BaaS gives small and medium-sized companies the opportunity to be part of the transition.
In my latest update, I wrote about the significant investments and financial incentives that will be required for Sweden to achieve the goal of net zero emissions by 2045. In order for us to reach this goal, everyone needs to contribute and adapt. This applies to us as consumers, as well as companies and their owners. Companies account for a large portion of fossil fuel usage, and they are the ones who need to lead the way in transitioning to cleaner energy sources. Given the magnitude of the investments required, it is primarily the large companies with long-term sustainability-oriented owners who have the opportunity to be proactive and take advantage of the opportunities in energy storage.
The challenge lies in the fact that everyone in this ecosystem has different financial capabilities to participate in the transition. In the same time it's a requirement.
In my previous update, I mentioned the important initiatives being taken at the governmental level in our neighboring countries, in order for this transition to happen at the necessary pace to achieve globally set goals.
Stella Futura, which for obvious reasons does not have the authority to accelerate the availability of financial tax incentives, focuses instead on creating attractive business offerings that enable our clients, small and medium-sized Swedish companies, to still participate in the transition and reap its benefits. We do this through so-called "as-a-service" solutions. You have probably noticed them everywhere. The most common example is Software as a Service (SaaS), which refers to services that provide software for users to use, without having to invest in the software itself. On the automotive side, there is Car as a Service (CaaS), where users do not need to buy a car, but instead pay for its usage. Through these types of solutions, many can share development costs and enable smaller players to access services that they would otherwise not be able to afford.
Therefore, it is only natural that Stella Futura is one of the industry leaders in offering what is known as Battery as a Service (BaaS). This has allowed us to also offer solutions to smaller players, such as agricultural entrepreneurs, that enable them to reduce their electricity costs, become more self-sufficient, reduce fossil fuel usage, and also participate in the revenues generated from the balancing services that I mentioned in my first summer update. An important accelerator here is precisely these balance revenues, as they enable us to offer our clients a BaaS solution, and by connecting it to the balancing market, revenues are generated that can cover all or part of the financing.
Stella Futura is working to make green energy accessible everywhere, which is why we place equal emphasis on developing smart financial solutions as we do on the technology itself. In order for us to achieve our goals and address the climate challenge, everyone who can contribute must do so. With innovative financial solutions, more people can access energy storage and battery systems.
CEO, Stella Futura AB