AES enlists Fluence IQ bidding software to optimise 1.1GW of solar and storage assets in the US

By Andrew Colthorpe
Facebook
Twitter
LinkedIn
Reddit
Email
AES is hoping to optimise the performance and profitability of 1.1GW of assets in the Western US via Fluence’s software. Image: Fluence

AES Corporation has contracted its subsidiary Fluence to onboard 1.1GW of solar and storage assets to its energy trading and bidding platform as it looks to optimise its US operations.   

The deal, announced today, covers an AES portfolio of independent power producer (IPP) projects in the Western US which will now use the Fluence IQ Bidding Application.

The artificial intelligence-enabled, machine learning-based software gives recommendations on when and how much to bid into auctions for energy and grid services on an hourly and daily basis. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

It allows asset operators to make real-time decisions based on historical data and forecasting on metrics like expected energy generation and demand, weather and so on, optimising the revenues that can be earned from wholesale market opportunities. 

“By implementing and utilising cutting-edge automated bidding software for our projects, we will be able to improve grid reliability and efficiency while also supporting our customers’ green energy transitions in a safe and reliable way,” Leo Moreno, president of AES Clean Energy said.     

Fluence, launched in 2017 as a joint venture (JV) between AES Corporation and Siemens, went public in an IPO that valued the company at just under US$5 billion last year.

It is best known as an energy storage system integrator and technology provider, with more than 3.6GW of energy storage already deployed or contracted for deployment in 30 different global markets. 

However, Fluence has expanded its reach into the digital and software side of asset management and controls, largely since its acquisition of US energy storage AI and software provider Advanced Microgrid Solutions in 2020.

Since getting a contract to optimise market participation of a 182.5MW/730MWh battery energy storage system (BESS) in California a few months later, the company has added capabilities to manage bidding for renewable energy assets as well as battery storage. 

It signed 2,744MW of Fluence IQ digital contracts during 2021.  

Fluence CEO Manuel Perez Dubuc told PV Tech’s sister site Energy-Storage.net at the beginning of the year that digital applications is now one of the company’s three main business lines, along with energy storage products and services. 

“Significant demand for digital products that optimise assets – both renewable and storage,” was one of Perez Dubuc’s big takeaways of last year in our Year in Review 2021 blog series

“The business model and economics of combining energy storage plus services plus digital optimisation is powerful, and we expect interest in that type of combination offering to grow.”

Although the platform is currently only available in the frontrunner California CAISO wholesale market and Australia National Electricity Market (NEM), availability in other regions is expected to come soon, sources close to the company have said. 

“It’s currently available in the California and Australian energy markets with plans to expand that market availability globally this year,” Julian Jansen, Fluence’s growth and market development director for EMEA told ESN. “It really helps renewable asset owners and operators to optimise the bidding and dispatch and make better, data-driven decisions in an increasingly complex and volatile market.”

Fluence has claimed its bidding platform can create revenue uplifts of 40% to 50% for battery energy storage and about 10% for standalone renewable energy assets in CAISO and NEM. 

“Our software-as-a-service model enables us to rapidly integrate with customers’ assets, scale across geographies and technology types, and ensure superior performance as markets change,” Fluence SVP and chief digital officer Seyed Madaeni said.

Rivals in the energy storage technology provider space have launched similarly-themed offerings, including Wärtsilä’s Intellibidder platform and Tesla’s Autobidder.

Last week, Energy-Storage.news reported that Fluence has entered a long-term strategic partnership with another software-based clean energy company, Pexapark. 

Pexapark has a suite of analytical tools and services offering market intelligence about renewable energy power purchase agreements (PPAs) and energy portfolio risk management optimisation solutions. Fluence customers will gain access to Pexapark’s energy market software while Pexapark will be able to benefit from Fluence’s own energy storage analytics capabilities.

Fluence has offered revenue guidance between US$1.1 billion and US$1.3 billion for 2022. Company executives were due to discuss its latest quarterly earnings today.

This story originally appeared on PV Tech’s sister site Energy-Storage.news on 9 February 2022. A link to the original article can be found here.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

July 22, 2024
The amount of residential solar paired with a battery energy storage system (BESS) in California has increased notably under the state’s new net energy metering 3.0 (NEM 3.0) scheme.  
July 19, 2024
US solar manufacturer First Solar has started an investigation into several crystalline-silicon cell solar manufacturers for potential infringement of its patents.
July 19, 2024
Investment fund Quinbrook Infrastructure Partners and its subsidiary Primergy Solar have reached commercial operations at their 690MWac/966MWdc Gemini solar-plus-storage project in Nevada.
July 19, 2024
The Energy Storage for Resilient Homes Act would allow residents of the two states to use funding from the Federal Emergency Management Agency (FEMA) to purchase residential BESS.
July 19, 2024
SunPower said the decision was not made "lightly" and will consider options to support its mutual customers and collective business pipeline.
July 19, 2024
The US Department of Energy (DOE) has issued a loan of up to US$861.3 million to support 200MW of solar PV and 285MW/1,140MWh of battery energy storage system (BESS) projects in Puerto Rico.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA