Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a national leader in the field of renewable energy, announces an investment in the start-up Custom Soft Solutions (CSS) together with ANT Power, a company in which Simtel owns 51% of the shares. CSS develops the Virtual Power Plant (VPP) platform for monitoring and controlling energy consumption and production systems. Following the investment, Simtel owns 29% of the start-up, and ANT Power 20%, while the remaining 51% is owned by the founders of ANT, Ionuț-Ovidiu Dincă, Adrian-Gabriel Vintilă and Constantin-Corvin Ochian.
“Our activity means more than the operationalization of renewable energy sources. Ever since we started this division, the long-term goal has been to provide our customers with an integrated package of services in the direction of energy efficiency. With this investment, we complete that package with the last piece we needed, the measurement and monitoring of energy consumption and production. Therefore, Simtel currently has the capabilities to manage a customer’s entire energy ecosystem – we build and install PV power plants, to which we add specific related services. Thus, after their commissioning, we ensure maintenance, forecasting and trading of energy production, through ANT Power, and monitoring, optimization and remote control of energy consumption, through CSS. Through this model, we offer customers a complete solution, an ecosystem that transforms the classic energy management model into an intelligent system that optimizes consumption and production, bringing important financial benefits to customers, being with them in everything that the energy independence process means in the long term,” says Iulian Nedea, co-founder and CEO of Simtel Team.
Within the platform developed by CSS together with Simtel and ANT Power, customers have access to multiple real-time data on their energy activity, such as detailed reports, historical data, alerts and the ability to remotely control production and consumption systems using functions of artificial intelligence.
In addition to the investment in this start-up, Simtel also holds majority shares, of 51%, in two other companies. The first of them is ANT Power, a company that provides forecasting services for photovoltaic power plants, through an in-house developed software platform, which is one of the best performing in the market, with a next-day energy production prediction rate very close of the real one. The second company is Agora Robotics, the only Romanian research-development and production company for autonomous robots, which develops an ecosystem of complementary modular solutions for automating logistics and facility management processes. By the end of this year, Agora Robotics will release an autonomous industrial cleaning robot.
In 2022, Simtel Team recorded individually a turnover of 137 million lei, an increase of 134% compared to 2021, and a net profit of 12 million lei, an appreciation of 96% compared to 2021. The green energy division had the largest contribution to turnover at 77%, telecommunications accounted for 21%, while other business lines contributed 2%. The company is listed on the AeRO market of the Bucharest Stock Exchange since July 1, 2021, currently having a market capitalization of 216 million lei.
