Project MyEnergy – Call EIT Manufacturing accepted

Project MyEnergy – Call EIT Manufacturing accepted

Novitech a.s. is proud to announce acceptance of our project “MyEnergy” for the Call “Evolution of RIS Innovations” which is managed by EIT Manufacturing.

MyEnergy solution provides several innovative approaches and concepts in the current power value chain:

1. Introducing a new concept of “energy just in time”: purchase what amount and when it is needed. The cost of monthly purchases can be further minimized by selecting a production schedule according to the power price forecast .

2. Enables online access to the power market for small SMEs, below the daily 0,1 MWh/ order threshold.

3. The purchasing algorithm primarily focuses on purchasing power generated by renewable energy – identified on the market by a sharp drop in energy price. Bringing new buyers (SMEs) shall reduce the volatility of the grid, which grid operators shall also appreciate.