„The company aims to address the growing need for efficient energy consumption and production management, actively contributing to the transition toward renewable energy sources and the creation of a sustainable energy system,” reads the company’s report.
Through its new business line, the Company offers integrated solutions tailored to the specific needs of each client. These solutions cover all necessary stages, from design and procurement to construction and installation, ensuring optimal implementation of energy storage technologies. The backbone of these solutions, BESS (Battery Energy Storage Systems), utilizes rechargeable batteries to store energy generated from renewable sources, making it available to consumers based on their requirements.
The capacities of these systems range from small-scale residential applications under 10 kWh to medium-scale commercial and industrial solutions of up to 1 MWh, and large-scale projects for electric supply producers.
With BESS systems, the Company delivers solutions that optimize energy production revenues by storing surplus energy during periods of overproduction and maximizing self-consumption during favorable conditions, using forecasting algorithms to reduce costs.
Additionally, these systems allow intelligent management of storage capacity based on the customer’s consumption profile, ensuring the necessary power input into the grid to handle peak demand periods.
Moreover, these systems facilitate active participation in the energy balancing market by optimizing voltage and frequency calibration. Thanks to their rapid response, the systems are eligible for providing ancillary services, including secondary reserve adjustment. Furthermore, BESS systems enhance stability by compensating for grid interruptions and operating in isolated mode during critical situations, addressing imbalances when necessary.
Simtel posted RON172.3 million operating revenues in the first nine months of 2024, down 19% from the year-earlier period, and RON6.6 million net profit, 60% lower than in the same period of 2023.
The company’s shares have lost over 10% since the beginning of the year amid capitalization worth around RON300 million.
(English version by Catalina Apostoiu)