Energy storage is a key element in the energy ecosystem as it can enhance grid stability, increase the penetration of renewable energy resources, improve the efficiency of energy systems, conserve fossil energy resources and reduce the environmental impact of energy generation. Long Duration Energy Storage (LDES) is a key option to provide flexibility and reliability in a future decarbonized power system and includes several technologies that store energy over long periods for future dispatch.

Khype’s core business is not selling batteries. We are an integral part of the renewable energy ecosystem. Our strategy is focused on providing diagnostic insights at the right scale across the entire renewable energy ecosystem to develop an optimised end-to-end commercial approach for our stakeholders.

VPP (Virtual Power Plant) solutions are developed for locations where LDES is placed for ease of dispatching energy into the peak and frequency control ancillary services (FCAS) markets capitalizing on the high energy tariffs. Usage may be low, but tariffs will be high with significant opportunity to create strong revenues.