BRIEF

on AlzChem Group AG (isin : DE000A0AHT46)

Alzchem Group AG Enhances Grid Stability with Flexible Load Management

On October 24, 2024, Alzchem Group AG announced its vital role in supporting power grid stability with two carbide furnaces at its Hart site. By utilizing the "system service product in real time from switchable loads" (SEAL), Alzchem markets the electrical output of these furnaces. This initiative not only stabilizes the grid but also helps optimize the company's energy production costs.

SEAL's services are essential for the power grid's stability and reliability, engaging industrial electricity consumers like Alzchem. Since its launch in May 2024, SEAL has replaced previous regulations, although only a limited number of companies meet its stringent criteria. Alzchem’s participation positions its furnaces as key contributors to grid stability.

Klaus Englmaier, COO of Alzchem Group AG, expressed pride in being the first to participate in SEAL, emphasizing the milestone's ecological and economic value.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all AlzChem Group AG news