Nokia’s new energy innovation venture Enscryb secures partner and first two customers

Core Insights - Nokia has launched a new energy innovation venture called Enscryb, which has partnered with NODES and secured two customers, Nanuq and Smartecon [1][8] - Enscryb provides a digital toolbox for real-time distributed energy flexibility orchestration, enabling accurate financial modeling for renewable energy projects [2][3] - The venture aims to contribute to sustainability by reducing energy expenses and increasing grid resiliency, aligning with Nokia's commitment to sustainable business practices [3] Company Overview - Enscryb is a digital platform that utilizes technology from Nokia Bell Labs to simulate electricity systems of varying sizes and complexities, focusing on energy flexibility forecasting [2][8] - NODES is an energy trading company that facilitates the trading of flexibility resources and Distributed Energy Resources (DERs), supporting the development of energy flexibility markets [4] - Nanuq specializes in charging infrastructure, helping industrial customers transition to electrified fleets by optimizing local generation resources and charge points [5] - Smartecon is a pan-Baltic EPC company focused on utility-scale renewable energy projects, assisting in the development of solar, battery, and hybrid power plants [6][12] Strategic Partnerships - The collaboration between Enscryb and NODES aims to enhance the flexibility market by optimizing investment decisions and operations for Distributed Energy Resources [7] - Enscryb's partnership with Nanuq and Smartecon is expected to deliver actionable insights and improve planning and performance in renewable energy systems [7][8]