Listed Vimab's subsidiary Vimab BESS - a prominent player in the energy industry - has been approved by the relevant authorities as both a balance responsible and electricity trading company. This is a milestone and strengthens Vimab BESS as a provider of high-quality energy solutions.
As a balance responsible party, Vimab BESS has a financial responsibility to ensure that the electricity supplied and withdrawn is always in balance at the entry and exit points covered by the balance responsibility. This is essential to maintain the stability of the electricity network and avoid possible power outages.
"We are now taking the decisive step into the energy market and, as far as I know, we are the only player offering a comprehensive solution. By being both an electricity trading company and a balance manager, we can now offer a complementary solution that rationalises energy consumption and enables profitable electricity trading. Given the phase-out of fossil fuels and increased electrification in industry, we expect strong growth in this market," says Peter Fredell, CEO of Vimab Group AB.
Furthermore, Vimab BESS will now act as an electricity trading company, enabling the purchase and sale of electricity on the free market in competition with other electricity trading companies. One of the unique advantages of being a balance manager and electricity trading company is the possibility to trade on the electricity exchange without unnecessary intermediaries. This creates added value for customers by enabling cost-effective and profitable energy supply while maintaining the stability of the electricity network.
In addition to these services, Vimab BESS already offers large battery storage and energy solutions to manufacturing industries, other companies and the public sector. Vimab BESS is involved in the entire process, from battery installation to energy efficiency solutions and frequency regulation. Vimab BESS also provides advanced software to manage battery operation, energy optimisation and energy trading, which has been developed in-house and is also offered to its customers.
By now being authorised as a balance responsible and electricity trading company, Vimab BESS can offer a complete service around battery storage and frequency regulation. This service will also be offered to customers who have not purchased batteries from Vimab BESS. The company has designed a competitive offer both in terms of price and quality to meet the needs and wishes of customers.
