Renewables asset manager Peak Wind has acquired a minority stake in energy storage start-up Hybrid Greentech.
Peak Wind has made a strategic equity investment in the battery start-up, following a partnership formed in 2021.
Peak Wind also has the option to increase its stake to 27.5%, subject to the fulfilment of certain objectives.
“With this investment, we will be able to provide energy management services and solutions, which – in the near future – will be pivotal as the entire power system needs to cater for more renewable electricity and consequently more intermittency,” said Lars Nagstrup Conradsen (pictured), co-founder of Peak Wind.
Hybrid Greentech was founded in 2018 by Rasmus Rode Mosbaek who has assembled a group of researchers from DTU specialising in energy storage management and virtual power plant technology.
Since its inception, Hybrid Greentech has developed a proprietary software system, HERA, which enables the company to intelligently size and manage battery solutions in order to leverage the full revenue potential and optimize the lifetime cost of energy storage.
Hybrid Greentech offers advisory services and technical evaluation of solutions for battery energy storage, including degradation analysis for sizing of battery energy storage solutions.
It also provides virtual power plant software for aggregating energy storage and power-to-x systems.
Customer segments include shipping, aviation, large scale charge point infrastructure, large energy users and generators.