Nokia announced on July 1, 2025, that its new energy innovation venture, Enscryb, has secured a partner and its first two customers. Enscryb is partnering with NODES, a Norwegian technology company.
Enscryb will be offering services to Nanuq, a charging infrastructure company, and Smartecon, a utility scale renewable energy construction/EPC company. This marks Nokia's entry into new segments of the energy market.
Enscryb is a platform that uses digital twins and stream processing technology to enable real-time distributed energy orchestration. This venture aims to address increasing market volatility and demand in the energy sector, showcasing Nokia's diversification strategy.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.