Front row from the left: Alexander Bogensperger, Director Business Development TTTech ZYNE, Franz Zöchbauer, Geschäftsführer - VERBUND X Ventures, Georg Kopetz, CEO und Mitgründer – TTTech, Andreas Bräuer, Geschäftsführer - VERBUND X Ventures
(© TTTech / Nicky Webb Photography)
Vienna, January 15, 2025: The strategic joint venture TTTech ZYNE combines the know-how of two market leaders: The comprehensive expertise of Austria's largest energy supplier VERBUND in the energy market and in the integration of renewable energies and the know-how of the globally active Viennese high-tech company TTTech in industrial automation and systems for safety-critical applications. TTTech ZYNE will offer a reliable and secure real-time energy management solution from mid-2025 that acts as a bridge between industry, energy suppliers, and municipal utilities.
The energy market faces major challenges due to rising electricity prices, volatile markets, and the increasing integration of renewable energies. Energy costs are becoming a decisive locational factor, even as requirements for efficiency, sustainability, and secure, trustworthy solutions for critical infrastructures are increasing. Real-time data plays a key role: it enables companies to react flexibly to market signals, avoid balancing energy costs, and dynamically adjust energy flows. TTTech ZYNE tackles these issues with an approach that combines state-of-the-art technologies with in-depth market knowledge.
Partnership for the energy transition
TTTech ZYNE combines the central competencies of two leading companies: VERBUND and TTTech.
Michael Strugl, CEO of VERBUND, highlights the strategic importance of the cooperation: “This partnership is a central component of our strategy to actively drive the transformation of the energy market and contribute to climate neutrality in Europe. The investment supports us in further expanding our market position as a leading provider of smart energy management solutions for industrial customers and energy suppliers. At the same time, we are taking an important step towards making grid stability and optimization of our customers' energy consumption more efficient and sustainable.”
Technological excellence meets energy market know-how
Georg Kopetz, CEO and co-founder of TTTech, considers the joint venture as a very important extension of TTTech’s existing competencies and markets: “TTTech contributes decades of experience in the development of highly reliable real-time systems and edge systems. Our technology enables, with increasingly, AI-enhanced software, to react dynamically and reliably to changes, which is of crucial importance in the volatile energy market. With TTTech ZYNE and in cooperation with VERBUND, we offer a solution for the triple transition, the sustainable and digitalized transformation of our energy system, and are strengthening our activities in Green Tech.”
Franz Zöchbauer, Managing Director of VERBUND X Ventures, adds, “TTTech ZYNE is a strategic investment in the future of energy supply. The platform bridges the highly dynamic world of renewable energies and industry requirements. This partnership opens up completely new opportunities to realize value creation potential in the energy market and to make companies fit for the challenges of the energy transformation.”
A new energy management generation
TTTech ZYNE provides a real-time energy management system for the smart control of the production, storage, and consumption of energy. It is a platform solution that enables significant cost savings for medium-sized industrial and commercial companies, energy suppliers, and municipal utilities through smart and cross-site energy management.
Tobias Birsak, Managing Director TTTech ZYNE describes the product’s functionalities: “Our aim is to offer our customers maximum flexibility and cost savings. Our solution revolutionizes energy management by enabling the optimization of the energy system at different levels – from local customer installations behind the meter to entire balance groups. The platform offers smart control of energy flows and makes renewable energy available at the exact time it can be used most efficiently. This enables not only consumption optimization, but also dynamic control of self-generated electricity and flexibility commercialization, as well as innovative tariff models from energy suppliers that optimize their electricity trading through real-time energy data and thus significantly reduce energy costs for industrial companies.”
TTTech ZYNE has already successfully integrated its first reference customer into the platform and will present the results in February 2025 at E-World Energy & Water in Essen. The official product launch will take place in May 2025 at The smarter E – Europe/Intersolar in Munich.
Website TTTech ZYNE: www.tttech/zyne
About TTTech
TTTech is a leading provider of secure and reliable computing platforms that are used in for networking, control, and automation of systems and make megatrends such as the Internet of Things or autonomous mobility a reality. TTTech solutions have been used for more than 25 years in safety-critical applications in aerospace, mobile machinery, smart manufacturing and automation, and the automotive industry.
Around 1,200 employees from more than 44 nations work for the companies of the TTTech Group (TTTech, TTTech Industrial, TTControl) at 12 locations in 11 countries, thus ensuring proximity to the international customer base and worldwide partners.
More information at www.tttech.com
Press contact: Judith Lebic, Media & PR Manager | Tel.: +43 1 585 34 34-4013 | pr@tttech.com
About VERBUND
VERBUND is Austria's leading electricity company and one of the largest producers of electricity from hydropower in Europe. Around 98 percent of our electricity generation comes from renewable energy, mainly hydropower. VERBUND trades in electricity in 12 countries and achieved a consolidated result of around 2,266 million euros and an EBITDA of around 4,490 million euros in 2023 with around 3,800 employees. With subsidiaries and partners, VERBUND is active in everything from power generation and transport to international trade and sales. VERBUND has been listed on the Vienna Stock Exchange since 1988, and the Republic of Austria owns 51% of the share capital.
VERBUND is the decisive player for the success of the energy transition in Austria. The challenges ahead require a united orientation of the entire company, which VERBUND is driving forward with Mission V. Mission V is a long-term and comprehensive transformation program and stands for the will to counter the climate crisis as a force for change. This program is based on the VERBUND Strategy 2030 with its three main thrusts: strengthening the integrated domestic market, expanding renewable energies in Europe and establishing itself as a European hydrogen player. With Mission V, VERBUND is accelerating the achievement of the strategic goals for 2030 and ensuring their implementation.
Further information: www.verbund.com
Press contact: Ingun Metelko, Company Spokesperson | Tel.: +43 (0) - 50313 – 53 748 | Cell: +43 664 380 92 69 | ingun.metelko@verbund.com
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