Nokia has 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. The Enscryb toolset also provides energy flexibility forecasting for battery energy storage systems and solar hybrid assets. By analyzing data from both markets and clients' own infrastructures, Enscryb enables more accurate and bankable financial modeling for renewable energy projects.
Enscryb is the latest proof-point that our venture incubator is finding new ways to commercialize Nokia Bell Labs technology. Nokia is very proud of Enscryb and its first partner and customers. We are looking forward to the opportunity to contribute to a sustainable energy future by helping the energy industry transition through digitalization.
Chris D. Jones, Vice President for Strategic Partnerships, Nokia
Based on technology from Nokia Bell Labs, Enscryb is the latest Nokia venture to engage external partners and customers. 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.
This collaboration strengthens the foundation for a more resilient and dynamic flexibility market. Enscryb’s ability to optimize DERs investment decisions and operations by using real-time orchestration and advanced value stack strategies complement NODES’ market design. This synergy helps stakeholders unlock greater value from their energy assets.
Svein Jørgen Sønning, Head of Technology, NODES
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.
At Smartecon, we don’t just build, we help clients make sense of complexity. Enscryb complements our approach by turning market and infrastructure data into actionable insights. With this partnership, we can deliver not only bankable energy systems but also smarter planning and better performance from day one.
Hannes Aus, Chief Development Officer and Co-Founder, Smartecon
