Nispera, the asset performance management (APM) platform for renewable energy acquired last year by Fluence, has begun managing battery storage assets.
Rebranded Fluence Nispera since the takeover, the cloud-based platform is already onboarded close to a gigawatt-hour of energy storage, across five large-scale battery energy storage system (BESS) projects, the parent company said yesterday.
The software platform will monitor BESS performance in real-time, conduct performance analysis driven by artificial intelligence (AI), and optimise energy storage assets.
A total 267MW/948Wh battery projects are signed up to use it, adding to more than 8GW of renewable energy assets it is managing worldwide, including wind, solar and hydroelectric. Fluence did not disclose the location, or other details about the BESS projects.
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The platform’s benefits include reducing downtime and increasing availability of BESS assets, as well as maximising revenues in other ways. As it does for renewables, the Nispera software also enables BESS asset owners to monitor their fleets at a portfolio level.
According to Fluence it uses machine learning and data visualisation, integrated with financial and asset performance data to help owners and operators analyse and improve performance, including troubleshooting. Fluence claimed it can improve return on assets by 3% to 10%.
Meanwhile the platform’s optimisation functionalities allow users to prioritise the right interventions to make on performance and operations and maintenance (O&M), including Digital Twin mapping of assets. Energy storage system owners can look back on historical technical and market performance data to analyse them against 20 key variables.
For Fluence, it marks the company’s continued advancement into the digital energy space. The Nispera acquisition, announced in April 2022, brought its portfolio of digital assets under management to 15GW.
That was a big leap from the 4.7GW it had contracted as of February last year. Fluence is one of the biggest energy storage system integrators globally, but its wave of activity in the software and digital space really kicked off with the acquisition of US energy storage software pioneer Advance Microgrid Solutions (AMS) in 2020.
A few days ago, Fluence announced its results for the first quarter of its financial year, which runs from October to December. The first results release from the company since new CEO Julian Nebreda took office, a 78% increase in quarterly revenues was reported, as well as a significant improvement in GAAP gross profit margin to 3.8% from 2% in the previous period.
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