Fluence acquires Advanced Microgrid Solutions' bidding process software program for utility-scale storage space and renewables

Oct 16, 2020 11:36 AM ET
  • Fluence, a Siemens and also AES firm, announced it has actually obtained the digital intelligence system of AMS, a carrier of A.I.-enabled enhanced bidding software program for utility-scale storage and generation possessions.

The mix of the two business' innovations will help utilities, developers as well as commercial as well as industrial clients enhance energy storage space and versatile assets to provide additional revenue, boost grid dependability as well as effectiveness, and support the international shift to even more sustainable as well as resistant power systems.

AMS' technology utilizes expert system, advanced rate projecting, profile optimization as well as market bidding to make certain energy storage space and flexible generation assets are reacting optimally to rate signals sent by the market. AMS' and also Fluence's innovations together will certainly function as a pressure multiplier, making best use of possession worth by combining Fluence's deep experience operating batteries in the field with AMS' capacity to enhance market participation.

The purchase, which adheres to a year-long collaboration in between the two companies, matches and also increases upon Fluence's electronic intelligence abilities, such as market dispatch formulas, battery destruction modeling and also anomaly discovery. By signing up with the Fluence group, AMS will take advantage of Fluence's worldwide sales reach to make its software program available to even more consumers worldwide.

" Our century-old power system is stressed. Renewable energy as well as power storage are the remedy," stated Brett Galura, primary modern technology officer at Fluence. "AMS has actually established one of one of the most powerful AI-enabled software program engines available in the industry. This procurement gives clients with data-driven understandings that take full advantage of the value and also performance of generation and also storage space assets to make the whole grid smarter. These technologies will drive the makeover of global electric power systems to make sure a more sustainable future."

The procurement permits Fluence to boost the value of energy storage and renewable energy for consumers. The mix of Fluence's sixth generation tech pile, which can minimize equilibrium of system prices for power storage by approximately 25%, with AI-enabled software application that can enhance revenue from battery power storage space by more than 100%, optimizes the ROI of energy storage. AMS' software application has additionally boosted the incomes of standalone sustainable assets by over 10% using optimized wholesale market bidding process.

Fluence takes a technology-agnostic "application store" approach to integrating the globe's finest electronic applications-- both its own as well as third parties'-- to optimize power storage space and flexible generation assets. This viewpoint includes AMS' optimized bidding process software application, which will certainly be offered as a standalone application for owners of power storage, crossbreed as well as standalone generation properties. Asset proprietors will have the ability to utilize the software application to optimize their systems despite whether they utilize Fluence innovation.

" We are unbelievably thrilled to sign up with the team at Fluence. Customers are building bigger fleets of energy storage space as well as versatile generation possessions, while at the same time wholesale markets are coming to be extra intricate and also volatile," stated Seyed Madaeni, CEO at AMS. "We have an one-of-a-kind possibility to lead the tidy power revolution by utilizing AI to optimize the dispatch of flexible possessions, optimize their worth and make the entire electrical power system a lot more receptive, trustworthy as well as durable. As part of the Fluence group, we will certainly have the capabilities as well as resources to speed up the international expansion of our software."