Fusebox, a leading provider of flexible energy solutions in the Baltics, is the first company to announce the launch of its demand response service in Lithuania. This service is aimed at helping businesses shift their energy consumption away from peak demand periods while also improving grid reliability and reducing CO2 emissions.

Fusebox provides customized demand response software that enables businesses to reduce their energy usage during high-demand periods, thereby promoting grid stability and mitigating the need for costly fossil fuel peaker plants. By participating in the demand response program, businesses can not only reduce their carbon footprint but also earn revenue from the energy market. Moreover, the program benefits all market participants by lowering electricity peak prices for all consumers in Lithuania.

“Entering the Lithuanian market is an exciting opportunity for Fusebox,” said Tarvo Õng, the CEO and founder of Fusebox. “We are committed to helping businesses in Lithuania reduce their energy costs while supporting the country’s efforts to transition to a cleaner, more sustainable energy system. Demand response is definitely the simplest and most economical approach for companies seeking to reduce their energy expenses and carbon footprint, requiring minimal initial investment while also providing payment for participation.“

Unlike traditional energy efficiency programs, Fusebox’s demand response software does not aim to diminish energy consumption. Instead, it automatically redistributes energy usage to periods of lower demand, resulting in average savings of up to 20% on monthly energy costs and an annual reduction in CO2 emissions of approximately 40 tons. Demand response is particularly suitable for electrical equipment such as pumps, cold compressors, industrial machinery, and HVAC systems that possess significant inertia, allowing them to be powered down or have their output reduced briefly without affecting their overall performance.

When asked about the company’s goals in Lithuania then Fusebox’s Strategic Partnership Manager Edvardas Norkeliūnas had this to say: “Fusebox has almost a decade of experience in the demand response field and is today the biggest flexibility provider in the Baltics. We can now leverage this expertise and innovation to drive growth and establish a strong foothold in the market.”

The demand response service will leverage the company’s advanced technology and proprietary software to provide Lithuanian customers with real-time information about their energy usage, enabling them to make more informed decisions about their energy consumption. This technology will enable customers to better manage their energy usage and save money on their energy bills.

About Fusebox:

Fusebox was established in 2014 and is currently the leading provider of electricity demand response services in the Baltic region. The company aids its clients in minimizing their electricity bills by optimizing their energy consumption, while also enabling them to earn supplementary income from the balancing market. Fusebox’s software is available for free, and the company even compensates its customers for its use.

 

Contacts:

Marketing and PR Manager
Jaan Tiiman
jaan@fusebox.energy
+372 525 6849

 

Strategic Partnership Manager in Lithuania
Edvardas Norkeliūnas
edvardas@fusebox.energy
+370 6860 6267