The French company is at risk of exploding on the stock market due to Tesla

The French company is at risk of exploding on the stock market due to Tesla

Smart energy storage is another big market Tesla wants to tap into. But instead of just providing the actual battery, the manufacturer is developing software suites to better manage resources, increase efficiency and save money. Noenen, the French company with which Tesla works, is committed to managing the park, and in particular the “Tesla Big Battery”, a location in South Australia that in 2020 became the largest battery in the world.

This week, as mentioned Electrek, the two companies presented a new program called “Tesla Virtual Machine Mode”. For his part, he is addressing one of the last areas of renewable energy storage: the problem of the lack of mechanical conditions in infrastructure such as wind turbines and solar panels. The Machine Network has succeeded in reproducing this scenario, which nuclear, oil and hydropower plants use in the event of a technical problem, to continue supplying power and stabilize the network.

The Tesla emulator will soon be available in the version of the storage solution Neonen, something to do well for the reputation of the company listed on the stock market (Euronext Paris) and valued at 4 billion euros. In five days, its title has already gained 8.3% . In total, Neonen manages a capacity of 5.4 GW and the aim will be to double the stock within three years. The company’s sales reached 336 million euros in 2021, up 12% year-on-year.

“This historic achievement is the result of two years of extensive testing and extensive collaboration between Neoen and battery technology provider Tesla, working closely with AEMO and ElectraNet, South Australia’s grid operator. Together, they conducted studies , measurements and analysis necessary to take this pioneering technology to scale for the first time”said the French company Neonen.

“As more wind and solar power replaces fossil generation, less mechanical power is available on the grid, removing the buffer of natural stability in the event of a grid disruption”says Tesla.

The request is late

As indicated PV magazine, all that’s left is to find new customers for Neonen. A mission that remains difficult when technological advances that have greatly improved renewable energy supply solutions do not find the desired enthusiasm among customers.

“The problem is that there are no markets yet to pay for this complete solution”commented journalist Bella Peacock of PV magazine. These services would be slowed down by their value which “it doesn’t look like there are strong sources of income that can drive investment”he added, although public investment is beginning to be less closed on the issue.