Elli, the charging and energy brand of Volkswagen Group, has announced the launch of its new Energy Trading as a Service offering. This service allows external customers to benefit from Elli’s expertise in renewable electricity procurement and energy trading.
Since January, Elli has been managing electricity procurement for a major industrial client, sourcing power from renewable sources to meet production needs. The company leverages its access to the EPEX SPOT market to balance fluctuations in wind and solar power production through targeted buying and selling. Elli obtained its trading license on Europe’s largest electricity exchange in 2023 and has since completed an extensive test phase.
Giovanni Palazzo, CEO of Elli, stated: "With the step from proprietary trading to energy services, Elli and the Volkswagen Group are opening up new business areas in a rapidly growing market environment. We will show how flexible and market-oriented electricity procurement works for energy-intensive companies and how we can support them in optimizing their energy use, for example through structured portfolio management, demand-side management, or the marketing of large-scale storage systems."
Elli’s spot market trading aims to give manufacturing firms more flexibility as they seek renewable power at competitive prices. This approach supports sustainability goals while offering chances for future cost savings and load optimization. As businesses look for strong partners with reliable credit ratings to manage price risks and energy needs, Elli sees itself as well-positioned within Volkswagen Group.
The company has expanded its presence since joining EPEX SPOT in July 2023. During several months of pilot operations, Elli successfully traded electricity using its smart energy platform that automates integration of flexible assets like battery storage into the market. Following these tests, Elli grew its trading team and now operates around-the-clock in short-term markets.
Tobias Canz, CFO of Elli, commented: "With the creation of the organizational structures, the personnel expansion of the Elli Trading Team, and the new rollout of retail-related products for partners, a new phase is starting for us. Live operations have shown that our systems and processes work in the energy market: they are secure, stable, and scalable."
Elli plans to showcase further innovations at IAA Mobility 2025 at the Volkswagen Group stand in Hall B1. On September 10th during Volkswagen Group Tech Day, additional developments will be presented publicly.
Further information about Elli is available at www.volkswagen-group.com and www.elli.eco.