What Equigy does

Equigy B.V. is a non-profit joint venture incorporated in the Netherlands in April 2020 and owned by six of Europe's largest Transmission System Operators: TenneT (Netherlands and Germany), Terna (Italy), Swissgrid (Switzerland), Austrian Power Grid (APG), and TransnetBW (Germany). The company operates the Crowd Balancing Platform (CBP), a digital infrastructure that provides flexibility service providers and distributed energy resource (DER) aggregators with a single, standardized interface to access TSO balancing markets — including aFRR (automatic Frequency Restoration Reserve), mFRR (manual Frequency Restoration Reserve), FCR (Frequency Containment Reserve), and redispatch services — across multiple European countries. Equigy's "One Common Front Door" strategy is designed to eliminate the need for aggregators to build and maintain separate, country-specific integrations with each TSO; in 2024, CBP-connected parties accounted for approximately 20% of activated balancing energy in the Dutch aFRR market.

The underlying technology stack combines an event-driven architecture hosted on AWS (a migration completed in 2024 from an earlier blockchain-based foundation) with a Canonical Data Model (CDM) built on IEC-62325 and ENTSOE ESMP standards that governs market document exchanges across organization, resource registration, pre-qualification, bidding, planning, activation, measurement, and settlement processes. Capgemini serves as the platform's development service provider. The company currently operates in five countries (Netherlands, Germany, Austria, Switzerland, Italy) with a stated roadmap to connect all shareholder TSO markets by 2026 and to expand to 15-20 TSO and DSO markets over time.

Equigy's business model is that of a non-profit TSO subsidiary: it does not operate as a commercial product company with conventional pricing, but rather is funded by its TSO shareholders to provide harmonized market access infrastructure. Direct customers and platform users are TSOs, DSOs, aggregators (e.g., Recoy, Vandebron, DNO, Engie, Alpiq, be.storaged), EV and storage ecosystem players (NIO, BMW Group, Nissan, Sonnen, Allego, ABB/Enervalis), and IoT managers. Evidence of customer traction includes pilot projects such as the SCALE Horizon 2020 initiative, which demonstrated 115 simultaneous EV activations responding to a mock aFRR signal, and aggregators such as Recoy and NIO's Power Grid Service having prequalified for aFRR through the Equigy platform.

Name

Equigy

Legal name

Equigy B.V.

Website

https://equigy.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Equigy is a non-profit joint venture of six European TSOs (TenneT, Terna, Swissgrid, APG, TransnetBW) operating the Crowd Balancing Platform, which gives DER aggregators a single standardized interface to access TSO balancing and redispatch markets across Europe.

Ownership category

akta.pro rank

Headquarters

HQ city

Arnhem

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Platform Services to TSOs: Equigy is described as a non-profit TSO subsidiary. The company provides harmonized access to TSO markets across Europe. Revenue generation model appears to be funded by TSO shareholders as a non-profit initiative to enable flexibility market participation.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Equigy provides the Crowd Balancing Platform (CBP), a single standardized interface that enables flexibility service providers and DER aggregators to access multiple European TSO balancing markets (aFRR, mFRR, FCR, redispatch) through one connection point. The platform is supported by the Canonical Data Model, a standardized data framework based on IEC-62325 and ENTSOe ESMP standards that ensures consistent data exchange across markets. Equigy operates as a non-profit joint venture owned by six European TSOs.

Product overview

Equigy offers a unified platform architecture centered on the Crowd Balancing Platform (CBP), which serves as a single interface connecting flexibility service providers and DER aggregators to multiple European TSO balancing markets. The platform supports aFRR (automatic Frequency Restoration Reserve), mFRR (manual Frequency Restoration Reserve), FCR (Frequency Containment Reserve), and redispatch services across shareholder countries including TenneT NL, TenneT DE, Terna (Italy), Swissgrid (Switzerland), APG (Austria), and TransnetBW (Germany). Supporting the CBP is the Canonical Data Model, a standards-based framework (built on IEC-62325 and ENTSOe ESMP) that normalizes data exchanges across markets, enabling the 'One Common Front Door' strategy where aggregators connect once to access multiple TSO markets.

Differentiator

Problem solved

Functional benefit

Brands

• Crowd Balancing Platform (CBP): A platform providing harmonized access to TSO markets across Europe, enabling flexibility service providers to participate in balancing and redispatch markets.
• Equigy Canonical Data Model

Products and services

• Crowd Balancing Platform (CBP) A platform providing harmonized access to TSO markets across Europe, enabling flexibility service providers and DER aggregators to maximize revenue through easy participation in balancing and redispatch markets (aFRR, mFRR, FCR) via a single standardized interface. Currently operational in Netherlands, Germany, Austria, Switzerland, and Italy.
• Equigy Canonical Data Model (CDM) A standardized data model based on IEC-62325 and ENTSOe ESMP standards that enables consistent data exchange across multiple TSO markets, allowing aggregators to connect once and access all connected flexibility markets through the One Common Front Door. Covers Organization, Resource Registration, Pre-Qualification, Bidding, Planning, Activation, Measurements, and Settlement domains.

Quantifiable outcome

• 20% of Dutch aFRR market activated balancing energy from CBP market parties
• +2 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered core, major and minor.

• TransnetBWcoreStrategic or Co-development Partner · 1 January 2025TransnetBW joined as a TSO shareholder of Equigy, operational in Germany. CBP has been made ready for redispatch 2.0 for German TSOs.
• CapgeminimajorImplementation/ SI/ Consulting Partner · 1 January 2024Capgemini has taken the role of service provider for the Crowd Balancing Platform. They are partnered with Equigy for further development of the CBP.
• AWS (Amazon Web Services)majorTechnology or Integration · 1 January 2024AWS handles cloud hosting for the Crowd Balancing Platform. The platform hosting is moving to AWS as part of infrastructure modernization.
• TenneT (NL & DE)coreStrategic or Co-development Partner · 23 April 2020TenneT is a founding TSO shareholder of Equigy, operating in both Netherlands and Germany. TenneT uses the Crowd Balancing Platform for aFRR market participation and redispatch services. Market parties on CBP now have significant share in supporting TenneT Netherlands grid balancing.
• SwissgridcoreStrategic or Co-development Partner · 23 April 2020Swissgrid is a founding TSO shareholder of Equigy. Swissgrid operates the common FCR market for continental Europe and has been developing CBP for FCR pilot projects and primary control energy integration.
• TernacoreStrategic or Co-development Partner · 23 April 2020Terna is a founding TSO shareholder of Equigy, operating in Italy. Terna has partnered with FCA (now Stellantis) for V2G projects and e-mobility lab development as part of TSO 2.0 operating model.
• APG (Austrian Power Grid)coreStrategic or Co-development Partner · 1 January 2020APG is an Austrian TSO shareholder of Equigy. In 2024, CBP went live towards APG for aFRR and redispatch services. Harald Köhler, Head of System Management at APG, serves on Equigy supervisory board.
• We Drive SolarminorStrategic or Co-development Partner · 1 January 2020Partner in SCALE project (Horizon2020) to turn EV fleets into grid assets. SCALE tested 115 vehicles responding to mock aFRR activation.
• MyWheelsminorStrategic or Co-development Partner · 1 January 2020Partner in SCALE project for EV fleet grid integration research.
• Last Mile SolutionsminorStrategic or Co-development Partner · 1 January 2020Partner in SCALE project for EV fleet grid integration.
• AlpiqminorChannel Partner/ Reseller/ Distributor · 1 January 2020Swiss energy services provider acting as commercial aggregator in CBP pilot project, providing primary control energy from 1.2 MW battery.
• BMW GroupminorStrategic or Co-development Partner · 1 January 2020Leading Bidirectional Charging Management (BCM/BDL) consortium with TenneT for EV grid integration. 10+ years of grid integration initiatives.
• Sonnen (Shell New Energies)minorChannel Partner/ Reseller/ Distributor · 1 January 2020Home energy storage company partnered on pilot testing virtual power plant for redispatch using sonnen batteries.
• Scholt EnergyminorChannel Partner/ Reseller/ Distributor · 1 January 2020Pilot project testing data communication for flexible generating capacity exchange via CBP.
• VandebronminorChannel Partner/ Reseller/ Distributor · 1 January 2020Dutch green energy company enabling EV owners to participate in grid balancing via blockchain technology.

Scale indicators5 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Piclo: UK-based flexibility matching platform that connects DERs to multiple markets via a single marketplace. Comparable to Equigy's ONE COMMON FRONT DOOR concept as a marketplace for flexibility services, though focused on UK DSOs and ESO.
• GridBeyond: Ireland-headquartered flexibility and VPP platform operating across European balancing markets. Direct competitor to Equigy's CBP for DER aggregation into aFRR and other TSO balancing products.
• Next Kraftwerke: A leading European virtual power plant operator and flexibility aggregator active across multiple European balancing markets, including aFRR and mFRR. Direct competitor to Equigy's CBP as a commercial alternative for DER participation in TSO markets.

Emerging players

• EnergyTag: Industry initiative developing standards and certification for renewable and flexibility assets. Comparable to Equigy's Canonical Data Model work in defining how flexibility is identified and exchanged across markets.
• Tilia Energy: UK flexibility marketplace connecting flexibility providers with system operators. Overlaps with Equigy's value proposition of simplifying aggregator access to system operator markets.

Others

• Nord Pool: European power market operator and Equigy partner. Comparable as energy market infrastructure but operating a different layer — day-ahead and intraday wholesale markets rather than TSO balancing via DER aggregation.

Broad incumbents

• Hitachi Energy: Major grid technology vendor offering market management systems used by TSOs. Comparable as an incumbent provider of energy market infrastructure, though at a wider portfolio level than Equigy's focused balancing-market platform.
• Siemens Energy: Global energy technology incumbent offering grid management software and TSO/DSO solutions. Provides overlapping capabilities with Equigy's CBP at the broader energy management and grid services layer.
• Limejump (Shell): Shell-owned UK flexibility platform providing aggregator access to balancing and capacity markets. Operates as a commercial peer in adjacent UK/European flexibility markets with deeper commercialization than Equigy's non-profit model.
• EnerNOC (Enel X Way / Enel): Demand response and energy management platform now part of Enel group, with European operations in flexibility and balancing markets. Adjacent incumbent with comparable DER-to-TSO services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/equigy

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Equigy