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S1E16

Energy Democracy in CEE | Lorena Skiljan on Scaling Energy Communities & Micro-PPAs | TEB S1E16

with Lorena Skiljan· Noville· 68m

TL;DR

Noville's platform enables energy communities and micro-PPAs, reducing costs and fostering local, clean energy across Europe.

Synopsis
Lorena Skiljan, CEO of Noville, discusses her journey into the energy sector and the development of Noville's digital platform for energy communities. The platform facilitates direct electricity supply from local assets to consumers, matching production and demand in 15-minute intervals. This model offers significant savings on grid costs and taxes, making local renewable energy more accessible and attractive. Noville's approach involves market education and simulation tools to onboard customers, particularly in new markets. The company pools diverse assets (wind, hydro, PV) to ensure stable supply and is expanding across Europe, with Germany being a key focus due to its large electricity market and recent regulatory changes. Skiljan emphasizes the need for grid modernization and flexibility (storage) to support the energy transition.

Key metrics

by the numbers · 8
  • 60%
    Grid cost savings
  • 2.3 cent/kWh
    Electricity tax savings
  • 60
    Noville German customers
  • 12-14 cent/kWh
    Utility electricity price
  • 6-7 cent/kWh
    Asset owner production cost
  • 250
    Noville energy communities in Austria
  • 50
    Noville employees
  • 2060
    China carbon neutrality goal

Topics

8 tags
Energy CommunitiesMicro-PPAsRegulatory FrameworksGrid CostsDSO DataMarket EducationDecentralized EnergyDigitalization
Stats
Duration
1h 08m
Words
11.7k
Questions
34

Timeline

14 chapters
  1. Introduction of Lorena Skiljan

    Lorena Skiljan, CEO of Noville, is introduced as an entrepreneur with a background in law and energy, set to discuss energy communities.

  2. Personal Journey into Energy

    Lorena recounts her career path from law studies in Vienna to working at a major Austrian utility, eventually pursuing an MBA in energy management.

  3. Founding Noville from a Sandbox Project

    Her last project at the utility was an energy community research 'sandbox' in Vienna, which proved successful and led to her decision to start Noville.

  4. Noville's Platform Explained

    Lorena describes Noville's digital platform as a tool that matches electricity production from assets (PV, hydro, wind, storage) with consumer demand in 15-minute intervals.

  5. Market Entry and Education Strategy

    Noville initially used 15-minute simulations to educate potential customers about the benefits of energy communities and alleviate their concerns, a crucial tool for market adoption.

  6. Micro-PPAs and Asset Pooling

    Micro-PPAs are discussed as structured contracts for smaller, localized energy amounts. Noville pools diverse assets (wind, hydro, PV) to ensure a stable, year-round supply for communities.

  7. Customer Acquisition Focus

    Noville currently has a strong pipeline of asset owners wanting to join their pool and is actively seeking more customers to match the growing supply.

  8. Benefits of Energy Communities

    Participants in energy communities save up to 60% on grid costs and pay zero electricity taxes, in addition to getting cheaper electricity directly from asset owners.

  9. European Regulatory Landscape

    Austria is a front-runner in energy community regulation, with other EU countries, including Germany (whose law starts in 2026), looking to its model for implementation.

  10. Grid Financing and Socialized Costs

    The discussion addresses how grid infrastructure is financed as more self-producers emerge, noting that grid costs are largely socialized, similar to other public infrastructure.

  11. Expansion into CEE and Multi-Site Solutions

    Noville is expanding into Central and Eastern Europe, offering solutions for companies with multiple sites to share their self-produced energy across their various locations.

  12. Future Investment Priorities

    Lorena outlines two investment priorities: scaling Noville's bottom-up supply model and, as a policymaker, investing in grid infrastructure and flexibility (storage).

  13. Role of AI and Digitalization

    AI and digitalization are seen as crucial for increasing efficiency and stability in the energy system, particularly for forecasting and grid management.

  14. Advice for Young Professionals

    Lorena encourages young people, especially women, to enter the energy sector, highlighting its diverse career paths, purpose, and evolving, less rigid corporate culture.

Key insights

6 takeaways
  • 01

    Local energy cuts grid costs

    Energy community participants save up to 60% on grid costs and pay zero electricity taxes, making local supply significantly cheaper than utility tariffs.

  • 02

    Market education crucial for adoption

    Initial market entry for energy communities requires extensive education and simulation tools to demonstrate benefits and alleviate customer fears, especially for B2B clients.

  • 03

    Wind park acceptance increases locally

    Municipalities directly supplied by local wind parks show 100% acceptance for new installations, demonstrating the power of direct economic benefits.

  • 04

    DSO data sharing is capability-limited

    District System Operators (DSOs) are willing to share data but often lack the digital capabilities and manpower to do so efficiently, highlighting a key digitalization bottleneck.

  • 05

    Europe's regulatory standards drive global goals

    Despite perceived inefficiency, Europe's high standards in environment, safety, and data protection influence global goals, as seen in China's alignment with EU targets.

  • 06

    Energy sector needs diverse talent

    The energy sector offers a wide range of career paths, from technical to legal and economic, making it attractive for young professionals from diverse educational backgrounds.

Pull quotes

3 quotes
  • Without having any it was a sandbox because there was no regulation in place for providing consumers with electricity directly from the producing asset which what we call today energy community or energy sharing.
    Lorena Skiljan
  • So if you are part of the energy community, you will pay up to 60% lesser of the grid cost. And the grid costs are the one that are growing each year.
    Lorena Skiljan
  • So the system of just top down by even if they are 10 in Austria but by the big guys is just not sufficient for us to have a resilient energy supply for the future.
    Lorena Skiljan
Transcript1683 cuesClick a timestamp to jump
  1. Welcome to a new episode here in the
  2. energy bridge. Today we have the
  3. pleasure to have Lorena Skilan
  4. CEO from Noville. Today we're going
  5. to explore energy communities. You were
  6. you are a entrepreneur by in your
  7. soul. You have been involved in supply
  8. chain. You mix also the studies in
  9. laws with energy. So mixed with touch is
  10. super interesting profile. You were part
  11. of our
  12. last forum also which was super
  13. insightful and today Raul is wearing
  14. super formal because we went to the
  15. Indian embassy today. So yeah you look
  16. great.
  17. >> yeah and welcome Lorena and looking
  18. forward for the conversation.
  19. >> Thank you. looking forward to very happy
  20. to be here.
  21. >> Thank you, Lorena. I think we the
  22. very first time that I saw you bought in
  23. Milan last year and you come across as a
  24. very vibrant person I can tell you and
  25. we are very looking forward to all the
  26. questions and how you getting some
  27. answers for you. So please tell us
  28. the very first thing when I we usually
  29. have only one page when we see the
  30. introduction of everyone but for you we
  31. have three pages because you do so many
  32. stuff.
  33. >> Yeah. We would like to start with your
  34. personal journey like how do you
  35. ended up here in the energy sector?
  36. what did you study before? What were
  37. your motivations? So why you are here
  38. now speaking about energy?
  39. >> Okay. Thank you. say maybe what was
  40. always like was part of my life and
  41. this is what I of course realized
  42. quite late but it's always going
  43. out out of the comfort zone I'm
  44. originally Croatian came for law studies
  45. to Vienna not really speaking German to
  46. be very honest and this was like the
  47. first going completely out of the
  48. comfort zone and then after the law
  49. studies and being part of course of the
  50. big law firms terms I made a decision
  51. to go to the other industry. So it was
  52. the next one okay going out of the
  53. comfort zone of something that you have
  54. studied in working for years in that
  55. industry and then just completely
  56. changed the industry and then I started
  57. with a big utility of course with my law
  58. studies and then and then I thought wow
  59. it's so interesting this this topic
  60. I'm really hot about it I want to learn
  61. more and I learned a lot of with
  62. the utility but then I made a decision
  63. okay I need also to study this it
  64. needs to be something where you
  65. take book and then read and
  66. after the law study you're just used to
  67. study and to have books and then I went
  68. to the University of the economics to
  69. Veu and did an energy management MBA
  70. and after after that after I
  71. finished the MBA this was while I was
  72. working within the utility then I
  73. really completely cut doing legal stuff
  74. and then I started doing actually
  75. product development at the utility So I
  76. I was then in charge for
  77. approximately four years for the whole
  78. product development of the biggest
  79. Austrian utility. So doing like
  80. electricity, natural gas, heating
  81. tariffs but also all other products like
  82. electromobility, PV systems,
  83. broadband, internet,
  84. telecommunication products. So
  85. everything what like a big regular
  86. utility brings to the market. And then
  87. let's say it to come back to the comfort
  88. zone as that start beginning a comfort
  89. zone doing a product for utility. It was
  90. like okay more or less what's next?
  91. Yeah, at some point you come to the
  92. question, okay, what's next? and one
  93. of my last project with the utility was
  94. actually energy community with a
  95. district in Vienna with a high-end
  96. district of FI at that moment and we did
  97. a research project there for one year
  98. without having any it was a sandbox
  99. because there was no regulation in place
  100. for providing consumers with
  101. electricity directly from the producing
  102. asset which what we call today energy
  103. community or energy sharing. But at that
  104. moment we did really as a research
  105. project utility together with the
  106. people living there and the guy who
  107. owns the field and it was really
  108. a total success. It was such a good
  109. project. It was such a great and it was
  110. like a moment for me to say hey that's
  111. the next actually energy communities are
  112. the next or let's say bottom up supply
  113. market needs to be developed. It's the
  114. next big thing on the energy market and
  115. that was actually then at that point the
  116. decision to say okay let's start noil
  117. let's start own business and
  118. this is how it happens actually
  119. >> okay
  120. >> and talking about entrepreneurship we
  121. know in Austria entrepreneurship is a
  122. bit more harder than the other places
  123. but it's getting way way nicer now
  124. but tell us about like how you
  125. got into it like what were the
  126. motivation the intrinsic motivation The
  127. motivation is always, when you
  128. start something like that, you don't
  129. think about, what's keeping
  130. you down or or what's what's stopping
  131. you or what could be the problems.
  132. You're always like triggered with the
  133. good idea and with what what do you want
  134. to reach., and so you don't think at
  135. that moment so much about or you are
  136. just ignoring what could be the
  137. hard things because you really want to
  138. do it. but actually it was what
  139. what what triggered me the most it
  140. was to create new things not
  141. just to do more of the same and put a
  142. different color on it or or a different
  143. name of the product but to innovate but
  144. it's still exactly but it's still a
  145. tariff and it the tariff is a tariff is
  146. a tariff like that poem a rose
  147. is a rose is a rose and it can't be
  148. anything else than a rose no matter
  149. how you call it or how how you
  150. what what what what you put on it and so
  151. it was more like okay we need to do
  152. something else the moment is here I want
  153. to create something on the market
  154. innovate and engage people
  155. in into that model or whatever it
  156. is so that was actually the motivation
  157. the biggest one yeah
  158. >> okay cool and we also wanted to know
  159. the
  160. how did your law background shape into
  161. No. So you went there more technical
  162. wise or more in the legal way?
  163. >> Well, let's say electricity
  164. doing things in the electricity business
  165. when you go to supplying the end
  166. consumers with electricity. And so it's
  167. it's actually less a technical
  168. thing., these are processes
  169. which are set down by the regulation and
  170. set down by the industry and you can't
  171. innovate this this type of processes.
  172. you can do on the top of the market you
  173. know AI with forecast with this and that
  174. but in a nutshell the core of the model
  175. is always in the electricity and energy
  176. business more or less the same like in
  177. all highly regulated businesses like
  178. banking sector let's say like that it's
  179. always highly regulated so you have
  180. always this core
  181. >> which is like the same and then
  182. >> around that you can play with technology
  183. and all of this so the business
  184. model in supply of electricity is
  185. more business intelligence than let's
  186. say to come up with a new extra super
  187. genius technology. So it's it's not that
  188. R&D, it's more like really business
  189. intelligence. How do I put the
  190. processes? How do I put the
  191. product towards customer that's
  192. efficient and all of this?
  193. >> Yeah. Actually, you were the first
  194. community energy community like fully
  195. digital, right? Like with the first
  196. platform, something we read in the news.
  197. >> Yes. yeah we have a full full
  198. platform but to be honest it's not
  199. rocket science it's not a large R&D but
  200. we have a full we have a platform which
  201. is really having a full end to end
  202. process for supplying electricity
  203. from the producing asset so it can be a
  204. PV but it's also hydro power plant or
  205. wind meal or also a storage storage
  206. technology and you need the end to-end
  207. processes and this is exactly what the
  208. platform does how does the kilowatt hour
  209. goes from the producing asset to the end
  210. consumer and then through that
  211. process you need to build it and you to
  212. do everything. Yeah. C
  213. >> could you Lorena explain like from
  214. the top down about Noel about the
  215. about the product and then also about
  216. the customers and also the problem that
  217. you're solving.
  218. >> Yeah. So what's actually actually
  219. maybe how how I always put it in a very
  220. very simple way., my parents
  221. always had apartments in Croatia and
  222. they always want to have Austrian
  223. tourists and Austrian always wanted to
  224. go to have their holidays and apartments
  225. in Croatia.
  226. >> But without having a booking.com between
  227. the apartments of my parents and you
  228. as an tourist who wants to go from
  229. Austria to the holiday, you need to go
  230. to Tui or whatever or you just can drive
  231. there and say dingdong and maybe it's
  232. free and maybe it's not free, .
  233. So, it's exactly more or less the same.
  234. Just to put it very in a very simple way
  235. to say we have assets they produce
  236. electricity every day or how we say an
  237. energy business every 50 minutes and
  238. they are consumer consuming electricity
  239. but how do I put them together I need a
  240. tool in between and this is actually the
  241. no platform so we developed a platform
  242. who has which has the capability to
  243. really to really like track the
  244. kilowatt hour from the asset to the to
  245. the to the consumer and Even more the
  246. platform matched on 15 minutes. So if
  247. the asset is producing it matched which
  248. consumer has in the same 15 minutes a
  249. demand and then it matched and then the
  250. kilowatt hour flows and then we can
  251. build the kilowatt hours. So actually
  252. without the platform because what you
  253. need you can for forget like you can
  254. take out all of these nice things around
  255. it but what you need is an electricity
  256. bill in the best way on the monthly
  257. basis to be very honest instead of
  258. yearly basis and if you can't provide
  259. that you just can't run run the
  260. model. So this is the most important
  261. thing in thing in business and to be
  262. able to do that to have these
  263. capabilities you need to have APIs to
  264. the DSOs because they are the data
  265. provider on the one hand of course
  266. and you need to have an access of course
  267. to the customer and so we developed
  268. the platform we develop all the
  269. processes needed all the APIs needed and
  270. all of that and this was like the way
  271. how then we were really capable to
  272. run the model. Nevertheless, only
  273. because you can run the model, it
  274. doesn't mean that somebody understands
  275. your model or feels the need for your
  276. model to be very honest. So the approach
  277. to the market was not that easy because
  278. just if you come to somebody and say hey
  279. do you want to have energy community
  280. it's like okay what's that what do I
  281. need for and why should I be a part of
  282. community I want to have electricity and
  283. not a community and so how we actually
  284. then entered the market this is what
  285. really helped us u on the one hand that
  286. we really coming from the utility
  287. business and we understand the kilowatt
  288. hours and the supply and how the
  289. assets are producing and so we actually
  290. started a little bit different even if
  291. the platform was in place but there
  292. is no word to put the customer on the
  293. platform but he doesn't really know what
  294. is worth or what's his benefit out of it
  295. so we start actually simulating energy
  296. communities
  297. >> so it's also something that we developed
  298. as a IT tool a 15-minut simulation it's
  299. more like a forecast so actually we
  300. provide to our customer like if you are
  301. ready to become an energy community or
  302. to start running the model. This is how
  303. it look like for you. So these are your
  304. assets. 80% of the produced electricity
  305. in your asset will supply your metering
  306. points which have a demand and in that
  307. case you would need for example like I
  308. don't know six 40% lesser less
  309. electricity from the utility which is of
  310. course more expensive and so we start we
  311. start like that and at the moment for
  312. example in Austria more or less
  313. everybody knows after five years already
  314. energy community. So we don't need to
  315. simulate anymore. People are already
  316. there. But at the beginning it was a
  317. very important tool for us. it was
  318. like more market education,
  319. >> explaining the model, explaining the
  320. benefits but also taking fears away.
  321. >> Yeah. But this it's interesting all
  322. the know how you could make education
  323. with the concept new concept that now it
  324. could be used in Eastern Europe
  325. countries now.
  326. >> Yeah. Absolutely.
  327. >> Going forward, right?
  328. >> Absolutely. because we see each new
  329. market that we enter actually and we see
  330. that there is I wouldn't say there is
  331. no missing knowledge it's more like
  332. missing information about the model
  333. what are the benefits for me what can I
  334. start and that actually also with the
  335. model because energy communities or in
  336. Germany it's called energy sharing by
  337. the law it's a part supply model and
  338. for the industry customers or or
  339. business customer largememes
  340. It's also very important to give them
  341. the security if they engage with this
  342. type of model that they won't have
  343. any problems on the other
  344. side with the utility with the grid
  345. operator and all of these things even
  346. if the law says nobody can make you
  347. problems but still people are with
  348. their utilities especially the B2B
  349. customers or the industry for the past
  350. 50 years and now you tell them hey
  351. switch to no like it's a hard thing. So
  352. this is why you need to do this
  353. >> explanations, simulations and give u
  354. give the customer the safety. If you go
  355. with me, you we the model
  356. won't harm you. It brings you benefits
  357. and you are safe with us.
  358. >> And if you tell us that
  359. it works in a SAS model or you get
  360. some transaction commission on every
  361. every transaction. How did it work
  362. with the with the model?
  363. >> Yeah. So it's a it's a typical SAS
  364. model. So actually the kilowatt hour
  365. each kilowatt hour that runs over our
  366. platform because it's matched on the 15
  367. minutes we collect the fee
  368. >> and where did the micro PPA comes in?
  369. >> Yeah that that are actually the microppa
  370. it's the it's the it's the producing
  371. side. So actually we need to give
  372. the pricing for the kilowatt hour
  373. produced in assets and this is like like
  374. let's say a microppa because normal PPA
  375. market is actually a financing market
  376. they collect money to finance the future
  377. project and then customer get the PPA
  378. energy for from the wind park for
  379. example let's take that example for five
  380. to seven years for fixed cheaper price
  381. but energy is as produced so it's not
  382. structure so that in that case the
  383. customer takes the risk. If he doesn't
  384. need that energy, he needs to pay it.
  385. >> You pay it.
  386. >> Exactly. Or you market it and then you
  387. have something, probably where
  388. you market it on the on the on the
  389. worseer conditions than you bought it.
  390. >> In our case, it's not that you're buying
  391. a large amount as produced.
  392. >> u micropas are more more to say,
  393. okay, we contracted an asset. we are
  394. structuring it on 15 minutes and
  395. this like package of structured
  396. electricity going from the asset to it's
  397. it's like micropa also because the
  398. amounts are not the whole
  399. capacity of a wind park it's maybe just
  400. only one windmill which provides like
  401. this type of structured micropa to one
  402. municipality because one windmill is
  403. really more than enough for one
  404. municipality
  405. >> I just want to understand like how you
  406. onboard the asset owners so there is
  407. there any minimum or maximum asset that
  408. they need to have to be onboarded or no?
  409. >> No, actually we do them as a pool.
  410. >> Yeah.
  411. >> So for us it's not that important if
  412. they are like big or smaller or or
  413. whatever. It's more that that load
  414. curves are good structured you
  415. know so if we would have only PV that
  416. would be a bad load curve because then
  417. we could supply our customers probably
  418. with the large amount of electricity
  419. only in the summer but in winter we will
  420. provide them maybe 10% or 15 maximum 20%
  421. of what they need. So by
  422. structuring our our portfolio on
  423. that side on producing side by having a
  424. hydro and wind and PV you can
  425. really serve on 12 months providing a
  426. really a good portion of electricity
  427. from that assets because of course
  428. >> perfect are our PV and wind because
  429. in the summer there are a lot of PV but
  430. wind is not producing in summer and in
  431. winter there is no PV but wind is
  432. producing at it maximum. And in between,
  433. in Austria especially when the
  434. snow is melting. So in the between the
  435. hydro the small hydro power plants come
  436. come in. And so what we actually need to
  437. take care is that we have a nice
  438. portfolio of producing assets which are
  439. supplying the whole year in this
  440. type. At the moment the asset side is
  441. not the problem because
  442. >> how is it distributed between
  443. technologies? How how is your portfolio?
  444. well we always where we also look
  445. at our demand portfolio and say that
  446. also the demand curve is coming
  447. together to the load curve. and
  448. well let's say we have more than half
  449. wind and hydro and the rest is PV
  450. because of course you need to calculate
  451. and PV much cheaper than the other ones.
  452. So you need to put it put it
  453. somewhere. So let's say like maybe 40 60
  454. 40 PV 60 and a little bit of storage
  455. inside and yes
  456. >> but the asset side is at the moment not
  457. the problem because everybody would love
  458. to give the asset into the pool
  459. >> because if you have a asset which not
  460. subsidized or in some subsidi in some
  461. scheme at the moment they were they
  462. are at the moment marketed under their
  463. producing price and so that's a
  464. problem for all asset owners. us at
  465. the moment. And so this is why actually
  466. we already have a list of assets waiting
  467. to be taken into our pool because we
  468. need to say hey you need to wait because
  469. I need I need to have consumers to take
  470. you in into my pool otherwise it's no
  471. word for both of us.
  472. >> Okay. So now you are looking for more
  473. customers.
  474. >> Yes. Because the asset side is
  475. really now they people are calling us
  476. and ask would you market my my asset
  477. into the energy communities and
  478. >> Oh that's cool.
  479. >> Yeah.
  480. >> Happy problem. Yeah, that's cool.
  481. >> And do you have any number for
  482. already the amount of customers that
  483. you're serving?
  484. >> I don't think it's it that type that
  485. much matter of how many customers in
  486. terms of because the customers are
  487. different., you can have like
  488. 200 of household customers or
  489. instead of them one industrial, one
  490. industrial will probably have a larger
  491. electricity demand than the 200
  492. households. so what I love to say
  493. actually is we have around in Austria
  494. only 250 of these type of energy
  495. communities or let's say like pools
  496. >> that we supply and have the
  497. supply and demand side the both sides
  498. >> a good portion of them are really
  499. municipalities where we provide
  500. electricity to all municipalities
  501. metering points so
  502. their buildings you the
  503. infrastructure that the man municipality
  504. runs actually on her own also
  505. schools, kindergarteners, all of these
  506. things. and then also the
  507. households. So mostly in the most
  508. municipalities that we serve that
  509. opened their their models to the
  510. households, it's more than half of the
  511. households of the municipality which are
  512. already in the model. So there is very
  513. very high interest also from the end
  514. consumers from households. the more
  515. let's say the half of the 250 or
  516. something like that are municipalities
  517. and the other half are
  518. industry log as of producing industry
  519. a lot because they really have larger
  520. numbers of gawatt hours of what their
  521. energy demand is and these are
  522. really very very high cost for these
  523. type of customers. So normally they have
  524. the personal cost and electricity cost
  525. are the second what they have in their
  526. book. So it's it's really really hard
  527. for them. we have some some really
  528. really good and great skiing resorts.
  529. They are also in Kikawat hours all of
  530. them. and of course we supply
  531. them with hydro PV. we put some
  532. windmills into the municipalities.
  533. >> so it's really a great experience.
  534. what I'm very proud of for example we
  535. have I think now four or five
  536. municipalities where we did an energy
  537. community together with a wind u
  538. wind provider. So like a wind park
  539. provider
  540. >> and the wind park provider actually
  541. >> asked us could we do the model that we
  542. as a wind provider provide electricity
  543. from the windmills. because in
  544. Austria as if you want to
  545. put the wind wheels you need the you
  546. need a yes from the municipality and
  547. from the households and from everybody.
  548. So in each one of the municipalities
  549. where we did a model that the people are
  550. directly supplied for the windmill
  551. >> they all go for the windmills. So there
  552. was no municipality where they backed
  553. off on the on the new wind park.
  554. >> because they know the benefits they
  555. have. They know
  556. >> they know the benefits. They know okay
  557. when I drive or when I look out of my
  558. window to that windmill and it does like
  559. this it does for me.
  560. >> Yeah.
  561. >> It's cheaper than utility.
  562. >> Yeah. This is something that
  563. regarding the business model is SAS and
  564. also transactional fees. So what is
  565. the different between them and how much
  566. they can save?
  567. >> so the model is set up by the
  568. regulation. So they save on taxes. This
  569. is what's cuted by the regulation. So
  570. it's a big benefit. They cut on the grid
  571. grid cost. So if you are part of the
  572. energy community, you will pay up to 60%
  573. lesser of the grid cost. And the grid
  574. costs are the one that are growing each
  575. year., we had this very high
  576. the electricity price going high due to
  577. the not only due to the war in Ukraine
  578. also due to the shutting down the
  579. nuclear power plants in France and
  580. France becoming importer of the
  581. electricity. France is normally
  582. exporting in other EU countries. So it's
  583. a lot what happens on the market and
  584. push the electricity price. But now more
  585. or less they are stable on a high level
  586. but they are stable. What is actually
  587. growing year for year it's a grid cost.
  588. So this is a large benefit for the
  589. consumers to save up to 60% of the grid
  590. cost. And on the electricity itself you
  591. have the benefit that you get actually
  592. your price from the asset owner.
  593. And when when a utility is doing
  594. electricity price, they buy
  595. whole electricity one year up front
  596. >> to the price of one year up front, then
  597. they put their risk markers on top
  598. and the margins. And this is how you get
  599. this very high price of let's say at the
  600. moment at the market without taxes
  601. around 12, 13, 14 cent a kilowatt hour.
  602. >> And an asset owner for running the asset
  603. and not being negative needs
  604. depending on the asset
  605. on the producing curve but he
  606. needs around let's say approximately
  607. maybe 6 7 cent. So if he says producing
  608. cost plus 1 cent
  609. >>
  610. >> the consumer is getting the energy to 7
  611. 8 9 cent but not to 12 13 14. So this is
  612. where you get better price. You get up
  613. to 60% off on the grid cost and you
  614. don't pay any taxes.
  615. >> Okay.
  616. >> And so these are the benefits along on
  617. on the pricing
  618. >> and it's a local energy
  619. >> that's clean.
  620. >> So if if we make a pyramid of the whole
  621. whole model. So we start with the
  622. asset ownersh.
  623. >>.
  624. >> PV provider, wind provider, hydro, small
  625. hydro. Then there are it goes to energy
  626. community and they get onboarded on your
  627. platform.
  628. >> Both of them. Yes.
  629. >> Yeah. And then you have the D the DSO
  630. the grid provider.
  631. >> Exactly.
  632. >> And then it goes to the end user. So
  633. >> and they save on the grid provider the
  634. the cost that you're saying or the 60%
  635. that they're saving it on that that
  636. part.
  637. >> Yes. And the taxes they save completely.
  638. you pay zero taxes. So let's it's
  639. it's at the moment the taxes are only
  640. the taxes are 2.3 cent a kilowatt hours.
  641. >> So that's to totally cut on the grid
  642. cost you save approximately three four
  643. in some cases 5 cent a kilowatt hour and
  644. on the electricity price you can also
  645. save two three four cent a kilowatt hour
  646. but actually the DSO is a monopolist.
  647. >>. So the DSO he's only only let's say
  648. only only for this model DSO has a
  649. really huge role in the system a very
  650. very important one. This is also why
  651. it's important that he is a monopolist.
  652. I'm I'm not against because
  653. >> natural monopoly
  654. >> it is a monopol because if the DSO would
  655. not be a monopol you will have a double
  656. infrastructure.
  657. >> This this doesn't make a sense
  658. because we don't have double roads we
  659. don't have double cables you don't put
  660. double infrastructure. So it's normal
  661. that the grid operator is a monopolist
  662. and providing this infrastructure in the
  663. same way to all market players. But what
  664. is he doing in our model? how is he
  665. connected to the platform? He's a data
  666. provider.
  667. >> Mh.
  668. >> So the DSO provides our our platform
  669. with the data how much electricity did
  670. for example you get directly from the
  671. asset. This data it provides to our
  672. platform so that we can do the billing
  673. and it provides also the data to the
  674. utility what you consumed for the
  675. utility. So normally the DSO always send
  676. the data to the utility and said for
  677. example Raul in this year your household
  678. let's say had
  679. spend like 3, 000 kilowatt hours and now
  680. he needs to send me the data I will
  681. spend over the energy communities 2, 000
  682. kilowatt hours and provide the other
  683. information to the utility and from you
  684. will get 1, 000 kilowatt hours. So the
  685. utility will build you the th00and
  686. kowatt tower and no will build you the
  687. 2, 000 kowatt towers and this is like
  688. this is the role of the DSO as a
  689. monopolist in the system and he needs to
  690. provide the data to us and also to the
  691. utility and now he needs to
  692. split the data.
  693. >> Yeah and you mentioned now that energy
  694. sharing in Germany so in somehow
  695. Austria was more advanced than Germany
  696. so now they are catching up.
  697. >> Yeah. And the law is starting on January
  698. 2026. So one month more. Today is
  699. December the 2nd.
  700. >> And how do you see the other European
  701. countries regarding energy community?
  702. What are the most advanced ones and what
  703. are coming next?
  704. >> So Austria was in any case first mover.
  705. So no matter where we comes where we
  706. come into new new markets, everybody who
  707. is in any way wants to
  708. know more about the model or run the
  709. model or implement the model is looking
  710. at Austria. So now Austria is really a
  711. front runner. We have the model model.
  712. We have the most advanced regulatory
  713. model. but also our DSOs are the
  714. most advanced in that data transfer
  715. even if we still have some problems and
  716. we communicating on daily
  717. basis but it's a good communication.
  718. It's it's really it's a good one. I
  719. wouldn't I wouldn't now bash on
  720. that because that developed really good
  721. and we are partnering on a lot of
  722. things with the DSO. So that works
  723. great. so everybody is looking at
  724. Austria. So this is also where we have a
  725. very trustful position entering new
  726. markets or you're coming from Austria
  727. how to do these models because
  728. we are all looking there.
  729. >> nevertheless the regulatory now the
  730. the German is the last mover
  731. >> to be honest it is as it is we can't lie
  732. on that. but nevertheless you have
  733. the regulation implemented in all EU
  734. countries. So actually it's possible to
  735. run the model in all EU countries.
  736. It's just a little bit let's say
  737. different to what extent the regulation
  738. put the model especially in terms of
  739. benefits
  740. >> like the transposition of the European
  741. law into each country
  742. >> absolutely so countries like Austria
  743. says full transposition it's good model
  744. let's develop that bottom up market
  745. let's give the benefits to the consumer
  746. so that that so that they go into that
  747. models because they have some
  748. benefit on money and the
  749. plan is not to keep these benefits on
  750. grid cost and on taxes forever. It's
  751. just when you see the models develop,
  752. people go to the model and there is some
  753. some kind of level playing field with
  754. the utility model then they will cut
  755. these benefits and it's okay because the
  756. model needs to be standalone on the
  757. market also without sub subsidies
  758. without these type of benefits but the
  759. EU law put it in that way to say you
  760. need to put some benefits into this
  761. model by regulation just to be able to
  762. push the models up because otherwise
  763. it's not attractive.
  764. energy market is very tight. Now we talk
  765. about utilities, you can put it, it's a
  766. little bit of oligopoly. Let's let's put
  767. it like that. It's it's not really like
  768. total free market of
  769. >> still concentrated.
  770. >> It's Yeah. Thank you for helping me.
  771. It's a very concentrated market. So it's
  772. not easy for the consumer to say, "Oh,
  773. and, you come home, you
  774. push the button, light is on, and you
  775. don't care about it."
  776. >> Yeah. So you need something that that
  777. helps you to say hey I go for it I
  778. will take my time and look
  779. what it is and try it out. So this is
  780. why the regulation wants to have these
  781. benefits but nevertheless each country
  782. as we are different in the European
  783. Union put the law a little bit different
  784. but it's it's it's there
  785. and you can run the model. So at the
  786. moment we have around I think in the
  787. meantime already like 60 German
  788. customers..
  789. >> And of course we have some first
  790. models like piloting in Belgium
  791. and also in Italy and also in
  792. Switzerland. So we are moving to these
  793. markets. The German market is of course
  794. the most important for us. It's a dark
  795. region.
  796. >> We speak the same language. So it's a
  797. little bit seamless to go to that market
  798. and we and what is more important than
  799. that language and everything. it's
  800. it's the biggest electricity market in
  801. the European Union. It's a German
  802. market. So the amount of electricity
  803. which is supplied in Germany it's
  804. it's the biggest market. So you can't
  805. leave the biggest market no matter what
  806. obstacles you have. And
  807. obstacles in Germany are pretty high
  808. because they didn't have a regulation
  809. until last week and we see the run
  810. because the customers potential
  811. customers are calling us now. We have so
  812. much inbound since since they passed
  813. the law. So there is a huge demand and
  814. need and customers want to have it and
  815. >> somewhere they heard about Noil. So I'm
  816. also proud about it because I was really
  817. astonished who is calling us and how
  818. they get our
  819. >> amazing
  820. >> name and number and whatever. So yeah
  821. that that works well.
  822. >> Lorena the utility they
  823. have been very used to doing everything
  824. by themsel like there's a bit
  825. of resistance to any innovation. I'm not
  826. saying that everyone but they are
  827. liberalizing going forward but
  828. Especially also for energy community the
  829. trend is that they started their own
  830. energy community some of the utilities.
  831. Yes. How do you see do you see them
  832. being a like a big competitor or they
  833. will be able to because
  834. >> y
  835. >> it might be easier for them to
  836. convince DSO right?
  837. >> Yes I would love to put it on that way.
  838. when you look at the electricity
  839. market no matter if you look in Austria
  840. or Europe in Austria you have 10
  841. utilities and there is enough portion
  842. for all 10 of them in Europe you have
  843. players like Eon Watenfall EDF EDP I
  844. don't know and there is enough for all
  845. of them
  846. >> so electricity market it's it's a large
  847. market it's enough portion for everybody
  848. so I think it's enough room So I don't I
  849. see them as a legitimate player in the
  850. market the same as we are. You need to
  851. you have these cycles where you
  852. really need to challenge the models that
  853. we have in place and also provide the
  854. market the consumer the stakeholders
  855. also some new models let's say come back
  856. to booking Airbnb and the old model
  857. let's come with Uber and taxi. So you
  858. know there are some cycles when new
  859. models come and probably you can
  860. have this type of examples when you go
  861. further in the past you always have we
  862. we all reinvent some some industry but
  863. it doesn't mean to that that the old one
  864. needs to die so it's not a kodak
  865. scenario or Nokia scenario for me it's a
  866. more scenario there is enough room for
  867. everybody also the electricity demand is
  868. growing
  869. >> we are decarbonizing everything and we
  870. are electrifying everything. So if you
  871. go to the automotive sector, if you
  872. go to e-mobility, we will need so much
  873. electricity more. If you go for all
  874. heings being electrified and push the
  875. fossil out, it will be so much
  876. electricity more needed. And I'm still
  877. not with all data centers for artificial
  878. intelligence which are I think in
  879. McKenzie study with 140 terowatt hours
  880. of
  881. The cake is getting bigger.
  882. >> Yeah.
  883. >> So it's enough for everybody. It's now
  884. enough for everybody. So I'm not I'm not
  885. doing and if somebody feel wants to have
  886. energy community from the utility, it's
  887. fair enough. It's the same like it's
  888. fair enough that somebody comes to me
  889. and say what I want to have
  890. something else in my utility. So it's
  891. fair enough. I think
  892. >> regarding the escalibility you mentioned
  893. that you were seeing some neighbor
  894. countries.
  895. >> Yeah. So I wanted to go into
  896. personally one of the most difficult
  897. questions. Okay.
  898. >> That
  899. >> because you mentioned the all the
  900. benefits all of energy communities the
  901. saving taxes the h the grid expenses.
  902. >> so all of this is being saved. So the
  903. more our self producers the less the
  904. grid is getting to maintain the
  905. grid. So the question is now with more
  906. energy communities who is paying the
  907. grid?
  908. >> We are all paying the grid always.
  909. >> Yeah.
  910. >> Since the all monopoly
  911. infrastructure the taxpayers so we
  912. are paying it all. But I know where
  913. where your question is heading. you
  914. know we have all I will again go to
  915. the general we all always have this
  916. situation that we are socializing cost
  917. for infrastructure we are also
  918. not all driving car but we all pay as
  919. whatsoever paying taxes for
  920. building up the lobo or whatsoever
  921. infrastructure that maybe I don't need
  922. or I don't want to have but still so
  923. I think it's normal that the part of
  924. infrastructure is always been socialized
  925. also also the vinolin and uban and
  926. everything this is all tax
  927. taxpayers and it's still good for us you
  928. know I would always love to pay taxes so
  929. that they build more uban and they build
  930. more of infrastructure and also the grid
  931. >> okay so it's public owned
  932. >> the grid yeah
  933. >> the grid is public owned that's why it's
  934. a monopoly and this is why but
  935. nevertheless the guys who are
  936. producing more with the PV of
  937. course they push more electricity into
  938. PV. So you could actually say now how
  939. the tariffs are set up. Actually the
  940. guys who are living in apartment in
  941. Vienna are paying grid for and this is
  942. always the opport like like how how how
  943. some media like to put it. So the poor
  944. guy in a social apartment in Vienna
  945. is paying grid for the rich guy on the
  946. vert having a large PV.
  947. >> Yeah. But still we need to develop the
  948. system. and it's normal that at
  949. some point some cost for infrastructure
  950. have been socialized like I said also
  951. for the public transport these costs are
  952. socialized no matter if you drive with
  953. the public transport or not you
  954. can use the bike every day I hope better
  955. than a car but still so this is
  956. normal but the state and the
  957. European Union but also the e control
  958. and Austria now with the new law
  959. they of course try or or not try they
  960. they do it now want to do the grid
  961. tariffs according to how to use the
  962. grid
  963. >> so you think that the now the new
  964. electricity law is kind of a respond on
  965. that matter
  966. >> partially I'm not now saying that
  967. I'm for the grid tariffs for the
  968. producers
  969. >> it's more than we have also the grid
  970. tariffs according to what we use from
  971. the grid so this is the
  972. first that they need to put in for
  973. the pushing pushing the tariffs
  974. for the producers. I'm not quite
  975. for it to be very honest because we are
  976. just pushing down the
  977. renewables for the let's say
  978. electricity that we will import because
  979. the less electricity we push into the
  980. grid the more we need to import because
  981. we are
  982. >> more expensive. We need more not more
  983. expensive. It's nuclear. It's coal.
  984. >> Of course, it's it's European mix. We
  985. have Austrian mix. Austrian mix at least
  986. >> super clean. Yeah. It's not super clean
  987. because you have craft simmering
  988. producing fossile electricity
  989. especially now in the winter time and
  990. and in eastern of so it's a
  991. it's natural gas but Austrian mix is
  992. nevertheless approximately let's say 70
  993. 60 70% hydro and then we have PV and
  994. wind and
  995. by 2030 it should be
  996. >> exactly and then we have and then we
  997. have a natural gas so this is Austrian
  998. mix but when you import
  999. >> from outside. Then you import coal from
  1000. Germany, nuclear from
  1001. >> Islamia or
  1002. >> yeah the bad old one nuclear the
  1003. Soviet ones from from Czech and yeah
  1004. you can there is a great app called
  1005. electricity map.
  1006. >> Yeah, super recommended.
  1007. >> It's super recommended because you can
  1008. really see
  1009. >> real time
  1010. >> and it's bad to see it when I see
  1011. Austria like yellow or or like
  1012. getting brown and I say okay why are we
  1013. importing so much of bad electricity
  1014. and why we are not green
  1015. >> yeah this is well regarding the
  1016. question it's in interesting because I
  1017. just realized that in my mindset is not
  1018. public owned because in Chile we were
  1019. the first country to liberalize the
  1020. electric market and everything became
  1021. private so it's a not natural monopoly
  1022. but private so all of these
  1023. initiatives I don't know what you mean
  1024. >> it's interesting
  1025. >> no in Europe we had the
  1026. unbundling regulation in 2000 where the
  1027. grid operator which is a monopouist
  1028. owning the infrastructure need to be
  1029. separated from the utility which is
  1030. actually a competitive part of the
  1031. market.
  1032. >> Okay. And this is why for example you
  1033. they needed to split all the
  1034. utilities and this is why you have now
  1035. in Austria venet that's the DSO the
  1036. monopolist the grid operator and vin
  1037. which is utility in the competition
  1038. >> okay
  1039. >> and you have it everywhere so you have
  1040. also in need
  1041. which is a grid operator is a monopolist
  1042. and f which is a utility in the in
  1043. the competition competitive markets. So
  1044. this is why and this is through whole
  1045. Europe.
  1046. >> and this is why we also get the data
  1047. from the grid operator because he is
  1048. stateowned monopolist and he needs to
  1049. >> provide data to everybody.
  1050. >> How willing are they to share the data?
  1051. You think the DOS they like to share the
  1052. data?
  1053. >> Yes. I don't think that they have any
  1054. problem to share the data. they have
  1055. problems more with the capabilities
  1056. how to share the data. the
  1057. digitalization it's the large large
  1058. topic and large issue and the
  1059. capabilities I think that's that's the
  1060. manpower do I have the real the
  1061. right people sitting in the office
  1062. which have the capabilities and the
  1063. education to run the data models and
  1064. and to do the all all these things I
  1065. think it's more not not that they don't
  1066. don't want to they need to put them in
  1067. the situation to have the capabilities
  1068. to do So it's a lot of digitalization
  1069. and it needs to be done there but you
  1070. know it's not only now in this
  1071. what happened us in corona time when we
  1072. realized we are not capable to exchange
  1073. the data so nobody knows and
  1074. this is the same like more or less so
  1075. they needed they had a really short time
  1076. to implement all this APIs and
  1077. everything to be capable to provide
  1078. us with data in the market but we are
  1079. moving and every today it's better than
  1080. the past one. Let's
  1081. let's say it like that. So it's it's
  1082. okay.
  1083. >> Lorena you already you were
  1084. talking about like the Austria getting
  1085. electricity from the neighboring
  1086. countries. Do you think like why your
  1087. platform and going forward also the
  1088. other Eastern European and the central
  1089. European countries they it will be
  1090. lucrative for the factories to share
  1091. energy between your platform. they can
  1092. that let's say a check factory wants a
  1093. clean energy
  1094. >> and they could just talk to you and that
  1095. you are able to provide them.
  1096. >> Yeah, absolutely. And we are really
  1097. approached by by different type of
  1098. industry and businesses and
  1099. producing because they have a lot of
  1100. them have also need for clean energy
  1101. because they have some ESG rules they
  1102. need to meet and they need to
  1103. deliver or or or whatsoever. So it's
  1104. money. so they have a large need
  1105. for green electricity. Next to
  1106. that
  1107. >> that they have some own assets which
  1108. they want to incorporate in their
  1109. supply. So this is not working very well
  1110. at the moment where for example you have
  1111. a company who has two or three sites
  1112. somewhere let's say in Austri in some
  1113. Europe let's say in Slovakia. Yeah. one
  1114. is in Bratislava and the other
  1115. ones are somewhere else and they have
  1116. some let's say large producing asset on
  1117. one side because they have a large
  1118. rooftop and with great opportunity.
  1119. >>.
  1120. >> And they produce their surplus energy
  1121. but they can't supply their office
  1122. building in Bratislava by their own
  1123. produced energy. the system is so this
  1124. is where we come and say no problem we
  1125. have a platform you put your all three
  1126. sides on the platform connect them with
  1127. each other as a energy community energy
  1128. hub energy sharing come on name it as
  1129. you like it I don't I don't have there
  1130. any any problems so you name it
  1131. >> and this is actually and then you
  1132. can share first your own energy
  1133. throughout all your metering points as a
  1134. company and now it this this possibility
  1135. is not is just not there and this is a
  1136. lot of our customers in Austria are
  1137. exactly doing doing doing doing that
  1138. model when they say okay I have multiple
  1139. sites or let's say for example the
  1140. bookstore Morava which you probably know
  1141. as a student in Austria because they
  1142. have a lot of bookstores and then they
  1143. have a large facility somewhere else
  1144. so this is for example one of our
  1145. customers which I'm very proud of
  1146. because I studied I studied law
  1147. and when you study law you have a lot of
  1148. books. So I always like Morava and
  1149. spending time also there as I was a
  1150. student and so now they have a
  1151. producing asset on there like this
  1152. facility they have outside of Vienna and
  1153. now we will take them all in a
  1154. pool and then they can supply with their
  1155. own PV also their their bookshops in
  1156. Vienna and so this is actually
  1157. with the skiing resorts is more or less
  1158. the same. skiing resort has a lot of
  1159. metering points owned by them on the one
  1160. side but they are not connected and we
  1161. are connecting it by our platform and
  1162. it's a large benefits for all B2B
  1163. customers. you touched upon the
  1164. willingness of DSO sharing data, but do
  1165. you think that also there's a inherent
  1166. unwillingness on the government side
  1167. that they still don't trust the
  1168. cloud-based data yet and all all
  1169. like your at model at Noil and a lot of
  1170. innovative innovative solutions because
  1171. they have the data on the cloud and the
  1172. the distrust between the government it
  1173. faces a lot of hurdles with I'm not
  1174. sure on that because I would
  1175. challenge on that why because
  1176. of the very simple answer that all our
  1177. governments are using Microsoft
  1178. which
  1179. as we know now there is one case where
  1180. the Microsoft shut down all the services
  1181. to one person it's a judge and he is
  1182. like cut it off from from from the world
  1183. his credit card doesn't work he can't
  1184. book anything it they just cut down cut
  1185. him down. I'll put you the case. Very
  1186. interesting. but actually they are
  1187. all using Microsoft. So they're also
  1188. using Microsoft cloud
  1189. >> the data centers in the US.
  1190. >> Exactly. So if we compare to
  1191. Noil is using and if you want to say no
  1192. has a server in Austria and our data are
  1193. in Austria and in Germany. So
  1194. what. But I always give an answer
  1195. to this question. Hey guys, we are all
  1196. using that and of course we need to
  1197. rethink it that there is some also
  1198. because of this case that happened they
  1199. are now on the European Parliament on
  1200. European Commission level also thinking
  1201. because this is part of our European
  1202. security
  1203. >> business everything happening
  1204. >> that's also yeah but I don't
  1205. I don't think that's that's the issue
  1206. and I think we have a large awareness
  1207. of we need to also start in is start to
  1208. have our own service providers also in
  1209. this tech part of the business and
  1210. also in the AI world and in all of
  1211. these things. So I think we will
  1212. move forward also on this in Europe. A
  1213. quick run on something it's just not
  1214. a part of our DNA in Europe.
  1215. maybe to put it like that and it
  1216. doesn't need to be a bad thing because
  1217. actually Europe is still the nicest
  1218. place to be in the world to work and to
  1219. live and whatever you want to do.
  1220. >> It's also part of the Yeah.,
  1221. it's still and so also or or
  1222. how to how I love that that that
  1223. sentence., the democracy is the
  1224. most inefficient way to rule a country,
  1225. but it's still the best way or we still
  1226. doesn't have nothing better than that.
  1227. Even if it's the most inefficient way
  1228. because no matter how many voices you
  1229. have on the table, we all need to cramp
  1230. to the same point.
  1231. >> Tell Raul that it's the biggest
  1232. democracy.
  1233. protype of democracy there. But this is
  1234. another podcast. This is another
  1235. podcast.
  1236. You are right. But it's another podcast.
  1237. >> She deserves an applause.
  1238. >> But what I actually
  1239. not saying India Indian democracy is I
  1240. don't know what you said, but I'm
  1241. wearing a Indian jacket today.
  1242. >> Yeah.
  1243. >> Yeah. No, but what I wanted to say maybe
  1244. it's not always of course we are
  1245. triggered by what others are doing and
  1246. we are al of course watching very much
  1247. to the US and to China and have the
  1248. feeling they are running over us by this
  1249. AI and all of these big tech companies
  1250. like Ma or Alphabet or whatsoever. But
  1251. what we need to ask ourself is that
  1252. the quality of living and of the models
  1253. that we want to have or or is it maybe
  1254. even better to say okay give me your
  1255. Instagram give me your Facebook we run
  1256. with that for a couple of years then we
  1257. come up with okay this part is good this
  1258. part is really bad and this part you
  1259. really don't want to have where they are
  1260. observing you whatsoever and then do our
  1261. own model which is also good and which
  1262. is maybe more sustainable than all of
  1263. these models. I was I would always go
  1264. for Europe and our model of doing
  1265. things even if it's slowing down if it's
  1266. inefficient.
  1267. >> but
  1268. >> yeah actually we went to China three for
  1269. three weeks the last month.
  1270. >> Okay.
  1271. >> And well we can share a lot of things
  1272. about the tree but not now.
  1273. >> But one of the things it was interesting
  1274. that many of their goals are based in
  1275. European goals. So for example they are
  1276. aiming to have carbon neutrality to 2060
  1277. and it's close to 2050 and then all
  1278. the we saw we had a lecture about
  1279. synthetic fuels for airplanes
  1280. >> and they set all their goals
  1281. >> to match with the European goals
  1282. >> of course. So it's like okay it is
  1283. low but it sets some
  1284. >> no even standards.
  1285. >> Exactly. Because what they really know
  1286. is we can do it in other way than
  1287. Europe because we are autocracy. So no
  1288. matter what I want what I goal I have I
  1289. can push all the money and everything I
  1290. want into that because it's an
  1291. autocratic system. So I rule by top
  1292. down. but nevertheless they are
  1293. intelligent enough to know Europe is our
  1294. biggest market is of course next to us
  1295. our most important market and this is a
  1296. market which is setting the standards on
  1297. environment on safety it's not only
  1298. environment it's also safety
  1299. >> data protection
  1300. >> data protection or just for my
  1301. Christmas lights not to burn down my
  1302. house it's also a safety standard
  1303. >> and so they know they that on the one
  1304. way we have standards which are anyhow
  1305. good for everybody like don't burn my
  1306. house with stupid Christmas lights.
  1307. on the one way and on the other
  1308. way if they don't go with that
  1309. standards they lose their markets
  1310. and US market is in yeah they
  1311. they have a little bit lower standard
  1312. than us but they still have standards
  1313. you
  1314. >> yeah well the conversation is getting
  1315. super interesting
  1316. >> like running out of time so we wanted
  1317. to move to the future vision So we
  1318. wanted to ask you this just to
  1319. dream if if you would have hundred
  1320. million euros what would you or where
  1321. would you invest it on to accelerate
  1322. energy transition.
  1323. >> Okay. So I would put two hats. So
  1324. one is of course no
  1325. >> in a startup
  1326. >> if I would no if I would have a next
  1327. funding round of 100 millions.
  1328. >> Yeah. after our last five million
  1329. around., of course, we would try,
  1330. of course, to push up, push this
  1331. model even if you need to subsidize and
  1332. something just to gain a market share
  1333. and to roll out, as I love to say it,
  1334. a bottom up, supply model
  1335. because, I'm totally convinced,
  1336. and we have already like 50
  1337. employees, which are more all really
  1338. much younger than I am still. So, it's
  1339. really bad. which I see there is a
  1340. need on market and we need
  1341. something like this. so the system of
  1342. just top down by even if they are 10 in
  1343. Austria but by the big guys is just not
  1344. sufficient for us to
  1345. have a resilient energy supply for
  1346. the future. So if you would give Nobel
  1347. 100 million euro, we will go and run
  1348. for the market just to give the
  1349. possibility of all consumers to have
  1350. this model and to supply them locally
  1351. and because when you supply yourself
  1352. locally, you also support the guys who
  1353. are building the assets, you are
  1354. creating working place locally within
  1355. your municipality, within your region
  1356. and so on. If I would be a politician
  1357. politician
  1358. of the somewhere in the EU or in
  1359. Austria, of course, I would push for
  1360. for grid and for renewable. So for
  1361. flexibilities, sorry. So let's say
  1362. renewable assets in terms of
  1363. flexibility, storage, storage, storage,
  1364. storage, storage, storage. And then I
  1365. don't need any thermal assets on
  1366. nuclear because then I don't need that
  1367. base load power plants. I need
  1368. flexibility. So grid and flexibilities
  1369. storage batteries storage storage
  1370. >> amazing
  1371. >> storage storage
  1372. >> but having said that also in the future
  1373. vision how how do you see
  1374. like you have a platform which is
  1375. replacing PPA the human negotiators
  1376. there's also a large share of AI in
  1377. energy trading as well how do you see
  1378. that going forward
  1379. >> forecasting also and everything yeah so
  1380. a lot of things are getting auto automat
  1381. it which also means more efficiency in
  1382. the system and it's also always good to
  1383. have in this type of industry efficiency
  1384. because anyhow you are working
  1385. with systems
  1386. so you are gaining efficiency and if
  1387. you had a system where one guy is
  1388. calling the other guy to start running
  1389. some plant because the grid needs
  1390. electricity or something it's better to
  1391. digitalize this process so nobody
  1392. actually lose that much if we digitalize
  1393. ize this information is going from A to
  1394. B in 10 seconds. Please push the
  1395. turbine or whatsoever. so we are
  1396. gaining a lot of efficiency and we can
  1397. then when you ask me who is
  1398. paying for the grid so we can use
  1399. this u this efficiency gain to put that
  1400. money maybe into into into the into
  1401. other type of systems because the value
  1402. chain of electricity is really a
  1403. large value chain and if you go
  1404. throughout the value chain you will
  1405. always find
  1406. where you need money and where
  1407. you can put more workflow and where
  1408. you can create new business models
  1409. and therefore create new money there,
  1410. flexibilities
  1411. again, create new infrastructure which
  1412. creates new new working places and all
  1413. of this. So yeah I think I think
  1414. digitalization efficiency gaining it's
  1415. is very very important and we need to do
  1416. more on the digitalization of the grid
  1417. also because when you go for the
  1418. e-mobility
  1419. and all these vehicles are moving assets
  1420. there are flexibilities I just can't run
  1421. vehicle to grid because I need the
  1422. capabilities of the grid so that my
  1423. electric car can also
  1424. serve as a flexibility for the grid
  1425. and also to sell energy to the utility
  1426. provider.
  1427. >> Yeah. And now we have to ask this
  1428. because it's on the table everywhere is
  1429. AI. So what do you think that is the
  1430. role of the AI in energy communities?
  1431. >> Yeah. So I think every and each of the
  1432. new technology
  1433. needs to or has has place in the
  1434. business models it always
  1435. start with the buzz word and then you
  1436. know and everybody needs to have like AI
  1437. AI AI and at some point that settles and
  1438. then you really see okay where it's
  1439. really beneficiary where it's a must and
  1440. where it's still just a buzz word and
  1441. okay to have but No, no, no, no much
  1442. need when you go to things of
  1443. like doing the forecast and
  1444. doing all of these things. So AI can
  1445. really be a very good tool and a good
  1446. put good benefits in the whole in the
  1447. whole system. Also when I when I look
  1448. how you manage the grid and
  1449. everything of course the AI can provide
  1450. you with that quick u data processing
  1451. that within I can't even imagine you
  1452. know I'm I'm I'm a lawyer I'm not a
  1453. technical guy or woman but the
  1454. it's it's processing data out of grid
  1455. and can provide the TSO
  1456. with such important information in
  1457. such a short period of time in
  1458. seconds or or lesser than a minute
  1459. >> and this is of course where you gain so
  1460. much benefits and you can
  1461. you can just do your work much better
  1462. and much of
  1463. stability you get out of from the
  1464. system. So I think AI is really
  1465. important. we need to implement it
  1466. into into our systems and because
  1467. it's it's doing a lot of benefits I
  1468. don't need it everywhere but it's the
  1469. same with all technologies I don't need
  1470. them everywhere and if I if I put it
  1471. really in a proper way then it can
  1472. have a lot of benefits so yeah we need
  1473. AI also in electricity for me it's it's
  1474. it's set it's it's
  1475. >> it's for the fault now
  1476. >> yeah you Oh, you always
  1477. need to go with a new technology. Just
  1478. just discussing technology as something
  1479. bad. It's it's no word.
  1480. >> Just go for it and you will see what
  1481. what at some point you will come up
  1482. where is the benefit for different type
  1483. of systems or industries or whatsoever.
  1484. Yeah. And do you feel that going forward
  1485. Nobel being the capability that
  1486. Nobel has and if you are also
  1487. collaborating with a utility or can
  1488. become a digital arm of a utility that
  1489. you'll be able to scale more
  1490. >> well of course
  1491. >> especially with Vin energy for let's say
  1492. for example
  1493. >> of course of course to be very honest
  1494. in Germany we are really doing a lot of
  1495. So we are working a lot with
  1496. the utilities.
  1497. >> So we have like more than 30 customers
  1498. in Germany which are utilities.
  1499. and actually yes of course they are
  1500. scaling us because each one of the
  1501. metering point of customer which is on
  1502. our platform no matter if it's directly
  1503. you or you throughout Venge or some
  1504. other utility
  1505. >>.
  1506. >> you are my customer. So yeah and as I
  1507. said on the whole beginning it's
  1508. enough room for everybody and to be very
  1509. honest I sent also my customers to
  1510. the utility and say
  1511. this is where you get get get a good
  1512. good electricity contract and we are
  1513. also partnering with some utilities
  1514. also in Austria and it's good it's
  1515. good it's it's a nice thing. Great. And
  1516. now thinking in future any
  1517. transitions we say that it's a marathon.
  1518. So we have 2050 like a goal but it could
  1519. be even more. So what would be your
  1520. advice for the young professionals
  1521. getting in this sector and especially
  1522. for woman?
  1523. it's it's it's unbelievable how
  1524. interesting the energy sector it is
  1525. especially electricity. it's it's you
  1526. are learning so much new things so
  1527. much interesting things and of course
  1528. it's something that has a purpose well
  1529. because at the end we all need
  1530. electricity. It's good. and it's
  1531. needed. it's needs some efforts
  1532. because young people at some point
  1533. I see it with my employees. Okay. They
  1534. need to understand that things are not
  1535. running that quick as maybe in a
  1536. lifestyle industry or or in
  1537. fastmoving consumer industry. That's why
  1538. it's called fastmoving consumer industry
  1539. and not slowmoving electricity industry.
  1540. so but it's so interesting and it
  1541. allows you at the end it's such a
  1542. wide spectrum. So when you as a young
  1543. person come into this industry at
  1544. some point you have really a lot
  1545. that you later can choose what you want
  1546. to work with. Do you want to work with
  1547. the utility? Do you want to go with the
  1548. DSO? Do you want to be a technical guy
  1549. and build the windmills or PVE
  1550. plants? Do you want to calculate the
  1551. business? Do you want to sell the
  1552. business? So really there is such a wide
  1553. range what you can do. and if you go
  1554. a few years through the business as I
  1555. did you will learn so much about so
  1556. much different things about the
  1557. physics you also if even if you do just
  1558. about I don't know working in
  1559. customer part talking with
  1560. customer you still need to know that the
  1561. grid is stabilized at 50 Hz. You need to
  1562. know that. So you also need to have some
  1563. a little bit of physics of
  1564. economics.
  1565. We are talking about the tariffs of how
  1566. the system is working that
  1567. windmill is producing in winter and
  1568. PV in summer and the load curves. So
  1569. it's so much of knowledge that you get
  1570. out of spending time in the
  1571. industry that I can really say to
  1572. each one of young person and look I'm a
  1573. lawyer so you can come really from a
  1574. from education which has really nothing
  1575. which is so far away from electricity
  1576. because it's not technical it's not
  1577. economics and I would really
  1578. invite young people to try out the
  1579. industry because it's very interesting
  1580. and there are so many paths they can
  1581. take then later on it's so open to
  1582. women it's of course more difficult like
  1583. in every industry this is just
  1584. statistics it's not Lorena it's
  1585. statistic
  1586. >> but we are fostering that's why
  1587. >> we are fostering it's changing to be
  1588. very honest and as I my beginning in
  1589. electricity but it was not much diff
  1590. I'm a little bit different in the
  1591. lawyer's office but also the same I was
  1592. really very often sitting alone with
  1593. male on the table.
  1594. >> And so at some point you get used to
  1595. that. At some point it's annoying but
  1596. it's it's no word no matter you just go
  1597. your way. And this is why I need to say
  1598. to every woman just don't care about it
  1599. and do your way but it's changed at the
  1600. moment a little bit. So there are more
  1601. >> and how do you see the trend at Nobel
  1602. right now.
  1603. >> Yeah. So yes and what I wanted to
  1604. say is the industry became
  1605. wider also through the companies
  1606. like Noila is but also to the companies
  1607. like the guys who build the wind parks
  1608. and who build the PV plant so you don't
  1609. really need to go to this a little bit
  1610. more
  1611. >> stiffer
  1612. u corporates you can choose you can go
  1613. so I see that people feel very
  1614. comfortable with no because we are also
  1615. a very diverse and as we did the last
  1616. funing ground. it's it's a it was a
  1617. it's it's now around a year ago and we
  1618. get international also European VCs
  1619. who funded us. and then we also and
  1620. this was also our wish from Peter and
  1621. myself to put into into our statute
  1622. that our goal is to have 50% of
  1623. the women and 50% because I think you
  1624. always start with yourself.
  1625. >> Yeah. And if you don't want to give that
  1626. effort in your own company then you
  1627. don't need to go to other ones and say
  1628. hey why do you have so less women. So
  1629. still it's not that easy. So we are
  1630. pushing hard also on that. We also
  1631. pushing hard on being very diverse.
  1632. we are now English speaking company.
  1633. >> Wow.
  1634. >> Let's ask for another applause.
  1635. >> Yeah. Let's see.
  1636. >> Yeah.
  1637. Thank you. Yeah. So we really I'm proud
  1638. of that. We have guy from Nepal. We
  1639. have a guy guys from from from South
  1640. America. so and a lot of Europeans.
  1641. we have yeah some some some people
  1642. also from Israel. So we are so
  1643. diverse as as as we can only be and
  1644. it's a so I would say actually to
  1645. all the companies it's such a
  1646. beneficiary for a company for being
  1647. diverse because you get so much of
  1648. different inputs which helps your
  1649. businesses and our customers are also
  1650. diverse. So we also need to
  1651. meet our customers with also
  1652. how we are as a company and how we are
  1653. acting. What one thing we are saying
  1654. with the energy bridge is that the
  1655. energy transition can wait can't wait
  1656. for the language.
  1657. >> No. So it has to be going in forward
  1658. with one language. So that's why we also
  1659. try to foster English in the entire
  1660. region.
  1661. >> Yes. Yes. And this is also the way
  1662. to go. Yeah.
  1663. >> Yeah. Okay. it has been amazing to
  1664. have you very exciting conversation.
  1665. yeah, we look forward to have you
  1666. maybe again in our next forum. Of
  1667. course, your participation was super
  1668. insightful and energetic
  1669. and yeah, do you want to add something?
  1670. >> No, just thank you. It's been an
  1671. honor and we really feel your
  1672. energy. So onwards and upwards for Noil
  1673. and for you and for everyone around you.
  1674. Thank you.
  1675. >> Thank you guys. I enjoyed it and it
  1676. was such a pleasure and hope to do a
  1677. lot of things together with the two of
  1678. you and the energy bridge also in the
  1679. future and thank you so much.
  1680. >> Amazing. Thank you and thanks the
  1681. community for watching the episode until
  1682. the end and see you in the next episode.
  1683. Cha chiao.