Technology

Maximising Battery Potential with Cutting-Edge Data Science

OptiGrid’s asset optimisation and price forecasting solutions increase revenue from batteries and renewable assets, maximising their full potential.

OptiGrid’s solutions are tailored for Australia’s National Electricity Market (NEM) and suitable for:

  • Utility-Scale Batteries: maximising revenue across all markets and revenue streams through autonomous bidding and operation of Scheduled batteries. Designed for both stand-alone units and hybrid systems co-located with other renewable assets.
  • Non-Scheduled Batteries (Sub 5MW): Maximising energy arbitrage and FCAS revenue without the need for bidding into the energy market. Suitable for both stand-alone units and batteries integrated with other renewable energy sources.
  • Other Flexible Energy Resources: Price forecasting solutions for virtual power plants, demand response applications, and hydrogen electrolysers.

Flexible capabilities to suit your operational needs

OptiGrid’s solutions are designed with flexibility and precision in mind, enabling seamless integration and optimised performance across various electricity markets and contracts. Our capabilities include:

  • Full market coverage: OptiGrid solutions can operate and bid in wholesale energy and all Frequency Control Ancillary Services (FCAS) markets.
  • Non-market structures: We consider off-take agreements, PPAs, and other contracted positions.
  • Flexible integration: A range of cloud and hardware-based approaches to interface with your assets and the market.
  • Size agnostic: Options to create bid stacks for utility-scale batteries, control set-points for smaller systems, and a range of price forecasts suitable for many applications

A culture of continual improvement and testing

OptiGrid’s energy market experts and data scientists continuously improve operational efficiency and asset revenue for our customers. We have robust back-cast modelling systems that accurately model the performance of our solutions to ensure real-world performance exceeds expectations.

OptiGrid Advantages 

Improve your revenue 

OptiGrid’s solutions increase battery revenue by over 20% compared to the status quo. Our price forecasting engine, built on feature engineering and proprietary machine learning models, provides a clear market signal through probabilistic forecasts, enabling optimal battery operations and bids. Leveraging proprietary bidding algorithms, our asset optimisation and bidding platform then maximises revenue across all electricity markets.

Agnostic, independent platform

Most battery bidding platforms are owned by battery manufacturers or energy asset operators and traders. Unlike others, OptiGrid is completely independent, so you can be assured that our products perform equally well regardless of who you are, or what type of batteries you’re operating. Your asset information remains entirely confidential and will not be used by any competing battery operator or manufacturer.

OptiGrid keeps on learning and improving 

Advances in data science and machine learning are turning what was impossible a few years ago into reality today. OptiGrid leverages the latest techniques in these fields, tailoring them specifically for the Australian NEM to unlock the full potential of batteries and renewable assets. Our platform continuously learns and adapts, improving over time to deliver even greater performance and value.