Tesvolt has set up a subsidiary in the field of energy trade that will use on algorithm-based trade to sell the services of a pool of a pool of 100 kWh to 10 MWh batteries.
The German manufacturer of commercial battery energy storage said that his Tesvolt Energy -daughter company will work with various “algotraads” on the energy company. The partners are Enspired in Vienna and Entrix and the Mobility House, established in Munich. It will bring traders into competition.
“With Tesvolt, we offer companies and industry a very, very lucrative opportunity to participate in energy trade in the [customer-side] Front-of-the-meter sector, “said Tesvolt CEO Daniel Hannemann.
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