Photon Energy Becomes First Energy Aggregator Listed by Energy Regulatory Office in Poland

Issuer: Photon Energy NV / Key word(s): Expansion Photon Energy Becomes First Energy Aggregator Listed by Energy Regulatory Office in Poland 12.09.2024 / 09:26 CET/CEST The issuer is solely responsible for the content of this announcement. Photon Energy Becomes First Energy Aggregator Listed by Energy Regulatory Office in Poland

 

• Photon Energy is the first company to be officially listed as an energy aggregator by the Polish Energy Regulatory Office (pl. Urząd Regulacji Energetyki / URE).
• Starting 1 December 2024, Photon Energy intends to provide aggregation of electricity, system services and flexibility services across all major Polish power grid operators.
• All services previously offered by Lerta will be integrated into the Photon Energy brand, marking a significant step in Photon Energy’s transformation into a leading energy aggregator.

 

Amsterdam/Warsaw/Prague – 12 September 2024 – Photon Energy N.V. (WSE: PEN, “Photon Energy Group”, the “Group” or the “Company”) is proud to announce that it has achieved a significant milestone, with its Polish subsidiary Photon Energy Trading PL becoming the first company to be officially listed as an energy aggregator by the Energy Regulatory Office (pl. Urząd Regulacji Energetyki / URE) in Poland on 9 September 2024. Building on the Company’s experience and market position as the third largest aggregator of Demand Side Response services in the Polish capacity market, As the only energy aggregator currently on the Polish market, Photon Energy is able to offer energy generators, consumers and “prosumers” the monetisation of their energy flexibility across all system services.

 

“We are thrilled to mark this pivotal moment in our journey by becoming the first aggregator listed by URE,” said Georg Hotar, CEO of Photon Energy Group. “We are now in pole position in the nascent Polish system and flexibility services market and intend to leverage our DSR aggregation experience across the entire spectrum of possibilities open to energy generators, energy storage systems and energy consumers in providing flexibility to the Polish power grid.”