ALTEO Group - First Engine+ project


Hybrid solution for optimised performance

Electric grids are evolving rapidly, disrupted by deregulation, distributed energy resources, renewable portfolio standards, and smart grid technologies. Energy storage is uniquely positioned at the heart of this transition. Energy storage technology focuses on optimising the current thermal energy generation infrastructure. Energy storage systems (ESS) have specifically emerged as a viable upgrade to optimise generation performance for both renewable and traditional power sources and to help energy providers increase their revenue streams.

ALTEO Group is an energy service provider and trading company based in Hungary. ALTEO provides its customers reliable and environmentally conscious solutions for their energy needs while also focusing on sustainability. ALTEO was looking to increase its revenue streams, participate in the energy trading market and to have the first energy storage installation in Hungary. ALTEO turned to Wärtsilä for their Engineering, Procurement and Construction (EPC) expertise, their industry leading software platform, GEMS, and experience in complex energy storage and multi-application systems.
The project was accomplished smoothly, owing to the great engineering work of Wärtsilä [formerly Greensmith Energy]. The integration of the energy storage system is a huge step in ALTEO’s Virtual Power Plant development and we strongly believe that this technology has opened us new opportunities to successfully respond to upcoming challenges.
Peter Luczay, Director of Wholesale Energy Trading & Virtual Power Plant Mgmt at ALTEO

ALTEO Batteries

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Main data

  Customer   Sinergy KFT (ALTEO Group)
  Site size   6 MW / 4 MWh
  Site location    Budapest, Hungary
  • Frequency and secondary regulation
  • Ancillary services
  Scope of service    EPC

Integrating an engine power plant with energy storage

The first Engine+ solution deployment includes a 6 MW / 4 MWh energy storage system. It is fully integrated with the existing power plant using GEMS. The software is a critical component of the Engine+ installation as it is able to analyse changes in market conditions and rate structures. Having such robust optimisation capabilities helps ALTEO not only maximise revenue, but also protect their energy storage investment for years to come.

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