OptiGrid, an Australian battery optimisation and trading intelligence platform, has partnered with Acacia Energy to accelerate the deployment of battery storage for commercial and industrial (C&I) customers.

Battery storage equipped with optimisation platforms not specifically designed for Australia’s NEM missed revenue opportunities during the 10 October price spike, according to Sahand Karimi, co-founder and CEO of OptiGrid.

On 10 October, electricity prices in New South Wales, Australia, reached the Market Price Cap of AU$20,300/MWh (US$13,307/MWh).

Sahand Karimi, CEO of OptiGrid, tells ESN Premium that the majority of BESS projects in the NEM “rarely go fully contracted”.

OptiGrid has partnered with Hepburn Energy to optimise a BESS at the 4.1MW Hepburn Wind Project in Victoria, Australia, using AI.