Every now and then you come across news that makes you rub your eyes a few times. Today, April 2, 2025, we are able to publish news from our partners. Below is a translation of the official news:
Emaldo acquires CheckWatt, which will become the largest renewable energy aggregator in the Nordics.
Emaldo® and CheckWatt AB have signed an agreement to join forces, combining Emaldo’s pioneering energy management solutions with CheckWatt’s expertise in virtual power plants and grid balancing, creating the largest renewable energy aggregate in the Nordics. This strategic merger will enhance the capabilities of customers, partners and stakeholders by accelerating Europe’s energy transition, enabling better integration of renewable resources, reducing energy costs and expanding passive income opportunities through advanced grid balancing solutions.
“The green transition depends on innovation, collaboration, and trust. By keeping CheckWatt AB as an independent service, we ensure that our partners continue to benefit from its expertise and technology, driving the energy sector forward. At the same time, as owners, Emaldo will further Invest in and develop the CheckWatt business to Accelerate its growth and expand into new markets and services. Our commitment is not just to growth but to a sustainable future, where strong partnerships and open ecosystems help Accelerate the transition to renewable energy.”
– Steffen Bjerregaard, CEO of Emaldo.
For over a decade, CheckWatt has combined various energy sources, such as customers’ batteries, electric vehicle chargers and renewable energy into a virtual power plant, enabling grid balancing and the ability to supply electricity during peak demand. This improves grid stability, enables increased use of variable renewable energy and reduces the need for expensive and slow grid expansions. CheckWatt serves around 15,000 households and businesses in the Nordic countries and is actively expanding its operations to the rest of Europe.
“We are still only at the beginning of where renewable energy generation, transport and industry electrification, along with battery storage, will take us. CheckWatt will have to continue to reinvent and innovate in order to push ahead, and now, together with Emaldo, we have secured the resources to do so”
– Dan-Eric Archer, CEO of CheckWatt AB.
The acquisition is subject to approval by the Swedish Foreign Direct Investment (FDI) Authority, which may extend the implementation period by up to six months. Throughout this process, Emaldo and CheckWatt will operate within the existing partnership framework, ensuring uninterrupted customer service and the continued delivery of high-quality, innovative solutions. Each company remains fully dedicated to serving its respective partners, customers and stakeholders, ensuring that all cooperation and services continue uninterrupted and as normal. Both companies remain committed to partnering with a number of battery manufacturers, energy suppliers and installation partners.
The integration of Emaldo and CheckWatt offers immediate and significant benefits for customers and partners, including:
- Accelerates the availability of grid balancing across Europe, accelerates the green transition and creates passive income for customers.
- Enables the development of new services that support the electricity system and create customer benefits.
- Expands the availability of our connected, innovative green energy management solutions.
“This acquisition is a perfect match for Emaldo’s vision of Accelerating the green transition, “ – Steffen Bjerregaard, CEO of Emaldo.
About Emaldo®:
Emaldo specializes in advanced energy management solutions that enable homes and businesses to use energy more efficiently and sustainably. Emaldo has a clear mission to accelerate the global transition to renewable energy, and is constantly driving innovation to empower consumers and reduce carbon footprints.
About CheckWatt AB:
CheckWatt AB is Sweden’s leading independent aggregator, providing advanced metering, control and analytics solutions in the Nordic region. Committed to promoting renewable energy, CheckWatt plays a key role in improving grid stability and efficiency, and integrating renewable energy.
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