Lysaker, Norway – 28th November 2023 – NODES AS today announced a strategic partnership with Plexigrid to deliver innovative grid flexibility and market integration solutions for utilities. The partnership will empower Distribution System Operators (DSOs) to benefit from local flexibility markets operated by NODES.
As utilities worldwide navigate the energy transition, they face the challenge of balancing the need for grid reinforcement with non-wires alternatives to minimize costs for consumers. This is where local flexibility markets, offer a compelling alternative to expensive network upgrades.
The integration between the NODES’ platform and Plexigrid Products (TATARI and TIA) will align the two software offerings to better enable interoperability and ease of use of flexibility for DSOs.
The NODESmarket Platform provides Flexibility Service Providers (FSPs) with the ability to enroll DERs, review opportunities to offer flexibility to utilities, and submit bids, offers and perform settlements.
Plexigrid Grid Management modules allows the DSOs to utilise the products Tatari (Planning and simulations) and Tia (Flexibility management) for actively managing the grid and solve grid challenges. By connecting these two solutions through standard integrations, Tatari and Tia will be able to access flexibility on the NODESmarket Platform, unlocking an entirely new set of non-wires alternatives options for grid management.
NODES has successfully demonstrated how local flexibility markets in UK, Norway, Sweden, Canada, and Germany can be used to alleviate congestions and deliver consumer benefits by utilizing the NODES market design and technology platform. NODES enables greater DER participation by making flexibility available to all levels of the grid, ensuring TSO-DSO coordination.
“NODES is excited by this strategic partnership with Plexigrid’s Grid management modules as we look to help accelerate the energy transition. Creating greater interoperability between the control room and the marketplace will be essential for unlocking the value of DER flexibility in the future,” says Richard Sarti, CEO of NODES.
“A core value of the Plexigrid platform is solving capacity constraints by helping grid operators to access flexibility across their network. With NODES as a partner, we can drive this innovation in grid management faster and help our customer speed up the connection of DERs. Ultimately, this will be critical for enabling the energy transition, “ says Alberto Méndez, CEO of Plexigrid.
The partnership between Plexigrid and NODES AS highlights the potential for utilities to incorporate local flexibility market into their grid operations. Leveraging their combined capabilities can help utilities optimize grid operations and reduce costs, all while utilizing a common language based on price, location, and volume to facilitate efficient use of DER services.
NODES is a Norwegian technology company which is paving the way for a more sustainable future. NODES award winning market design and NODESmarket technology platform is helping speed up the energy transition by unlocking the value of flexibility within the electricity network. For more information, visit www.NODESmarket.com
Plexigrid is a software technology provider that are reinventing electricity distribution networks for the energy transition. The Plexigrid solutions increase the utilization of network infrastructure and free up capacity by using flexible load and generation to solve network constraints. The company is based in Gijón, Spain and Stockholm, Sweden. For more information, visit https://plexigrid.com/