Sahand Karimi and Henry Swisher of OptiGrid examine the two primary metrics used to evaluate the performance of battery storage trading: normalised revenue and percentage of perfect capture rate.

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.