CES’ GridBOOST, bidding and optimization platform drive revenues for Kearsarge solar-storage site
Customized Energy Solutions (CES) has announced that it has partnered with renewable energy developer Kearsarge Energy L.P. to optimize the performance and revenue generation of their 4.4 MW solar and 10 MWh storage site in Bellingham, Massachusetts using CES' bidding and scheduling optimization platform, GridBOOST.
The platform is expected to increase the site's revenue by 20-50 percent by optimizing its performance in ISO-NE's capacity and frequency regulation markets, while also capitalizing on Solar Massachusetts Renewable Targets (SMART) and Massachusetts Clean Peak Energy incentive programs.
"Working with CES has enabled us to maximize the revenue streams of our storage assets and extend our market leadership position for co-located solar and energy storage in a competitive market," said Andrew Bernstein, Managing Partner at Kearsarge Energy. "CES is an excellent and responsive partner, and we look forward to expanding our relationship."
Unlike the ramp-based generation profiles that have been traditionally used to guide storage dispatch and charging, GridBOOST integrates data from multiple sources to make holistic, data-driven scheduling and bidding decisions. GridBOOST's algorithm accounts for the technology constraints and operational performance of generation and storage assets, as well as external factors including market participation rules and limitations, day ahead and real time pricing forecasts, weather forecasts, and the benefit structures of available incentive programs to maximize the attainable market revenue of generation and storage assets.
"The ability to optimize asset performance and strategically schedule and bid energy and regulation will become increasingly valuable as more storage assets come online, driving stiffened market competition and decreased frequency regulation prices," says Erik Paulson, Vice President of Wholesale Market Services at CES.
"GridBOOST offers Kearsarge a dynamic and agile strategy for scheduling and bidding the storage resource into the ISO-NE markets, generating an immediate increase in revenue and setting them up for continued success in the future."