Cactos, known for its battery energy storage systems, to start selling Finland’s cheapest electricity to its customers

Cactos Oy, a Finnish developer and operator of intelligent battery energy storage systems, will begin offering its customers the cheapest electricity in Finland this autumn.

Cactos serves customers such as industrial and agricultural businesses, as well as large properties, where it has delivered its battery energy storage systems.

The AI-powered software integrated into Cactos’ energy storage units enables exceptionally low electricity pricing by continuously tracking electricity production and consumption in real time. This new business expansion promises relief for many energy-intensive sectors that struggle with high or at least volatile electricity prices.

“We are dealing with something quite fundamental here,” says Oskari Jaakkola, CEO of Cactos. “We have hundreds of energy storage units across Finland supporting our customers’ electricity usage. We realized that this infrastructure also enables us to offer the most affordable electricity in the country. And in the end, that’s what everyone wants.”

According to Jaakkola, the system functions so that in addition to ancillary service market participation and, for example, peak demand support, the battery storage system ensures based on forecasting and real-time measurement that electricity is always procured from the market at the lowest possible price. This is an advantage that traditional energy companies lack.

Operations begin immediately

Cactos’ transformation into an energy provider has progressed rapidly. Just a couple of weeks ago, the company sent a survey to its customers to gauge their interest in purchasing electricity from Cactos. Now, the first pilot customers have already signed electricity contracts with the company. Broader rollout to other customers will follow in the autumn.

Cactos has been experiencing steady growth. About a month ago, the company announced the delivery of its first battery energy storage systems to Sweden, specifically to Wibax’s terminal in Malmö to accelerate electric truck charging. Cactos is also aiming to begin electricity sales in Sweden as soon as possible.

About Cactos

• Founded in 2021 in Finland, Cactos manufactures and operates intelligent energy storage systems.
• The company's name is inspired by a cactus, which adapts to its environment and excels at storing water and nutrients. 
• Employees: 100+
• Has delivered energy storage solutions to over 400 sites across Finland, Sweden, the Netherlands, and Ukraine, with installed capacity exceeding 100 MWh.
• Cactos systems manage peak consumption, secure critical power supply, and participate in electricity markets automatically.
• Cactos also operates as an energy company, selling electricity directly to its customers.
• Competitiveness is based on a full value chain approach. The Cactos Spine cloud service, developed in-house, maximizes the value of energy storage for customers. Systems and key components are manufactured at the company's production facility in Kempele, Finland.
• Cactos finances the majority of its energy storage systems.

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