Optimized strategies
Increase profits from battery storage optimization
Discover how our tailored solutions can enhance your energy efficiency and deliver substantial cost reductions in the short term.
Battery Storage Optimization
Energy producers with battery storages connected to renewables have a good opportunity to act fast on trading markets and increase profits from participation when the prices are favorable and figure out what is the optimal bidding strategy for batteries on multiple energy markets.
In Energy Optima 3, it is possible to model and optimize different types of battery storages to increase profits from trading markets. The software calculates also the optimal size of planned, new battery storages, with and without power plant connection.
Advantages with battery storage optimization:
- Maximise the revenues from multiple trading markets
- Find out potential and optimal usage for the specific battery
- Calculate the optimal size of the battery
- Return of investment
Optimizing batteries and trading
Battery storage modelling and optimization
With the constant increase of renewables and possible profits from participation on different trading markets, the need for storage solutions has also increased.
With battery storage optimization in Energy Optima 3, the production plans will show you exactly when to discharge and charge.
With a battery, you have the opportunity to utilize the extreme peaks of positive and negative spot prices. All types of storages are easy to model in the “digital twin” in Energy Optima 3.
All types of trading markets are also possible to model in Energy Optima 3, such as Spot Day-ahead (incl. Block-bids), Spot Intraday and Ancillary Service Markets.
The battery storage can be modelled either in connection to a power plant, or as a stand-alone battery, with or without renewable power connection.
OPTIMIZATION OF PAST AND FUTURE OPERATION
Past operation (based on measurements):
- Comparison “how it was running” vs. “what was the potential”.
- What would have been the optimal way to use it to gain maximum profits from several markets?
- Follow-up of economy and lessons learned.
- This part is important for improving the coming operation and for reporting.
Future operation:
- What would be optimal bidding strategy for multiple markets.
- Day-ahead, Block-bids, Intraday
- Ancillary markets: mFRR, aFRR
- FCR-N, FCR-D (up/down) and FFR
- Day-ahead, Block-bids, Intraday
Capacity compensation for participating in the market whether energy trades (activations) happen or not.
INVESTMENT ANALYSIS AND RESULTS
Scenarios that can be run and analysed:
- What is the optimal size with/without solar power connection?
- At which production site should it be placed?
- Is it worth to invest?
Decision support for battery investments and trading
You can sell more electricity at profitable hours with a battery and have the possibility to buy larger amounts of electricty at almost the same cost.
A new battery storage can be inserted into an existing energy system in a simulation database, either in connection to a power plant, or as a stand-alone battery, with or without renewable power connection. Then you can run an unlimited amount of long-term simulations with different scenarios, such as high and low electricity prices and electricity load, and participation on different trading markets.
Image: Optimization result without a battery storage.
Image: Optimization with a battery storage (yellow = discharging of battery during high prices).
Image: Optimization of the dimension of a new battery storage (650 MWh) connected to a photovoltaic park.
Discover Efficient Energy Solutions
Unlock the potential of your energy systems with Energy Opticon AB. Our advanced solutions empower you to optimize energy consumption, reduce costs, and enhance sustainability. Take the first step towards a more efficient future by exploring how our technology can transform your operations.