We are approaching the end of the year, a good time to look back and reflect on what Equigy achieved in 2024. But before we look back, let’s briefly review the relevance of Equigy and why we do what we do. As there is a growing need from the European TSOs for more balancing capacity from non-traditional resources in the coming years, as well as a continued increase in available Distributed Energy Resources (DER). Indicating why it is essential that the potential of increasing amount of DERs can be used to support the balancing needs of the European TSOs.

Equigy

At the beginning of 2024 Equigy re-aligned and focused its company strategy to ONE COMMON FRONT DOOR. Aiming at reducing the technical barriers for DER aggregators to connect to the TSO balancing markets, by providing easy access with a standard interface across multiple countries. Every output of the last year has been delivered keeping this strategy in mind, and will continue to drive the Equigy activities for coming years.

To realize the ONE COMMON FRONT DOOR strategy, Equigy as a company, including its execution capability has grown significantly over de course of 2024. We have teamed up with two strong and skilled partners for the further development of the Crowd Balancing Platform (CBP). As Capgemini has taken the role of service provider for the CBP and the hosting of the platform is moving to AWS. The purpose of these extensive changes is to ensure an ultra-robust and future ready platform going forward. By moving away from the initial blockchain technology to an event processes architecture, Equigy can scale and modify the CBP more efficiently going forward, while simultaneously increasing the reliability of the platform. All of which are crucial considering the increasing essential role the CBP will have in balancing the TSO’s energy grid.

2024 has also been the year in which Equigy has established its roadmap for the product rollout over the coming two years. Aiming at having balancing products across all its shareholders countries accessible via the CBP in 2026. Multiplying the balancing and flexibility services accessible to DER aggregators via the CBP.

Market impact

Overall achievements in 2024 include the go-live of Equigy’s CBP towards Austrian TSO APG for aFRR and redispatch services, and a massive increase in aFRR market participation via CBP in the Netherlands. Market parties on the CBP now have a significant share in supporting TenneT Netherlands with balancing the grid, while simultaneously monetizing their own DER assets. These are the first deliverables of realizing the mission of Equigy to increase participation of DERs in the TSO balancing markets. And it does not end here, as more new parties are already lined up to connect in 2025.

In addition to the production services in Austria and the Netherlands, for other countries progress has been made to prepare the CBP for the corresponding TSO balancing markets. For the German TSOs the CBP has been made ready for redispatch 2.0, and in Italy the TSO-DSO coordination has finalized its first phase.

2024 has been pivotal year for Equigy, marked by decisive achievements and changes. These feats span the Platform (CBP), the company, and Equigy’s market impact. And we plan on exceeding the 2024 achievements even further in the upcoming year. Connecting with even more market parties to increase participation of DER aggregators in the TSO balancing markets.

More on that in the upcoming blog focusing on the goals and expectations for 2025.