Aurora’s Grid sets sights on booming Balkan market

In recent months, Greece has witnessed a significant boom in the energy storage market, marking a transformative shift in the country's energy landscape. This growth can be attributed to several factors, including favorable government policies, advancements in technology, and increasing renewable energy integration.

One of the key drivers of the energy storage market in Greece is the government's commitment to transitioning to a cleaner and more sustainable energy system. In this respect, half-greek Aurora’s Grid CEO and founder Dimitri Torregrossa announced a couple of month ago “Aurora’s Grid Hellas”, a strategic join venture between Envirtus Investment, formerly LL&DS Holdings and Aurora’s Grid LC, focused on Balkan market.

This collaboration brings together the extensive expertise and resources of Loukas Lazarakis and Dimitri Torregrossa to tackle the growing challenges in energy storage and accelerate the development of cutting-edge technologies. Envirtus Investment’s founder Loukas Lazarakis has developed more than 2GWh and installed more than 500 MW of wind and PV plants over the last 20 years. His company has invested over Euro 50 million in the renewable energy sector and proved to be reliable partner in many successful transactions.

Thanks to its novel EMMA solution, Lausanne based Aurora’s Grid delivers a novel energy management system (EMS) for battery storage. The solution increases lifetime of the battery of 40% and revenue of 50% by coupling multiple services on the same battery asset. Being plug and play, EMMA can be commissioned remotely by Aurora’s Grid within 2 hours.

Gearing up operations for September

Business development activities in Greece are set to start in September. “The joint venture will focus on different market segments such as stationary battery storage solution for ancillary services and C&I clients.” says Dimitri Torregrossa to Startupticker.ch. As a first step, the team aims to have a breakthrough size of battery storage managed by its EMS. “We would like to have a size even bigger than one of the famous Tesla installation in Australia” adds the CEO

Speaking of the future, Dimitri Torregrossa explains that his company will need to enhance its business development with European energy integrator. The market is big but is also very time consuming to join potential clients, presenting the solutions and convince them to go further. Despite these challenges the CEO remains confident: “The good thing is that once the client starts working with Aurora’s Grid, it is always satisfied and become not only a recurrent client but it starts also to commercialize its solution to other clients.” The Lausanne startup currently employs 6.2 FTEs and expects 2 more FTEs within the next 2 months.

(ES)