Flower

About Flower

Based in Stockholm, Flower Infrastructure Technologies operates as a virtual power plant, a business concept gaining traction within the energy sector. The company specializes in aggregating and managing distributed energy resources, such as battery energy storage systems (BESS), to offer services to the power grid. This approach allows Flower to create a more flexible and responsive energy system, which is crucial for balancing the grid as the proportion of intermittent renewable energy sources like wind and solar increases. The firm's primary revenue stream is derived from participating in ancillary services markets, where it provides critical grid-stabilizing services to transmission system operators like Sweden's Svenska kraftnät. This is achieved by using their proprietary software and statistical models to optimize the performance of the assets under their control, bidding them into markets such as the Frequency Containment Reserve (FCR) market.

Flower was founded in 2020 by John Diklev, who currently serves as the CEO. His background includes extensive experience in the energy trading and asset management sectors, having previously worked at companies like Modity and Shepherd Energy. This firsthand experience with the complexities of energy markets likely informed Flower's strategic focus on providing data-driven solutions for grid services. The company's platform is designed to connect a variety of energy assets, enabling them to collectively function as a single, dispatchable power plant. By doing so, it unlocks new revenue streams for asset owners who can participate in markets previously inaccessible to them. Flower's business model capitalizes on the accelerating energy transition, positioning itself as a key enabler for integrating more renewable energy and enhancing the efficiency of the existing power infrastructure.