Fluence’s Artificial Intelligence-Enabled Market Bidding Platform Selected to Optimize 182.5 MW Battery Energy Storage System in California
Summary
SAN FRANCISCO--(BUSINESS WIRE)--Fluence, the leading global energy storage technology, software and services provider, today announced that its A.I.-powered Trading Platform has been selected to provide optimization and market bidding services for Pacific Gas and Electric Company’s 182.5 MW, 730 MWh battery energy storage system in Moss Landing, Calif. By providing asset and portfolio managers with updated price forecasts and optimized bids every hour, PG&E will maximize the value of the asset for PG&E customers, improve grid reliability and efficiency, and support California’s transition to a more sustainable and resilient electric grid. “PG&E was one of the first utilities to appreciate the need for a sophisticated A.I.-enabled bidding technology to optimize its energy storage assets,” said Seyed Madaeni, chief digital officer of Fluence. We are excited to work with PG&E to use advanced technology to improve the efficiency and reliability of the CAISO market and lower costs for California consumers.” The Fluence Digital team – formerly AMS, which was acquired by Fluence in 2020 – is the leading developer of A.I.-enabled optimized bidding software for grid-scale storage and generation assets. Fluence, a Siemens and AES company, is the global market leader in energy storage technology, software and services, combining the agility of a technology company with the expertise, vision and financial backing of two well-established and respected industry giants.