- Nokia’s Enscryb secures partnership with Norwegian firm NODES to enable energy flexibility trading.
- First customers, Nanqu and Smartecon, join the platform to optimise renewable energy investments.
What happened: Nokia launches Enscryb platform
Nokia has launched its new energy platform, Enscryb, which aims to improve the way energy systems are managed. Enscryb has teamed up with NODES, a Norwegian energy trading company. Together, they will trade flexibility resources and Distributed Energy Resources (DERs), which include small-scale electricity generation and storage. These resources help balance the grid when needed, making it more stable and efficient. This partnership will also involve trading between System Operators and Flexibility Service Providers, which include large industrial and commercial assets.
Nokia’s Enscryb platform uses technology from Nokia’s Bell Labs. It helps simulate energy systems of all sizes, from large grids to smaller connected assets. This technology helps energy companies make better decisions by analysing market data and the infrastructure of clients. Enscryb will also help forecast renewable energy investments, making them more reliable and financially viable. The platform is already seeing interest from two new customers. Nanqu, a charging infrastructure company, and Smartecon, which builds large-scale renewable energy projects, have both signed on to use the platform.
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Why it’s important
The launch of Enscryb is an important development for Nokia and the energy sector. The platform helps address the growing need for energy digitalisation and flexibility as the world moves towards more renewable energy sources. With this partnership, Enscryb is helping energy companies make better decisions and improve the way they manage energy resources. The ability to trade flexibility resources and optimise DERs will play a big role in stabilising grids, especially as renewable energy production can fluctuate.
Enscryb also supports Nokia’s sustainability goals. The platform provides tools to improve the performance of renewable energy systems from the start. It also helps companies better plan for energy storage needs and solar energy systems. As 5G networks expand, ensuring efficient energy use will become even more important. This platform aims to support that transition by providing accurate insights and forecasts.
