Swedish Scaleup Flower Triumphs in TECH5 Tech Championship
▼ Summary
– Flower won TECH5, Europe’s top tech competition, for its innovative energy storage and grid stabilization solutions.
– The company uses software to optimize battery storage systems (e.g., EV fleets, solar parks) and improve grid flexibility.
– Flower’s approach balances energy supply, integrates renewables, reduces fossil fuel reliance, and creates revenue for asset owners.
– It beat four other finalists (DataSnipper, Swan, Gain.pro, Turing College) based on growth, impact, and future potential.
– Flower plans to expand into six European markets and collaborate with the energy ecosystem to advance green electricity solutions.
Swedish energy innovator Flower has secured the prestigious TECH5 championship, cementing its status as Europe’s most promising scaleup. The company’s groundbreaking approach to energy storage and grid stabilization outshone competitors across the continent, showcasing how technology can transform renewable energy management.
Flower’s platform connects diverse energy assets, from electric vehicle fleets and home battery systems to solar parks and data centers, creating a dynamic network that feeds power back into the grid during peak demand. By leveraging advanced software, the Stockholm-based firm optimizes energy storage strategies, enhancing efficiency for both providers and consumers.
The benefits are far-reaching: a more stable energy supply, seamless integration of renewables, decreased dependence on fossil fuels, and stronger grid resilience. Asset owners also gain new revenue opportunities by participating in this intelligent energy ecosystem.
Hampus Jildenbäck, Flower’s marketing director, explains the urgency behind their mission: “Renewable energy brings volatility, battery storage is the solution. If we want a fossil-free future, solving this challenge is non-negotiable.”
From Contender to Champion
Flower rose to the top after competing against elite TECH5 finalists from seven European regions, including DataSnipper (Netherlands), Swan (France), and Turing College (Lithuania). Judges evaluated companies based on growth trajectory, industry impact, and future potential, criteria where Flower excelled.
But the company’s ambitions stretch beyond grid optimization. “We’re building an ecosystem,” Jildenbäck emphasizes. “By purchasing energy from wind and solar farms and managing fluctuations through storage, we deliver affordable, reliable green electricity, the ultimate goal for sustainable energy.”
A Milestone for Clean Energy
The TECH5 win was announced at TNW Conference in Amsterdam, joining Flower with past winners like Revolut and Too Good To Go. For Jildenbäck, the recognition fuels their mission: “This validates our work and motivates us to push further.”
With plans to expand into six European markets, Flower aims to collaborate across the energy and tech sectors, shaping tomorrow’s power systems. Their victory not only highlights Sweden’s leadership in green tech but signals a brighter, more sustainable energy future for Europe.
(Source: The Next Web)
