Independent global renewable energy power producer and developer Akuo has joined forces with Spyropoulos SA, a technical-commercial company with a leading position in the Greek market, to launch GEARS SA, Green Energy Aggregator Services, a new aggregator in Greece. GEARS SA is currently providing a turnkey market representation solution for Greek RES producers. With detailed production forecasts and accesses on both spot and derivatives market. GEARS benefits from the strong expertise on market activities developed within Akuo and takes advantage of the latest developments in real-time data analytics and new algorithms to bring value to Greek RES producers. In addition, GEARS offers them monitoring, operation and maintenance services aiming to optimize assets performance.GEARS signed its first contracts and represent to the Hellenic Energy Exchange more than 55MW of various solar power plants located across Greece. Other assets are planned to integrate GEARS' Market Representation perimeter in the course of the first quarter of 2022.The participation of renewables in the energy markets through aggregators is more important than ever, since their penetration increases drastically as a result of the European Green Deal, and they are considered as the long-term "cure" for high energy costs and threat to energy security currently manifesting across the EU.
Independent global renewable energy power producer and developer Akuo has joined forces with Spyropoulos SA, a technical-commercial company with a leading position in the Greek market, to launch GEARS SA, Green Energy Aggregator Services, a new aggregator in Greece. GEARS SA is currently providing a turnkey market representation solution for Greek RES producers. With detailed production forecasts and accesses on both spot and derivatives market. GEARS benefits from the strong expertise on market activities developed within Akuo and takes advantage of the latest developments in real-time data analytics and new algorithms to bring value to Greek RES producers. In addition, GEARS offers them monitoring, operation and maintenance services aiming to optimize assets performance.GEARS signed its first contracts and represent to the Hellenic Energy Exchange more than 55MW of various solar power plants located across Greece. Other assets are planned to integrate GEARS' Market Representation perimeter in the course of the first quarter of 2022.The participation of renewables in the energy markets through aggregators is more important than ever, since their penetration increases drastically as a result of the European Green Deal, and they are considered as the long-term "cure" for high energy costs and threat to energy security currently manifesting across the EU.
