The German company connects power-producing assets from renewable sources (biogas, wind solar and hydro) with commercial and industrial power consumers and power-storage systems.
In less than ten years, Next Kraftwerke has become one of the game changers on the scene of green energy, by developing a new network technology that links and controls distributed energy resources. Next Kraftwerke also provides a Virtual Power Plant software as a service solution.
With a strong presence on the European market, in Germany, Austria, France, Poland, Italy, Belgium, Switzerland and the Netherlands, the company decided to examine markets outside of Europe such as the Asian market.
Consequently, in 2016, Next Kraftwerke participated at the inaugural business mission for Green Energy Technologies in Korea.
“In Korea, there is a great interest for Virtual Power Plants and this also means a great interest in our company.” – Ms Kerstin Pienisch, International Business Development, Next Kraftwerke (Germany)
EU Gateway | Business Avenues provided a considerable amount of market insights, put the company in contact with sector experts, organized site visits and helped the company understand how the support scheme was functioning.
Therefore, the mission enabled the company’s representatives to understand and get closer to the Korean green market and also to meet several potential key clients.
“Through the EU Gateway | Business Avenues programme, we gained a lot of insights from major players on the Korean electricity market” – Ms Kerstin Pienisch, International Business Development, Next Kraftwerke (Germany)
Beside the innovative product provided by Next Kraftwerke, most of the Korean business contacts were interested in regulatory conditions that made VPP possible.
Unlike Europe, Korea doesn’t have a control reserve market that is open to free market participants. This means that Next Kraftwerke’s concept of aggregating distributed, small-scale power producers and large-scale consumers to balance out the volatile feed-in of renewables was a brand new concept for Korean structures.
The Korean companies, which were very interested in the Virtual Power Plant product, had follow-up meetings in Cologne.
Moreover, there has been continuous contact and exchanges between the parties since initial contact. Concrete projects are yet to be developed.
If green energy technologies and solutions are sectors your company is interested in, know you can be a part of the programme too.
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