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Draft:CyberGrid GmbH

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  • Comment: largely unsourced and promotional. Theroadislong (talk) 09:20, 30 April 2025 (UTC)
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CyberGrid GmbH
Company typeGmbH
IndustryEnergy Management Solutions
Founded2010
HeadquartersVienna, Austria
Key people
Alexander Kofik CEO, Peter Nemcek CTO
Number of employees
30

CyberGrid GmbH is an Austrian technology company headquartered in Vienna, specializing in integrating renewable energy and battery storage into the energy market. Established in 2010, CyberGrid focuses on advanced energy management solutions, demand response, flexibility management, virtual power plants (VPPs), and enhancing grid stability.[1]

Its software solution, CyberNoc, manages distributed power flexibility, facilitating the integration and monetization of energy assets in electricity markets, thereby enhancing grid stability and reliability. CyberGrid is playing a crucial role in supporting Europe’s decarbonization efforts by increasing the efficiency and scalability of distributed energy resources while balancing supply and demand.[2]

Company history and technological evolution

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CyberGrid GmbH was founded in 2010 and is headquartered in Vienna, Austria.[1] The company was established to develop energy management solutions that address the growing need for flexibility in electricity grids. Its focus has been on enhancing energy efficiency and enabling grid operators and energy providers to leverage flexible energy resources. CyberGrid has expanded its footprint across the European energy market, working with utility companies, aggregators, industrial consumers, and other stakeholders. [3]

Control Center Elektro Ljubljana
Control center at Elektro Ljubljana, where an operator is actively using CyberNoc to monitor and manage their energy assets in real time.

Key milestones:

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  • 2010: CyberGrid was founded with the vision of making energy generation, storage, and consumption fully renewable and flexible. [1] The company positioned itself as a leader in the demand response and VPP sector, pioneering technologies that enable energy flexibility for balancing services.
  • 2011: Secured its first utility customer, Elektro Ljubljana, and launched the initial version of its flagship product, CyberNoc, a comprehensive platform for managing distributed energy resources.[4]
  • 2013: The company deployed the first mFRR (manual Frequency Restoration Reserves) VPP utilizing industrial flexibilities, marking a significant milestone in the integration of flexible energy solutions.
  • 2015: Expanded VPP capabilities by integrating hydropower plants into mFRR operations, further diversifying its energy portfolio.
  • 2016-2019: A period of major innovation, including the launch of CyberNoc V3 in 2016, supporting both mFRR and aFRR (automatic Frequency Restoration Reserves). In 2019, CyberNoc V5 was introduced, marking the company's first integration of a 22 MWh Battery Energy Storage System (BESS).
  • 2019-2022: Focused on commercializing its technology, particularly in multi-market participation and the hybridization of energy resources in 2021. One year later, the company advanced its solutions to support residential flexibility, including BESS, electric vehicles (EV), photovoltaic (PV) systems, and heat pumps (HP).
  • 2023-2024: Continued innovation with the release of CyberNoc V6 in 2023, featuring state-of-the-art architecture. In 2024, the company enhanced its capabilities in Frequency Containment Reserves (FCR) and Intraday markets.
Mag. Peter Nemček, Ing. Reinhard Korsitzke and Mag. Marko Svetina with Toshiba representatives

Ownership history

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CyberGrid's ownership has evolved over the years, reflecting the company's growth and strategic partnerships in the energy sector:

  • 2010-2012 (Founding and Early Years): The company was originally incorporated as RK Project Services GmbH on May 28, 2010, but rebranded as CyberGrid GmbH in August 2011. It was founded by Mag. Peter Nemček, Mag. Marko Svetina and Ing. Reinhard Korsitzke, with a focus on developing innovative solutions for energy flexibility and Virtual Power Plants (VPP). In its early years, the company rapidly gained recognition in the European energy market.
  • 2012-2015 (Toshiba period): In 2013, 76% share of CyberGrid was acquired by Toshiba, a global leader in technology and electronics, while the founders retained partial ownership of the company. This acquisition provided the company with enhanced resources and expertise, supporting its growth and innovation. This period saw significant innovations, accelerated technological development and market expansion; including the launch of the first mFRR (manual Frequency Restoration Reserves) VPP utilizing industrial flexibilities in 2013 and the integration of hydropower plants into mFRR operations by 2015.
  • 2016-2022 (Independent Innovation and Growth): Following the end of Toshiba's ownership in 2015, CyberGrid operated again independently, focusing on product innovation and commercialization. The company introduced multiple versions of its flagship platform, CyberNoc, enhancing its capabilities and expanding its market reach. CyberNoc V5 was launched in 2019, marking the company's first integration of a 22 MWh Battery Energy Storage System (BESS). In the same year, Ing. Reinhard Korsitzke exited the company, leaving the remaining ownership with the other two founders, Mag. Peter Nemček and Mag. Marko Svetina.
  • 2022-Present (EVN Ownership): 100% share acquired by EVN[5], one of Europe’s largest multi-utility companies with over three million customers across 14 countries. Under EVN’s ownership, CyberGrid has expanded its market influence, enhancing its product and service offerings and supporting decarbonization efforts. The acquisition has provided strategic alignment, group synergies and additional resources to further its mission of unlocking and managing distributed power flexibility.
Mag. Peter Nemček (Co-Founder and CTO), Mag. Alexander Kofink, MBA (CEO), and Mag. Marko Svetina (Co-Founder)

Operations

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CyberGrid is headquartered in Vienna, Austria, with a dedicated research and innovation center in Lebring. The company operates across Europe, collaborating with transmission system operators (TSOs), distribution system operators (DSOs), utilities, aggregators, asset owners, Balancing Responsible Parties (BRPs), Balancing Service Providers (BSPs), commercial and industrial energy consumers, energy communities, prosumers, and traders. CyberGrid’s solutions leverage digitalization to enhance grid resilience and optimize the efficiency of energy systems.

Market Position

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CyberGrid contributes to Europe's energy transition by enabling the integration of renewable energy sources and reducing reliance on fossil fuels. The company actively collaborates with regulatory bodies, industry leaders, and research institutions to shape the future of energy markets. Its participation in numerous European innovation projects underscores its commitment to advancing grid modernization, fostering decarbonization efforts, and accelerating the adoption of demand response solutions.

Technology and Innovation

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CyberGrid is a technology company that employs artificial intelligence (AI) analytics and Internet of Things (IoT) connectivity to optimize energy consumption and improve electricity grid stability. The company's flexibility management platform, CyberNoc, integrates various energy resources, such as battery storage, renewable energy sources (RES), distributed generation (DG), electric vehicles (EVs), and industrial demand-side resources.

CyberGrid has developed the CyberNoc flexibility management platform[6], which provides real-time control with updates every second, allowing detailed monitoring and transparency at the individual asset level. The platform functions similarly to a virtual power plant (VPP) by aggregating distributed energy resources into a unified system. It offers modular scalability and simplified integration processes, along with customer management, reporting, and accounting capabilities.

CyberNoc is designed to support interoperability and is capable of integrating diverse energy assets regardless of their type or manufacturer. The platform includes an automated bidding feature ("autobidder") that operates continuously, utilizing algorithmic trading strategies. It also employs closed-loop control to address deviations effectively and supports flexible aggregation and disaggregation of energy resources. Additionally, the platform enables users to offer energy flexibility in various electricity markets.

Partnerships and Collaborations

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As a member of the Lower Austrian EVN Group while maintaining an independent market presence, CyberGrid benefits from a vast network of partners and customers. The company works with over 150 partners across Europe, fostering collaboration in various sectors, including:

  • Utility companies and aggregators to deliver demand response services and optimize energy flexibility.
  • Research institutions and EU-funded initiatives to drive advancements in grid flexibility and sustainability.
  • Technology partners to enhance interoperability and scalability of energy management solutions, ensuring seamless integration across diverse energy assets.

Corporate Social Responsibility and Sustainability

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CyberGrid develops technologies aimed at improving energy efficiency, demand-side flexibility, and the integration of renewable energy sources to support a carbon-neutral energy system. The company participates in initiatives focused on reducing greenhouse gas emissions and enhancing sustainability in energy management.

CyberGrid's technology contributes to Europe's decarbonization targets by facilitating the integration of renewable energy and increasing electricity grid flexibility. By enabling a reduction in reliance on fossil fuels, CyberGrid's solutions assist in transitioning toward a more sustainable energy infrastructure. The company's products address various challenges associated with the contemporary energy landscape, particularly those related to maintaining energy security, reliability, and sustainability.

Recognition and Awards

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The Smarter E Award 2024 ceremony in Munich with the winning companies
Mag. Peter Nemček receiving the 2nd Power Network Innovation Award at the Innovative Power Conference hosted by E.DSO and ENTSO-E

CyberGrid has received widespread recognition for its innovative contributions to smart grid technology and energy market digitalization, earning prestigious awards from industry organizations and EU-backed energy initiatives.

  • Smarter E Award 2024 – 'Smart Integrated Energy' Category[7]: CyberGrid won this award with its CyberNoc platform, highlighting the growing trend in the energy industry towards automated solutions for marketing renewable energy and optimizing battery storage systems. The focus is on stabilizing power grids, boosting efficiency, and integrating renewable energy sources.
  • Top Employer 2024/2025 and 2023/2024: Awarded by the Österreichische Gesellschaft für Verbraucherstudien (Austrian Society for Consumer Studies), this honour recognizes companies in Austria that excel in employee satisfaction, workplace culture, career development, and overall employer reputation. The evaluation includes comprehensive surveys and assessments of company policies to identify outstanding employers.
  • ISGAN Award of Excellence 2020[8]: This prestigious award recognized CyberGrid for its excellence in smart grid technology, particularly for its contribution to "Digitalization Enabling Consumer Empowerment."
  • 2nd Power Network Innovation Award – InnoGrid 2020+[9]: At the Innovative Power Conference hosted by E.DSO and ENTSO-E from the 13th until the 14th of May of 2019 in Brussels, CyberGrid's flexibility management platform, CyberNoc, was named one of the two winners, standing out among more than 30 projects for its innovative and relevant solution for Europe's future power network.
  • MongoDB Innovation Award 2016 – Enterprise Startup Category [10]: CyberGrid earned this award for its groundbreaking data-driven applications, standing out among hundreds of global entries from startups to Fortune 100 companies.
  • Sea Sustainable Entrepreneurship Award 2012[11]: This award acknowledges companies committed to sustainable entrepreneurship, encompassing social, ecological, and economic responsibility. CyberGrid was one of the 35 top companies selected from 145 submissions, reflecting its exceptional dedication to sustainable practices.

References

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  1. ^ a b c "cyberGRID 2025 Company Profile: Valuation, Investors, Acquisition | PitchBook". pitchbook.com. Retrieved 2025-04-30.
  2. ^ "Theiß Hybrid Storage System by CyberGrid". www.thesmartere-award.com. Retrieved 2025-04-30.
  3. ^ Reitgruber, Irina (2023-12-12). "CyberGrid - CTRM Center". www.ctrmcenter.com. Retrieved 2025-04-30.
  4. ^ Reitgruber, Irina (2024-01-18). "CyberGrid is on the forefront of the transition to clean energy. - CTRM Center". www.ctrmcenter.com. Retrieved 2025-04-30.
  5. ^ "Toshiba acquires virtual power plant solutions player CyberGrid - Electrical BusinessElectrical Business". www.ebmag.com. 2013-07-03. Retrieved 2025-04-30.
  6. ^ Todorović, Igor (2022-03-17). "Austrian EVN improves flexibility management capability by taking over cyberGRID". Balkan Green Energy News. Retrieved 2025-04-30.
  7. ^ "CyberNoc by CyberGrid". www.thesmartere-award.com. Retrieved 2025-04-30.
  8. ^ "The FutureFlow Project was Awarded as the Second Best Smart Grid Project in the World by the ISGAN | Electricity Coordinating Center - EKC". www.ekc-ltd.com. Retrieved 2025-04-30.
  9. ^ "Press Release - ENTSO-E, E.DSO and partners award energy experts of tomorrow at Innogrid 2020+ kick-off". www.entsoe.eu. Retrieved 2025-04-30.
  10. ^ "Third Annual MongoDB Innovation Award Winners Announced". MongoDB. Retrieved 2025-04-30.
  11. ^ "CyberGrid | CyberGrid wins the sea Award". www.cyber-grid.com. Retrieved 2025-04-30.