The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Fluence to optimise Australian solar power plants for Mytilineos

LinkedIn
Twitter
Reddit
Facebook
Email

Energy storage technology provider and system integrator Fluence has won another contract to use its bidding platform to maximise market participation for renewable energy facilities in Australia. 

Greece-headquartered industrial and energy group Mytilineos has deployed Fluence IQ Bidding Application at three of its Australian solar PV farms totalling 108MW, in New South Wales.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The AI-enabled bidding application is currently available in two key regions, California’s CAISO market and in Australia’s National Electricity Market (NEM) which spans most of the country’s east and southeastern built-up areas. 

While Fluence is best known for its work delivering turnkey battery energy storage systems (BESS) in a growing number of global markets, the company has also since the acquisition of digital energy management specialist Advanced Microgrid Solutions (AMS) also furthered its involvement in software platforms for managing and optimising assets.

This includes making the applications available for renewable energy asset owners and operators as well as for battery storage.

In the NEM in Australia, Fluence IQ uses AI to predict future market prices for energy and frequency control ancillary services (FCAS), analysing thousands of variables from system loads and transmission headroom to generator activity and weather. 

It calculates optimal bids across all markets for dispatch intervals from each day to the next, against price forecasting, operational constraints of the onboarded assets and the business model applicable. These bids are then submitted directly to the Australian Energy Market Operator (AEMO) or the customers’ own trading desks. 

In a recent interview with this site, Fluence market director for the EMEA region Julian Jansen said the growth and scaling up of digital and software services, is an important part of the company’s overall strategy.

In another interview, the CEO, Manuel Perez-Dubuc, highlighted the way the Fluence IQ business line grew quickly in its first year, with 2,744MW of contracts signed in 2021

In February Fluence netted another Australian deal, for optimising large-scale solar and wind with a combined capacity of 320MW for Telstra Energy, which followed a 1.1GW deal announced earlier that month to optimise solar PV assets in the western US for AES Corporation, one of Fluence’s owner companies. 

28 March 2024
8am (PDT) / 11am (EDT) / 4pm (CET)
This webinar provides invaluable insights into the challenges, risks, and solutions associated with battery energy storage systems. Participants will gain a deeper understanding of the importance of proactive monitoring, maintenance, and the role of battery analytics in optimising BESS performance and ensuring regulatory compliance. Additionally, attendees will learn about industry best practices and emerging trends in BESS management, enhancing their ability to effectively deploy and operate BESS infrastructure.

Read Next

Premium
March 1, 2024
Italy grid-scale energy storage market opportunities unlike anywhere else, but many challenges and uncertainties around the different revenue streams remain, including the upcoming MACSE capacity market auction.
February 29, 2024
Fluence has been issued the required Notice to Proceed on a battery storage project in Australia, which will provide inertia services via the system’s advanced inverter equipment.
Premium
February 26, 2024
BESS route-to-market (RTM) and optimisation firms in the UK are increasingly looking at a wider variety of contracting mechanisms beyond the revenue-share or ‘merchant’ model, developer-operator Eku Energy told Energy-Storage.news.
February 21, 2024
The panel – Where are the Commercial Opportunities for Co-Location? – was almost full to capacity on the afternoon of the first day of the Summit.
Premium
February 20, 2024
We catch up with the president of Canada-headquartered Hydrostor, Jon Norman, about the firm’s advanced compressed air energy storage (A-CAES) tech, current projects, future plans and being a developer versus system integrator.

Most Popular

Email Newsletter