July 1, 2022
With California’s aim of decarbonizing its electrical energy sector by 2045, the state has an enormous alternative to leverage its nation-leading fleet of behind-the-meter batteries to assist grid reliability and drive renewable progress.
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Renewable energy mission proprietor and developer Ventura Energy is engaged on a five-site portfolio of standalone energy storage initiatives, deployed at important water amenities, that can take part within the wholesale energy markets and supply grid assist. They are ready to do that by using the providers of Leap, a supplier of energy market entry for distributed energy assets, and Energy Toolbase‘s Acumen EMS controls software.
The portfolio is made up of five sites, totaling 3.7 (MWh) utilizing Tesla Powerpack energy storage systems. Ventura’s modern project-financing mannequin makes use of projected grid providers revenues to ship less expensive backup power to its clients.
“We are excited to get these projects energized, prove out this model, and then repeat this performance-based revenue share structure on future projects,” stated Clara Nagy McBane, the Founder and Owner of Ventura Energy.
How does this work? The Ventura Energy portfolio in Southern California will leverage Acumen EMS and Leap’s platform to bid its price-responsive load into CAISO, delivering zero-carbon energy when dispatched and offering much-needed Resource Adequacy to the utility.
The initiatives will enroll and make nominations into California’s Demand Response Auction Mechanism (DRAM) program, which is a pay-as-bid public sale program that goals to bolster grid stability by compensating demand-side assets, together with energy storage methods, to curtail energy when the grid is strained.
The partnership between Energy Toolbase, Ventura Energy, and Leap will allow all events to maximise income and assist for the grid by means of a performance-based revenue-share mannequin for the portfolio. This is the primary portfolio of grid-interactive initiatives for Energy Toolbase, says Chris Sefel, the Manager of Enterprise Sales with Energy Toolbase.
“We intend to replicate this model and enable many more ETB-controlled energy storage systems to participate in the wholesale energy markets.”
Energy Toolbase lately launched its Special Programs characteristic on the ETB Monitor platform, which permits Acumen EMS-controlled energy storage methods to operate as digital power crops and take part in demand response or grid providers packages. This characteristic permits clients to view, handle, and schedule participation into energy market packages, corresponding to DRAM in California. Asset homeowners are capable of extract the utmost worth from standalone storage and solar + storage initiatives by co-optimizing worth seize with behind-the-meter utility invoice financial savings management methods.
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Tags: industrial and industrial