Key Findings
Truman Data has released its Energy Coop VPP platform to its first customers in Finland. Unlike traditional battery-as-a-service models that often require five- to 10-year fixed-price contracts, Truman Data employs a revenue-sharing model. The company does not own or sell battery hardware; instead, it earns a percentage of the revenue generated by the customer and assists in arranging financing for battery systems.
Technical Details
The Energy Coop platform utilizes AI to predict the flexibility available from each building and battery within a portfolio. The system manages loads for heating, ventilation, EV charging, and batteries based on customer-defined limits. This flexibility is then packaged into trades linked to Nord Pool day-ahead and intraday market prices. Truman Data provides property owners with calculations regarding potential savings and earnings before they select a battery supplier.
Performance Data
Data from a municipal pilot involving 70 buildings showed the following results:
- Annual electricity costs were reduced by 11.4% through optimization.
- Flexibility trading was modeled to generate additional revenue equal to 4.2% of the annual bill.
- Truman Data projects that integrating three to seven small and mid-size battery systems per building could increase total benefits to over 25%.
Market Context
The launch occurs amid significant energy infrastructure growth in Finland. According to the transmission system operator Fingrid, signed grid connection agreements for data center projects total just under 5 GW, while electric boiler projects exceed 3 GW. If completed, these could increase Finland’s electricity consumption by nearly 40% from 2025 levels over at least five years. Additionally, connection agreements have been signed for more than 4 GW of storage. As of mid-2025, Finland had approximately 250 MW of operational battery storage, with another 300 MW expected within two years, including a 125 MW/300 MWh project by Covenergo and Delta Capacity.
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