We are always glad to share our opinion and news with general public. This time, Energetika.NET and Arne Mislej discussed the company’s operations, developments, and plans in even more detail, also touching upon the digitalisation of energy.
Have a look at the summary of the most interesting discussion points below.
Solvera Lynx Ljubljana-based energy solutions company has become known outside the country’s borders as a leading provider of advanced technologies for the energy sector, such as the innovative LoRaWAN, which is based on the Low-Power-Wide-Area-Network (LPWAN) standard.
“Sometimes we ourselves are not aware of how revolutionary our solutions are. We developed one such solution for the Slovenian gas TSO Plinovodi. It includes many features, from calculating volumes and hydraulic ratios to issuing invoices. We are currently discussing setting up a cloud for GemaLogic – our advanced software solution for efficient energy management – in Asia,” said Arne Mislej, CEO of Solvera Lynx, at the company’s Future Talk event in November (MORE).
Solvera Lynx in figures
In 2017, Solvera Lynx generated about EUR 3.7 million in revenue and about EUR 100,000 in profit, which is about 24% more in revenue and nearly a third more in profit than the year before. Last year, about a third of the profit went into development, whereas this year, the share will be somewhat lower. The company is planning a 15% revenue growth this year, also due to a growing team – it currently consists of 38 full-time employees, 10 student workers, and 6 additional outworkers who join them for projects when needed.
Taking part in Japanese-Slovenian smart grid project
The company also sees significant potential in smart grids and virtual power plants, explained Mislej, mentioning Solvera Lynx’s participation in the Japanese-Slovenian NEDO project, where 50 households, all connected to Slovenia’s Breg transformer station, had a ComBox device installed. According to Mislej, this indicates that eventually, every home will have a device like this – not only one, but a whole set – which will form the basis for the Internet of Things in our homes.
Mislej believes that this could also present an opportunity for new start-ups, similar to Slovenia’s Metera which turned its focus to electro-mobility several years ago and now forms a fully integrated part of Solvera Lynx. “However, Solvera Lynx will definitely remain focused exclusively on the energy sector for quite some time,” said Mislej, adding that for this reason, the company is investing heavily in the marketing and promotion of technologies and devices developed so far. As he explains, this still involves a lot of awareness-raising and informational campaigns for potential users, be it in industry or trade.
According to Mislej, the digitalisation of the energy industry is only just beginning, as the technologies that support it just recently reached the appropriate stage of development. “It is also true that we have different understandings of what digitalisation really is, however, I am convinced that future developments will be based on new know-how, which will derive from an enormous mass of new data. However, even with this basis, we will still need to learn how to extract the data needed for certain processes, which will be followed by processing and supervision – and this has not taken place so far.”
According to Mislej, the managements of the biggest utilities are still mostly just talking about digitalisation, instead of actually investing in concrete measures and digitalisation projects. “Our business partners are always very enthusiastic about the GemaLogic system, which, when compared with LoRaWAN-based devices, is still just a basic metering system, so we need to teach them about the benefits of LoRaWAN additionally, which speaks volumes.” Mislej believes that these types of systems could undoubtedly be used by providers of energy performance contracting (ESCO) solutions, who, he believes, are currently not really showing enough interest in these technologies, despite the fact that they could lead to better results, that is, to energy savings.
Join Solvera Lynx on Thursday, 8 March, at En.odmev 018, where we will discuss the digital transformation of the energy sector (MORE).