AES gets Fluence IQ bidding software to optimise 1.1 GW of solar and also storage space assets in the US

Feb 10, 2022 12:48 PM ET
  • AES Corporation has contracted its subsidiary Fluence to onboard 1.1 GW of solar as well as storage assets to its energy trading as well as bidding process platform as it looks to optimize its United States operations.
AES gets Fluence IQ bidding software to optimise 1.1 GW of solar and also storage space assets in the US
Image: Fluence

The offer, introduced today, covers an AES portfolio of independent power producer (IPP) projects in the Western US which will currently make use of the Fluence IQ Bidding Application.

The fabricated intelligence-enabled, device learning-based software gives recommendations on when as well as how much to bid into auctions for energy and also grid solutions on a per hour and everyday basis.

It allows asset drivers to make real-time decisions based on historic information as well as forecasting on metrics like expected energy generation as well as need, weather condition and so on, optimizing the revenues that can be made from wholesale market possibilities.

" By executing as well as making use of cutting-edge automated bidding process software for our projects, we will be able to enhance grid reliability and effectiveness while additionally sustaining our consumers' eco-friendly energy shifts in a safe as well as reputable way," Leo Moreno, head of state of AES Clean Energy claimed.

Fluence, introduced in 2017 as a joint venture (JV) in between AES Corporation and Siemens, went public in an IPO that valued the firm at just under US$ 5 billion last year.

It is best called an energy storage system integrator and innovation provider, with greater than 3.6 GW of energy storage space already released or contracted for release in 30 various worldwide markets.

However, Fluence has broadened its reach into the electronic and software side of asset administration as well as controls, largely considering that its acquisition people energy storage space AI as well as software carrier Advanced Microgrid Solutions in 2020.

Because obtaining a contract to optimise market involvement of a 182.5 MW/730MWh battery energy storage space system (BESS) in California a few months later, the firm has added capabilities to handle bidding process for renewable resource assets along with battery storage.

It signed 2,744 MW of Fluence IQ electronic contracts during 2021.

Fluence CEO Manuel Perez Dubuc told PV Tech's sister site Energy-Storage. net at the beginning of the year that digital applications is currently one of the firm's three major business lines, together with energy storage services and products.

" Substantial need for digital products that optimize assets-- both eco-friendly and storage space," was one of Perez Dubuc's big takeaways of last year in our Year in Evaluation 2021 blog site series.

" Business design and also economics of combining energy storage space plus solutions plus digital optimisation is effective, and also we expect rate of interest because type of mix offering to grow."

Although the platform is currently just readily available in the frontrunner California CAISO wholesale market and Australia National Electricity Market (NEM), accessibility in other areas is expected to find quickly, resources close to the company have claimed.

" It's presently readily available in the California and Australian energy markets with plans to expand that market schedule internationally this year," Julian Jansen, Fluence's development and market development supervisor for EMEA informed ESN. "It truly helps sustainable asset owners and drivers to optimize the bidding as well as dispatch and make better, data-driven decisions in a significantly complicated and also unpredictable market."

Fluence has asserted its bidding process platform can develop revenue uplifts of 40% to 50% for battery energy storage and also regarding 10% for standalone renewable resource assets in CAISO as well as NEM.

"Our software-as-a-service version enables us to swiftly integrate with customers' assets, scale across locations and also technology types, as well as make sure remarkable efficiency as markets transform," Fluence SVP and also primary digital police officer Seyed Madaeni said.

Rivals in the energy storage space modern technology carrier area have released similarly-themed offerings, consisting of Wärtsilä's Intellibidder platform as well as Tesla's Autobidder.

Recently, Energy-Storage. news reported that Fluence has entered a long-term critical collaboration with another software-based clean energy firm, Pexapark.

Pexapark has a collection of logical devices and also solutions providing market intelligence about renewable resource power purchase contracts (PPAs) as well as energy portfolio danger administration optimisation options. Fluence consumers will certainly gain access to Pexapark's energy market software while Pexapark will be able to benefit from Fluence's very own energy storage analytics capabilities.

Fluence has supplied revenue assistance in between US$ 1.1 billion and also US$ 1.3 billion for 2022. Company execs was because of review its newest quarterly incomes today.

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