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MYTLINEOS deploys Fluence IQ Bidding App across its operating solar farms portfolio in Australia

Image Courtesy: Fluence

Fluence has announced that its Fluence IQ Bidding Application has been deployed at a portfolio of three Australian solar farms owned by the Greek industrial and energy company MYTILINEOS and its Renewables & Storage Development (RSD) Business Unit.

MYTILINEOS began moving into the Australian renewables market in 2019 when it acquired the 48 MW Wagga Wagga, 30 MW Junee and 30 MW Corow solar farm, forming a local office, representing the RSD Business Unit. MYTILINEOS uses the AI-enabled Bidding Application to optimize the trading of the three solar farms in New South Wales.

"We are delighted that MYTILINEOS is placing its trust in our software are to maximize the revenue and value of its entire operating Australian solar farm portfolio during the daylight hours," said Andrew Kelley, Fluence Digital Country Director in Australia.

"The 'five-minute settlement' introduced to the NEM several months ago requires renewable energy assets like these three solar farms to be able to perform highly accurate price forecasting to avoid any negative pricing events. The Bidding

Application assists the asset owner and operator of the solar farms, MYTILINEOS to maximize generation during periods of favorable pricing in the mark et and curtail generation during periods of oversupply and negative pricing."

The Fluence IQ Bidding Application analyses thousands of variables to provide leading price forecasting and optimization using proprietary machine learning

algorithms, enabling renewable asset owners and operators to optimize bidding and dispatch in Australia's National Electricity Market (NEM).

The three solar plants can generate and supply more than 220 GWh of electricity to the national electricity grid while offsetting more than 180,000 tonnes of greenhouse gas emissions every year. 

Author : Debi Dash
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