AES Selects Fluence Market Optimization Software to Maximize Solar Projects

Fluence has signed an agreement with The AES Corp. to use the AI-powered Fluence IQ auction app to maximize the value of a 1.1 GW portfolio of solar and energy storage projects in the western United States. The software will optimize revenue generated from solar and battery assets through participation in wholesale markets.

The Fluence IQ auction app recommends bids in daily and hourly auctions for energy and network services, anticipating opportunities using advanced forecasting to take advantage of favorable prices while minimizing exposure to unfavorable prices.

“We are proud to help AES maximize the value of its clean energy assets through our automated auction software,” said Seyed Madaeni, SVP and Chief Digital Officer of Fluence. “Storage, solar and wind owners and operators around the world trust Fluence IQ to manage the complexities of participating in the electricity market. Today, our software supports over 6 GW of assets under contract or in operation worldwide. Our software-as-a-service model allows us to quickly integrate with our customers’ assets, scale across geographies and technology types, and deliver superior performance as markets evolve.

Fluence is a developer of AI-powered bid optimization software for grid-scale renewable energy storage and generation assets. Fluence’s data scientists, market experts and software engineers apply machine learning and artificial intelligence technologies to the challenges of optimizing energy markets, designing tools that enable customers to articulate bidding strategies and balance operational considerations.

“At AES, we are focused on accelerating a carbon-free energy future and helping our customers meet their clean energy commitments,” said Leo Moreno, President of AES Clean Energy. “The Fluence IQ Bidding application will allow us to best meet the needs of our customers with innovative solutions by optimizing assets in real time based on market price forecasts. By implementing and using state-of-the-art automated bidding software for our projects, we will be able to improve grid reliability and efficiency while supporting our customers’ green energy transitions in a safe manner. and reliable.

The Fluence IQ tendering application is available in two markets: the CAISO (California Independent System Operator) market and the Australian National Electricity Market (NEM). The platform is currently used by energy asset owners in Australia to optimize approximately 20% of all grid-scale wind and solar assets that bid for the NEM. Auction app customers can increase the revenue they earn from these markets by 40% to 50% for battery energy storage and 10% for stand-alone renewable energy assets.

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