Elli buys and sells power to smooth fluctuations in wind and solar generation. (Krisztian Bocsi/Bloomberg)
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Volkswagen AG’s Elli division has started to offer energy trading as a service to its customers, expanding a business it opened two years ago.
Elli is handling clean-power procurement for a major industrial customer, leveraging its access to the Epex Spot market, Vice President Energy Ingo Müller said Aug. 26, without identifying the client.
Elli buys and sells power to smooth fluctuations in wind and solar generation. The shift to intermittent renewables in European electricity markets has created a need for new types of power-purchase agreements and a more flexible demand response from major users.
The Volkswagen unit started trading electricity on Epex Spot in 2023 as part of the company’s rollout of electric vehicles and development of battery plants. It trades power around the clock in the short-term market.
Elli is targeting retail customers, particularly those operating EV charging points or managing electric fleets of more than 100 vehicles, Müller said.
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