NODES™ Platform
Transacting flexibility with cutting-edge technology
The platform enables the emergence of local flexibility markets where flexibility service providers can participate at all levels of the grid.
How it works
NODES™ platform provides an end-to-end service that allows grid operators to set up a market, buy flexibility and compensate flexibility service providers.
Market Setup
The initial steps to open a local flexibility market
1. Membership
Registration with NODES™ and becoming a member.
2. Market setup
Definition of market rules and platform configuration.
3. FlexZones
Publishing of constraint zones
Trading
The process of price discovery and transacting flexibility
4. Reservation
Reservation of flexibility ahead of time (Years, months, seasons, or weeks ahead)
5. Activation
Activation of flexibility closer to delivery time
6. Dispatch notifications
Notifications to flexibility service providers and dispatch
Post Trading
Validation of flexibility delivered and invoicing
7. Validation
Verification that flexibility has been delivered.
8. Financial Settlement
Invoicing and payments.
System operators using NODES™ platform
Flexibility Service Providers (FSPs) unlocking new revenue streams on NODES™ flexibility market
“We were very happy with NODES market. I would say they are probably the best organisation that we have integrated with” says Will Beaufoy (Senior Software Engineer at ev energy)
“Working with NODES has helped us start our flexibility journey” says Joakim Salqvist (Energy Expert at TIbber)
“NODES is an experienced and trusted partner and together we are enabling flexibility services for the grid”. says Adrian Larsen (CEO at NEOWATT)
“IntraFlex has been really positive for us. Closer to real time procurement makes sense to us and the reason why we participated is it’s good to see where markets are heading and also it provides another revenue stream for our assets.” Ryan Goddard (Commercial Optimisation Officer from Welsh Power)
“Working with NODES helps us to make sure we are building a market-relevant product from day one”, says Danny Zaitsev at Halfsund
“Together with NODES we have worked on our flexibility journey”, says Finn Ivar Olsen (Senior Adviser Energy Solutions at Entelios)
“Our journey of flexibility is helped by working with NODES”, says Øivind Ohr at Istadkraft
