How Can Manufacturing Companies Earn Revenue in the Balancing Market?
How Can Manufacturing Companies Earn Revenue in the Balancing Market?
PRACTICAL EXAMPLES, COOPERATION MODELS, AND FUNDING OPPORTUNITIES.
On 4 March, an event titled “How Can Manufacturing Companies Earn Revenue in the Balancing Market? Practical Examples, Cooperation Models and Funding Opportunities” will take place at the Verde Office Complex (1 Roberta Hirša Street, Riga).
During the event, manufacturing companies, SMEs, innovation-driven businesses, engineers, and experts in energy, green manufacturing, and sustainability will discuss how changes in the electricity system are creating new opportunities for industry.
About the Event
About the Event
Following Latvia’s disconnection from BRELL and synchronization with the European electricity network, the national power system is operating in a completely new market environment. The balancing market is becoming a key mechanism for maintaining system stability, and participation is no longer limited to power plants — flexible consumers and energy storage systems can now also take part.
This means that industrial companies are no longer only electricity consumers. With appropriate technologies and digitalization, they can become active market participants — offering flexibility, optimizing costs, and integrating climate-neutral solutions into their business models.
During the event, we will explore:
-
how the balancing market operates in Latvia and across Europe, and how industrial companies can participate;
-
how energy storage systems and digital control are becoming tools for competitiveness;
-
how grid technologies and electrification support climate-neutral manufacturing and the transition to a low-carbon economy;
-
available support mechanisms and opportunities offered by the European projects “JEWEL” and “Green Grid” for climate-neutral development.
Benefits
Benefits
Energy costs become predictable and manageable.
Through flexible consumption and storage solutions, companies can reduce costs during price peaks and optimize their energy load.
The balancing market is a new opportunity, not a risk.
Companies with automated production and flexible processes can participate in the market and receive compensation for providing flexibility.
Climate-neutral investments can generate revenue.
Energy storage and digitalization are not merely “green requirements” – they can become effective financial instruments.
Agenda
Agenda
10:30 Arrival and registration
11:00 Opening remarks
Anete Grundberga, Chairwoman of the Board at Green and Smart Technology Cluster
11:10 Steps to Choosing the Most Suitable Energy Storage System
Mārtiņš Krūmiņš, Industry Expert
11:40 From A to Z: Steps, Costs, Data, and Returns
Egija Gailuma, Co-founder at Engycell
12:10 The Key to Flexibility: VPP in the Era of Energy Transition
Dmitrijs Kononovs, Business Development Partner for the Baltics and Poland at Navitasoft Information Technologies Ltd.
12:30 The JEWEL Project and Support Opportunities for Companies
Laura Grundmane, Project Manager at Green and Smart Technology Cluster
12:45 Opportunities within the GreenGrid Project
Imants Martinsons, Board Member at Green and Smart Technology Cluster
13:00 Networking
Experts
Experts
Anete Grundberga
Chairwoman of the Board at Green and Smart Technology Cluster
Imants Martinsons
Board Member at Green and Smart Technology Cluster
Dmitrijs Kononovs
Business Development Partner for the Baltics and Poland at Navitasoft Information Technologies Ltd.
Mārtiņš Krūmiņš
Industry Expert
Laura Grundmane
Project Manager at Green and Smart Technology Cluster
Egija Gailuma
Co-founder at Engycell
Register
Register
Contact us
Laura Grundmane
Anete Grundberga
Chairwoman of the Board at Green and Smart Technology Cluster
+371 27 181 535
The event is organised within the framework of the following projects:
- Project No. 5.1.1.2.i.0/3/24/A/CFLA/009, implemented with the support of the European Union Recovery and Resilience Facility (NextGenerationEU) (Measure 5.1.1.2.i — Support Instrument for Research and Internationalisation, 3rd call), in accordance with Cabinet of Ministers Regulation No. 609 of 24 October 2023.
- Joint nEtWork for European net-zero manufacturing Leadership (JEWEL) , Projekts Nr. 101236275, kas tiek īstenots SMP-COSME-2024-CLUSTER, uzsaukuma ietvaros.
Co-funded by the European Union. The views and opinions expressed are those of the author(s) only and do not necessarily reflect those of the European Union or the European Innovation Council and SMEs Executive Agency (EISMEA). Neither the European Union nor the granting authority can be held responsible for the content.
How Can Manufacturing Companies Earn Revenue in the Balancing Market?
How Can Manufacturing Companies Earn Revenue in the Balancing Market?
PRACTICAL EXAMPLES, COOPERATION MODELS, AND FUNDING OPPORTUNITIES.
On 4 March, an event titled “How Can Manufacturing Companies Earn Revenue in the Balancing Market? Practical Examples, Cooperation Models and Funding Opportunities” will take place at the Verde Office Complex (1 Roberta Hirša Street, Riga).
During the event, manufacturing companies, SMEs, innovation-driven businesses, engineers, and experts in energy, green manufacturing, and sustainability will discuss how changes in the electricity system are creating new opportunities for industry.
About the Event
About the Event
Following Latvia’s disconnection from BRELL and synchronization with the European electricity network, the national power system is operating in a completely new market environment. The balancing market is becoming a key mechanism for maintaining system stability, and participation is no longer limited to power plants — flexible consumers and energy storage systems can now also take part.
This means that industrial companies are no longer only electricity consumers. With appropriate technologies and digitalization, they can become active market participants — offering flexibility, optimizing costs, and integrating climate-neutral solutions into their business models.
During the event, we will explore:
-
how the balancing market operates in Latvia and across Europe, and how industrial companies can participate;
-
how energy storage systems and digital control are becoming tools for competitiveness;
-
how grid technologies and electrification support climate-neutral manufacturing and the transition to a low-carbon economy;
-
available support mechanisms and opportunities offered by the European projects “JEWEL” and “Green Grid” for climate-neutral development.
Benefits
Benefits
Energy costs become predictable and manageable.
Through flexible consumption and storage solutions, companies can reduce costs during price peaks and optimize their energy load.
The balancing market is a new opportunity, not a risk.
Companies with automated production and flexible processes can participate in the market and receive compensation for providing flexibility.
Climate-neutral investments can generate revenue.
Energy storage and digitalization are not merely “green requirements” – they can become effective financial instruments.
Agenda
Agenda
10:30 Arrival and registration
11:00 Opening remarks
Anete Grundberga, Chairwoman of the Board at Green and Smart Technology Cluster
11:10 Steps to Choosing the Most Suitable Energy Storage System
Mārtiņš Krūmiņš, Industry Expert
11:40 From A to Z: Steps, Costs, Data, and Returns
Egija Gailuma, Co-founder at Engycell
12:10 The Key to Flexibility: VPP in the Era of Energy Transition
Dmitrijs Kononovs, Business Development Partner for the Baltics and Poland at Navitasoft Information Technologies Ltd.
12:30 The JEWEL Project and Support Opportunities for Companies
Laura Grundmane, Project Manager at Green and Smart Technology Cluster
12:45 Opportunities within the GreenGrid Project
Imants Martinsons, Board Member at Green and Smart Technology Cluster
13:00 Networking
Experts
Experts
Anete Grundberga
Chairwoman of the Board at Green and Smart Technology Cluster
Imants Martinsons
Board Member at Green and Smart Technology Cluster
Dmitrijs Kononovs
Business Development Partner for the Baltics and Poland at Navitasoft Information Technologies Ltd.
Mārtiņš Krūmiņš
Industry Expert
Laura Grundmane
Project Manager at Green and Smart Technology Cluster
Egija Gailuma
Co-founder at Engycell
Register
Register
Contact us
Laura Grundmane
Anete Grundberga
Chairwoman of the Board at Green and Smart Technology Cluster
+371 27 181 535
The event is organised within the framework of the following projects:
- Project No. 5.1.1.2.i.0/3/24/A/CFLA/009, implemented with the support of the European Union Recovery and Resilience Facility (NextGenerationEU) (Measure 5.1.1.2.i — Support Instrument for Research and Internationalisation, 3rd call), in accordance with Cabinet of Ministers Regulation No. 609 of 24 October 2023.
- Joint nEtWork for European net-zero manufacturing Leadership (JEWEL) , Projekts Nr. 101236275, kas tiek īstenots SMP-COSME-2024-CLUSTER, uzsaukuma ietvaros.
Co-funded by the European Union. The views and opinions expressed are those of the author(s) only and do not necessarily reflect those of the European Union or the European Innovation Council and SMEs Executive Agency (EISMEA). Neither the European Union nor the granting authority can be held responsible for the content.