Nokia announced its latest venture, Enscryb, an energy innovation platform, is partnering with NODES, an energy trading company. In addition, Enscryb has also secured and onboarded two customers: Nanuq, a charging infrastructure company, and Smartecon, a renewable energy provider. Enscryb is an innovative digital toolbox that enables real-time distributed energy flexibility orchestration in an era of increasing market volatility, demand and renewable production by simulating electricity systems of any size and complexity.
These collaborations stem from Nokia's internal venture incubator dedicated to innovation and new commercialization paths for Nokia Bell Labs technology. By contributing to reducing energy expenses, increasing grid resiliency and transitioning toward Net Zero, Enscryb also emphasizes Nokia's commitment to sustainable businesses. NODES facilitates the trading of flexibility resources and Distributed Energy Resources (DERs) between System Operators and Flexibility Service Providers, aggregators and large Industrial and Commercial assets.
This activity supports the sustainability sector and contributes to the development of emerging energy flexibility and congestion markets. Nanuq helps its industrial customers transition to electrified fleets. They plan investment and operation of fleets with local generation resources and charge points to ensure maximum efficiency by lowering energy operation expenses.
Smartecon is a pan-Baltic EPC company specializing in utility-scale renewable energy projects. It helps developers and asset owners bring solar, battery, and hybrid power plants from concept to grid connection, with a strong focus on grid compliance, technical design, and hands-on project execution.
