Fast-growing energy supplier Elvy and Swedish technology company Ferroamp are initiating a three-year strategic partnership in which Ferroamp’s systems will be a central part of Elvy’s energy subscriptions. The collaboration, which will start with deliveries this autumn, is expected to yield a total order value of around MSEK 600.
“Our collaboration with Elvy opens up for more households to reduce their energy costs in the long term with the help of our products. This means a new opportunity to create security in the volatile energy market.” says Kent Jonsson, CEO of Ferroamp.
Through the collaboration, more households can take advantage of solar cells, battery storage and heat pumps without having to make a large one-off investment. Instead, a fixed monthly cost for electricity and heating is offered.
Elvy’s energy subscription includes the installation of a solar cell system, battery and heat pump, together with Ferroamp’s system to optimize how solar production and battery storage are used. Thanks to flexible architecture and over-the-air updates, the solution is future-proof and can be developed in line with changing needs in the energy system.
“With Ferroamp, we are not only building the next generation of energy systems – we are creating the backbone for the energy market of the future. Together, we are building the most advanced platform developed to date, based on their patented technology and unique system architecture. This is how we shape a smarter, more resilient and long-term sustainable energy system.” says Johan Outinen, CEO of Elvy.
About Ferroamp
Ferroamp AB (publ) is a Swedish greentech company with a focus on energy and power optimization of properties. Ferroamp’s intelligent microgrids connect and control solar panels, electric car charging and battery storage so that the benefit for the property owner is maximized. The scalable system provides control and makes it profitable and easy for companies and individuals to participate in the green energy transition.
Ferroamp’s share (FERRO) is traded on Nasdaq First North Growth Market with G&W Fondkommission as Certified Advisor (e-mail ca@gwkapital.se, phone 08-503 000 50).
About Elvy
Elvy AB is a Swedish energy company with the vision of making the energy transition simple, safe and profitable for all homeowners. The company offers a comprehensive energy subscription where solar cells, battery and heat pump are included at a fixed monthly cost. With a data-driven method, each property is optimized for the lowest possible energy cost, while Elvy takes responsibility for installation, service and maintenance – for a sustainable and cost-effective energy solution.
Share
News
