enjoyelec and Concord New Energy Group Announce Strategic Partnership in Spain

Leveraging enjoyelec ’s AI expertise in battery storage optimization and energy trading, this cooperation aims to enhance the flexibility and stability of the Spanish energy grid. The market in the Iberian Peninsula provides significant arbitrage opportunities due to the mass influx of solar and wind energy, creating substantial revenue potential through day-ahead trading, live trading, and ancillary services.

enjoyelec’s auto bidding, smart charging and discharging plan, and intelligent dispatcher based on their energy AI technology will enable the generation of attractive clean energy and leverage the IRR of the investments by entering higher-level electricity markets. These markets allow for charging and discharging within the dynamic spot price, maximizing profits. This initiative aligns perfectly with CNE and enjoyelec’s mission to drive the energy transition and support sustainable energy solutions globally.

Aiming for profit opportunities of new energy investment in the electricity markets,the partnership will take advantage of three market segments:

1. Day-ahead Trading: The volatile nature of renewable energy prices creates substantial opportunities for battery storage systems to profit from price spikes and dips.
2. Intraday Trading: Flexibility in power generation and consumption allows for exploiting real-time price fluctuations.
3. Ancillary Services: Providing critical support for grid stability, battery storage systems can dynamically switch between charging and discharging in accordance with grid frequency.