With software, California’s largest investor-owned investor can maximize the value of a flexible energy storage resource to keep California’s electrical grid safe, clean, reliable, and affordable power
Fluence, the world’s leading provider of energy storage technology, software and services, announced today that its AI-powered trading platform has been selected to provide optimization and market bid services for the 182.5 MW, 730 MWh battery storage system from Pacific Gas and Electric Company in Moss Landing, California Using artificial intelligence, advanced price forecasting, portfolio optimization and bid algorithms, the software ensures that the system responds optimally to the market and reliability requirements in the California Wholesale Market for Independent System Operators (CAISO). By providing updated price forecasts and optimized bids to asset and portfolio managers hourly, PG&E maximizes asset value for PG&E customers, improves grid reliability and efficiency, and supports California’s transition to a more sustainable and resilient grid.
“PG&E was one of the first utilities to understand the need for sophisticated AI-enabled bid technology to optimize its energy storage,” said Seyed Madaeni, Fluence’s chief digital officer. “This technology-independent software offers PG&E a single tool that can optimize not just the Moss Landing project, but potentially entire portfolios of generation and storage resources to improve the affordability of resources. We are pleased to be working with PG&E. E to work together to use advanced technology to improve the efficiency and reliability of the CAISO market and lower costs for California consumers. ”
The Fluence Digital team – formerly AMS, acquired by Fluence in 2020 – is the leading developer of AI-enabled optimized bid software for storage and generation resources on a grid scale. The trading platform, which can be used to optimize a wide variety of energy resources in the CAISO market and on the Australian National Electricity Market (NEM), can increase sales and operational efficiency for battery-based energy storage by 40 to 50 percent and sales for standalone Systems for renewable energies by over 10 percent thanks to optimized offers for the wholesale market. It is currently being used by power plant owners to optimize about 15 percent of all wind and solar power plants that bid in the NEM – about 1.7 GW – with another 0.7 GW under contract. PG&E is Fluence’s first announced Trading Platform customer in California’s ISO (CAISO).
The Fluence Digital team has tested the integration of the software into PG & E’s tendering and planning systems for the 4 MW Yerba Buena and 2 MW Vaca Dixon energy storage systems. PG&E plans to deploy the software at Moss Landing when the project goes online later this year.
Fluence, a Siemens and AES company, is the global leader in energy storage technology, software and services, combining the agility of a technology company with the expertise, vision and financial backing of two established and respected industry giants. Building on the pioneering work of AES Energy Storage and Siemens Energy Storage, the company’s goal is to create a more sustainable future by changing the way we power our world. Fluence provides design, delivery and integration, and offers proven energy storage technology solutions that meet the diverse needs and challenges of customers in a rapidly changing energy landscape. The company currently has around 2.4 gigawatt projects that are deployed or awarded in 24 countries and territories worldwide. Fluence topped Navigant Research’s leaderboard for utility-scale energy storage in 2018 and was named one of Fast Company’s Most Innovative Companies in 2019. In 2020, Fluences Tech Stack in its sixth generation was named Commercial Technology of the Year awards at the 22nd annual S&P Global Platts Global Energy awards.
To learn more about Fluence, please visit: fluenceenergy.com