California leads in energy innovation with over 5GW of utility-scale battery storage. Owners face challenges as traditional bidding methods don't apply. Algorithmic bidding solutions offer a new approach, emphasizing revenue uplift and Percent of Perfect Foresight (PoP) as key metrics. Revenue uplift demonstrates the extra earnings from algorithmic versus manual bidding, using year-long simulations with actual market data. PoP measures how closely an algorithmic strategy's earnings approach the ideal scenario with perfect market price knowledge. Fluence's case study in CAISO shows significant revenue increases and high PoP scores, underscoring the effectiveness of their algorithmic bidding software, Fluence Mosaic™, in optimizing battery storage asset revenues in California.

Join for free to read