PLEA Network

11 November 2016, Energy Post, Lumenaza creates regional electricity markets: “We want to connect up all 1.4 million solar PV producers in Germany with consumers locally”. A new software platform in Germany lets utilities buy and sell “regional electricity” by connecting up small producers with consumers. Start-up Lumenaza, founded three years ago, meets a growing demand for transparency, explains CEO and founder Christian Chudoba in an exclusive interview with Energy Post. Unlike a typical virtual power plant, Lumenaza targets tiny producers such as owners of rooftop solar. Its goal is to connect up all of Germany’s 1.4 million small power producers. Lumenaza was inspired by a family party in southern Germany. Christian Chudoba, today the company CEO, realised that everyone around him was generating electricity, but there was no way of buying this local produce. In response, he founded co-Lumenaza with his Siemens colleague Bernhard Böhmer in February 2013. Three years later, the company offers utilities a software platform that directly connects up small, local producers with consumers in the same region. Eight projects are up and running and another 3-4 expected by the end of the year. Chudoba comes from the world of software telecommunications at Siemens. He had the business idea; Böhmer, today Chief Technology Officer, supplied the software expertise. Oliver March, now CFO, jointed one year later bringing in the financial expertise. The two have created a product that they believe can help improve the acceptance for building more renewables in Germany. Just as consumers like to buy local, producers “like the idea of knowing where the electricity they produce is going”, says Chudoba. We call it a marketplace or “utility-in-a-box” software. The platform buys the electricity from local [renewables] producers and sells it to consumers. Read More here