nextract energy

Nextract energy develops SaaS software that helps Independent Power Producers (IPPs) implement optimized load schedules for various storage technologies to "rescue" energy losses caused by curtailments. These schedules are constantly calculated based on curtailment forecasts from their own machine learning models. This approach addresses the comprehensive issue of increasing curtailments in Germany, specifically mitigating the risk of up to 30% revenue losses or missed profits due to expected adjustments in the regulatory framework around curtailment compensation. By optimizing the operation of energy storage systems, the maximum amount of surplus energy caused by grid bottlenecks becomes monetizable, making investments in storage worthwhile more quickly. This reduces barriers to the adoption of grid-connected energy storage technologies.