The establishment of a subsidiary in Greece under the name i4 Energy was announced by MAS SA. active in the design and development of power and energy management systems.
More specifically, “i4Energy” will undertake the commercial exploitation of the innovative software “ACROSS Digital Energy Ecosystem” of MAS SA, a pioneering digital ecosystem specially developed for the energy sector, which offers vertical solutions to meet its requirements for the fourth industrial revolution. The goal of the new company is to provide integrated solutions, both in hardware and software that holistically cover the business management of electricity producers and consumers. “I4 Energy” is staffed with specialized personnel in order to be able to offer a full range of solutions in early 2022 in:
1. Generation Management / VPPs for the automatic management of portfolios of complex technologies and geographical distribution.
2. Energy & Market Management for integrated energy planning with forecasting, costing and energy clearance tools according to the target model.
3. Prosumer Management where it will integrate unified algorithms for building load management, electric vehicle charging and V2G for the application of Demand-Response in the balancing market.
The parent company MAS aims at the further development of the digital ecosystem “ACROSS”, increasing the company’s investment in research and development of new services. “ACROSS” combines cutting-edge technologies in an innovative backend that provides native power & energy management logic, Smart grid Integration and IoT compatibility. The technology of “ACROSS” provides real-time data collection and processing, with powerful algorithms, the use of artificial intelligence, as well as integrated logic management of energy facilities, providing best industry practices for business adaptation to modern market needs.
Latest News
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.