Bid Optimization: Maximizing Battery Storage Revenue

Time: 13:40 - 14:00
Date: 12 November 2024

Synopsis

The value of standalone storage and renewables plus storage can be significantly increased through analytics that continuously optimize operations. This presentation will outline proven techniques that improve the economic intelligence of ISO bids (both day-ahead and real-time) over traditional trader-based systems.
Key takeaways:
  • Advanced optimization algorithms are the cornerstone to pair battery attributes with market dynamics
  • Real-time price spikes can be predicted with significant bearing on operational strategy
  • Predictive price analytics add most value through a probabilistic framework rather than an absolute price forecast
  • Analytics-driven optimization techniques can increase storage project revenues by 30% over traditional approaches

Speaker

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