Spiffbet
Byhmgard is a publicly listed, vertically integrated BESS project developer offering ready-to-build battery storage projects with pre-negotiated land leases and grid connections to energy investors and European utilities across Sweden, Finland, Italy, Poland, and the Baltic States.
- Company typePublic
- Founded2011
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Spiffbet does
Byhmgard is a publicly listed (Swedish stock exchange, ticker BESS) vertically integrated Battery Energy Storage System (BESS) project developer operating across high-growth European markets — specifically Sweden, Finland, Italy, Poland, and the Baltic States. The company develops a ready-to-build pipeline of BESS projects with pre-negotiated land leases and established grid connections, with individual project sizes ranging from 4MW to 250MW and a reported 270 active sites in development or operation. Its customer base is split between two primary segments: institutional energy investors and project partners seeking exposure to European battery storage markets, and European grid operators and utilities requiring storage for grid stabilization and renewable integration.
The company's business model centers on one-time project sales of ready-to-build BESS assets rather than recurring software or service revenue. Go-to-market is direct enterprise field sales, supported by an investor relations function (press releases, board disclosures, AGM materials) and policy-facing engagement including participation in the Almedalen forum and direct discussions with the Latvian Ministry of Economics. The company positions itself on vendor neutrality (independence in hardware/software selection per site) and offers 24/7 in-house system monitoring support. Pricing is project-based and not publicly disclosed, varying by site size, geography, and specifications. Public listing on the Swedish stock exchange provides governance transparency but no revenue, headcount, or financial-report detail is available in the source data, leaving the company's monetization scale and economics unverified despite the substantial pipeline footprint.
Spiffbet firmographics
Firmographics- Name
- Spiffbet
- Legal name
- Byhmgard
- Website
- https://spiffbet.se
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Byhmgard is a publicly listed, vertically integrated BESS project developer offering ready-to-build battery storage projects with pre-negotiated land leases and grid connections to energy investors and European utilities across Sweden, Finland, Italy, Poland, and the Baltic States.
- Ownership category
- akta.pro rank
Spiffbet industry classification
Industry- Product category
- Energy Storage Infrastructure
- NAICS
- Electric Power Generation (22111)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industry
- Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE)
Keywords
Where Spiffbet is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Markets served
Spiffbet business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Infrastructure, Personnel
Revenue model
- BESS Project Development and Deployment: Byhmgard develops and deploys battery energy storage projects, offering ready-to-build pipeline with pre-negotiated land leases and established grid connections for investors and partners seeking market entry in European BESS markets.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Spiffbet product offering
Product offeringCore offering
Spiffbet is a vertically integrated BESS (Battery Energy Storage System) project developer that offers a portfolio of ready-to-build battery storage projects across high-growth European markets. Each project comes with pre-negotiated land leases and established grid connections to enable swift market entry, with project sizes ranging from 4MW to 250MW across more than 270 active sites.
Product overview
Byhmgard is a vertically integrated BESS (Battery Energy Storage System) project developer offering a portfolio of battery storage projects across high-growth European markets including Sweden, Finland, Italy, Poland, and the Baltic States. The company provides access to high-growth markets through its ready-to-build project pipeline featuring pre-negotiated land leases and established grid connections for swift market entry, with project sizes ranging from 4MW to 250MW.
Differentiator
Problem solved
Functional benefit
Products and services
- Battery Energy Storage System (BESS) Projects
Quantifiable outcome
- EU renewable energy target of 42.5% by 2030 driving need for 500GWh-780GWh of battery storage
- +1 more outcomes
Companies that use Spiffbet
Customer profileSegments2 records
Ideal customer profiles2 records
Spiffbet technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Spiffbet partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- Christina HillforthminorChristina Hillforth joined Byhmgard's Board of Directors, bringing governance expertise to the publicly listed company.
- Latvian Ministry of EconomicscoreByhmgard discusses Baltic investment plans with Latvian Ministry of Economics, indicating strategic government partnership for BESS project development in Latvia and the broader Baltic region.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Spiffbet competitors and assessment
Company assessmentDirect peers
- Fluence Energy: Fluence is a publicly listed global BESS integrator and project developer offering turnkey storage solutions and energy storage services. It is the closest direct competitor to Byhmgard in vertically integrated BESS project development across Europe and other markets.
- Wärtsilä Energy Storage: Wärtsilä's Energy Storage business designs, integrates, and delivers grid-scale BESS projects in Europe and globally. It directly competes with Byhmgard in utility-scale battery storage with strong Nordic and European market overlap.
- Nidec ASI: Nidec ASI is a European-based BESS system integrator and project developer supplying utility-scale battery storage and PCS technology. It competes head-to-head with Byhmgard for European BESS projects, particularly in Italy and broader EMEA.
Broad incumbents
- Saft (TotalEnergies): Saft, a TotalEnergies subsidiary, manufactures battery systems and participates in European grid-scale storage projects. Its energy storage solutions overlap directly with Byhmgard's hardware and project development activities.
- Siemens Energy: Siemens Energy provides grid-scale energy storage, power conversion, and grid integration solutions across Europe. Its BESS portfolio overlaps with Byhmgard's addressable market, particularly for grid stabilization and renewable integration projects.
- GE Vernova: GE Vernova combines power generation, grid solutions, and increasingly BESS offerings as part of its broader portfolio. It is an incumbent participant in European utility-scale storage projects competing for the same customers as Byhmgard.
- Rolls-Royce Power Systems (mtu): Rolls-Royce's mtu brand delivers large-scale energy storage and microgrid solutions across Europe. As an established industrial OEM entering the BESS space, it competes with Byhmgard for utility-scale storage customers in the same geographies.
- Tesla Energy: Tesla's Megapack business supplies large-scale BESS products and supports project development globally. While broader than Byhmgard, Tesla competes for the same European utility-scale BESS opportunities and investor capital.
Emerging players
- Alfen: Alfen is a Dutch energy solutions company offering smart grids, energy storage, and EV charging. Its European BESS business directly overlaps with Byhmgard's utility-scale storage focus, especially in Northern Europe.
- Energy Vault: Energy Vault develops long-duration and utility-scale energy storage technologies and projects. It is an emerging competitor in the European BESS/LDES development market, targeting the same investor and utility customer base as Byhmgard.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Spiffbet social profiles
Digital presenceSpiffbet financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spiffbet leadership team
Management profileNumber of profiles
Profiles2 records
Spiffbet funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spiffbet M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spiffbet
What does Spiffbet do?
Spiffbet is a vertically integrated BESS (Battery Energy Storage System) project developer that offers a portfolio of ready-to-build battery storage projects across high-growth European markets. Each project comes with pre-negotiated land leases and established grid connections to enable swift market entry, with project sizes ranging from 4MW to 250MW across more than 270 active sites.
Is Spiffbet a public or private company?
Spiffbet is a public company. It is classified as public and is currently operating.
When was Spiffbet founded?
Spiffbet was founded in 2011. It employs 11 to 50 people.
Where is Spiffbet based?
Spiffbet is headquartered in Stockholm, Sweden, in the Europe region.
How does Spiffbet make money?
One revenue line is on record: BESS Project Development and Deployment.
Who are Spiffbet's main competitors?
Direct peers on record are Fluence Energy, Wärtsilä Energy Storage and Nidec ASI. Broad incumbents are Saft (TotalEnergies), Siemens Energy, GE Vernova, Rolls-Royce Power Systems (mtu) and Tesla Energy. Emerging players are Alfen and Energy Vault.
Does Spiffbet have an API?
No public API is recorded for Spiffbet.
What industry is Spiffbet in?
Spiffbet's product category is Energy Storage Infrastructure. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of IMAFAHAE, Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls). Its NAICS code is 22111.