FENECON

About FENECON

FENECON specializes in advanced energy storage systems and smart energy management solutions aimed at achieving a 100% renewable energy transition. The company operates in the renewable energy market, focusing on both residential and commercial clients who seek efficient and sustainable energy solutions. FENECON's core product is its electricity storage systems, which utilize the OpenEMS-based smart energy management system (FEMS) to optimize energy usage, including grid-serving charging and discharging, and intelligent sector coupling of electricity, mobility, and heat. The business model revolves around selling these energy storage systems and management solutions, generating revenue through direct sales and long-term service agreements. FENECON also engages in research and development to innovate and improve its offerings, supported by various funding initiatives such as the EU Innovation Fund and the Bavarian Economic Development Corporation. The company recently launched the CarBatteryReFactory, a facility dedicated to repurposing used car batteries for energy storage, further emphasizing its commitment to sustainability and innovation.