The way energy is produced, transferred and consumed is being revolutionized by digital transformation and changing regulatory environment. This revolution is largely developing outside of new technology boundaries.

There is a need for new infrastructure to service a new emerging ecosystem, where energy producers and consumers can purchase, sell and exchange energy in a truly digital way.

Spring is positioned to provide this infrastructure.

The primary markets for energy exchange have been focusing on connecting producers with suppliers, missing secondary markets that connect suppliers and consumers.

This mismatch creates inefficiency in retail markets because of information asymmetry between supply and demand.

Supply:
· Commitment to sell energy at fixed prices in the open market;
· Expensive consumers’ acquisition;
· No real-time data on consumers’ energy consumption.

Demand:
· Switching suppliers takes time and effort;
· Inflexi...
The way energy is produced, transferred and consumed is being revolutionized by digital transformation and changing regulatory environment. This revolution is largely developing outside of new technology boundaries.

There is a need for new infrastructure to service a new emerging ecosystem, where energy producers and consumers can purchase, sell and exchange energy in a truly digital way.

Spring is positioned to provide this infrastructure.

The primary markets for energy exchange have been focusing on connecting producers with suppliers, missing secondary markets that connect suppliers and consumers.

This mismatch creates inefficiency in retail markets because of information asymmetry between supply and demand.

Supply:
· Commitment to sell energy at fixed prices in the open market;
· Expensive consumers’ acquisition;
· No real-time data on consumers’ energy consumption.

Demand:
· Switching suppliers takes time and effort;
· Inflexible contract management;
· Impact environment by choosing green energy suppliers.

Spring is an operator of energy exchange infrastructure, facilitating secondary energy markets between consumers and energy suppliers.

We aim to create an automated application for consumers, enabling the change of energy supplier as easy as one click on the phone. Our solution will help energy suppliers to find and bid for new contracts while supporting green energy projects to enter energy markets.
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Kamile Kliukiene
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Kamile Kliukiene Legal Advisor Spring Legal Advisor|LegalTech Enthusiast