The company's CEO mentioned that two Greek firms are currently collaborating to develop the first model of a lithium ion 'smart' battery for commercial use. He noted his team is working with researchers at the Demokritos research center, who have set up a specialized company and developed a new lithium ion electrode enriched with graphene.

This technical innovation is combined with software, which is where Intelen comes in: "We are contributing the algorithms we have created, years ago now, in order to make and have ready, in the first third of 2018, a prototype battery that we will also test in Greece," he stressed. The "smart" element of the battery, he added, was managing the stored energy in ways that dovetail with each consumer's domestic consumption patterns and minimize energy costs.

According to the company, consumers could combine the battery with solar power panels, or cheaper off-peak power rates, to minimize their power consumption costs.