Name: Battery Optimisation and Autobidders
Uploaded: 2024-03-19T22:50:07.726Z
Duration: 313.7
Description: Join Ross Attrill, Chief Innovation Officer at Energy One as he unveils the power of battery optimisation and autobidding, using cutting-edge software to guide batteries to their peak performance.

Ross Atrill export 14032024.mp4

Ross Atrill export 14032024.vtt

Subtitles

{{00:00:00}}
You really need a very clever piece

{{00:00:02}}
of software that can take all of those

{{00:00:03}}
things into consideration and say

{{00:00:05}}
here is the optimal schedule that your

{{00:00:07}}
battery should be delivering on and

{{00:00:08}}
then convert that into an offer that's

{{00:00:10}}
then put into the market and then you

{{00:00:11}}
get your dispatch for the battery.

{{00:00:14}}
That's what a battery

{{00:00:15}}
optimizer and autobidder does.

{{00:00:23}}
I'm Ross Atrill, I'm the

{{00:00:24}}
chief innovation officer

{{00:00:26}}
with Energy One Limited.

{{00:00:28}}
My role is varied but I'm very much

{{00:00:31}}
interested in ensuring that our

{{00:00:33}}
products and some extent our services

{{00:00:36}}
but particularly our products are

{{00:00:37}}
focused on the needs of the emerging

{{00:00:40}}
and the changing energy market.

{{00:00:50}}
So batteries are really

{{00:00:51}}
complicated devices.

{{00:00:52}}
You can get value from

{{00:00:54}}
them in all sorts of ways.

{{00:00:55}}
There's energy arbitrage,

{{00:00:56}}
there's frequency services that

{{00:00:58}}
you might be able to provide,

{{00:00:59}}
network support services.

{{00:01:01}}
And in order to get the most value out

{{00:01:03}}
of them, you've got to make decisions

{{00:01:05}}
around where am I going to get value

{{00:01:06}}
out of all those potential value streams

{{00:01:09}}
subject to a whole bunch of constraints.

{{00:01:11}}
You've got constraints around

{{00:01:11}}
the battery, constraints in the

{{00:01:13}}
market, constraints, contractual

{{00:01:15}}
or network services constraints.

{{00:01:17}}
You really need a very clever piece

{{00:01:19}}
of software that can take all of those

{{00:01:21}}
things into consideration and say

{{00:01:22}}
here is the optimal schedule that your

{{00:01:24}}
battery should be delivering on and

{{00:01:26}}
then convert that into an offer that's

{{00:01:27}}
then put into the market and then you

{{00:01:29}}
get your dispatch for the battery.

{{00:01:31}}
That's what a battery

{{00:01:32}}
optimizer and autobidder does.

{{00:01:33}}
And it's fundamental to operating

{{00:01:35}}
your battery in a way that's compliant

{{00:01:37}}
with the market rules that is

{{00:01:39}}
consistent with the constraints of

{{00:01:41}}
the battery and gets the most value

{{00:01:43}}
out of your battery in real time.

{{00:01:50}}
It's very much dependent on the

{{00:01:53}}
particular situation of your battery.

{{00:01:56}}
If you could just get a simple

{{00:01:57}}
battery that does plain, some people

{{00:01:59}}
might call it a merchant battery,

{{00:02:01}}
that's just doing energy arbitrage

{{00:02:02}}
and frequency control services.

{{00:02:05}}
Then we need to put in the constraints

{{00:02:06}}
of your battery, it's discharge

{{00:02:08}}
regime, it's fundamental power

{{00:02:11}}
limits and energy storage limits.

{{00:02:13}}
And the optimizer will work out how

{{00:02:15}}
to offer that or to schedule that

{{00:02:18}}
and then offer that into the market.

{{00:02:21}}
If you've got a more complicated

{{00:02:22}}
situation, you might have co

{{00:02:23}}
located solar or wind, you might

{{00:02:25}}
have a network support agreement,

{{00:02:27}}
but effectively provide additional

{{00:02:28}}
constraints on how the battery operates.

{{00:02:31}}
Again the intelligent optimization

{{00:02:34}}
software can take care of that

{{00:02:35}}
and work out the best schedule.

{{00:02:37}}
I think one of the very interesting

{{00:02:38}}
things to think about when

{{00:02:40}}
you're operating a battery is the

{{00:02:42}}
impact of cycling or charging and

{{00:02:44}}
discharging on degradation of the

{{00:02:47}}
battery, and having in place an

{{00:02:50}}
appropriate regime to trade off the

{{00:02:53}}
impact of charging and discharging

{{00:02:55}}
versus the degradation impacts.

{{00:02:57}}
Because in some days it may be worth

{{00:02:59}}
degrading the battery a little bit

{{00:03:00}}
more to get a lot more money out

{{00:03:02}}
of the energy arbitrage market.

{{00:03:11}}
So obviously with renewable energy,

{{00:03:13}}
there's a triangle if you like in terms

{{00:03:16}}
of the renewable energy transition of

{{00:03:17}}
generation, transmission and storage.

{{00:03:21}}
And new generation, wind and

{{00:03:24}}
solar and new transmission

{{00:03:26}}
lines take time to build.

{{00:03:28}}
There's the social license issues

{{00:03:30}}
and all the connection agreements

{{00:03:31}}
and the difficulties of adding more

{{00:03:33}}
and more generation, which we need as

{{00:03:35}}
the coal fire power stations retire.

{{00:03:38}}
So to supplement those two, we need

{{00:03:39}}
to really build up that third leg

{{00:03:41}}
of the triangle, which is storage.

{{00:03:43}}
And to get more storage into the

{{00:03:44}}
grid, it needs to be economic.

{{00:03:46}}
And the way to get batteries, to get

{{00:03:48}}
the most return out of batteries to

{{00:03:50}}
really justify their business case is to

{{00:03:52}}
trade them as effectively as possible.

{{00:03:54}}
And a good battery autobidder, a good

{{00:03:57}}
battery optimizer ensures that you're

{{00:03:59}}
getting the most return from the

{{00:04:00}}
battery that you've invested in and

{{00:04:02}}
no money is being left on the table.

{{00:04:10}}
So compliance is fundamental.

{{00:04:13}}
Nobody wants to be non compliant and

{{00:04:16}}
there's quite a bit to it, in terms

{{00:04:18}}
of scheduling a battery into the NEM.

{{00:04:20}}
You need to ensure that the availability

{{00:04:23}}
for the energy you're offering is

{{00:04:25}}
fair dinkum, that you can do it.

{{00:04:26}}
So for example, you need to take signals

{{00:04:28}}
from the battery management system.

{{00:04:30}}
You need to look at the state of charge.

{{00:04:32}}
If you've got no charge,

{{00:04:33}}
you can't generate.

{{00:04:34}}
And if you're at the limit

{{00:04:35}}
of your charge, if you're

{{00:04:36}}
full up, you can't load.

{{00:04:38}}
So that's an example of a

{{00:04:40}}
constraint you need to consider.

{{00:04:41}}
There are more sophisticated ones around

{{00:04:43}}
availability of generation and load.

{{00:04:45}}
Similar on the frequency control side.

{{00:04:47}}
If you're flat out generating, you

{{00:04:49}}
can't be offering raise services

{{00:04:51}}
into the frequency control market.

{{00:04:53}}
Our software takes care of all of

{{00:04:54}}
that automatically to ensure that you

{{00:04:56}}
are compliant with that aspect of the

{{00:04:58}}
rules and we also cover all the other

{{00:05:00}}
relevant, compliance considerations

{{00:05:03}}
that we can with, with battery

{{00:05:05}}
optimization and auto bidding software.

Energy and Battery

Expert Insight

Join Ross Attrill, Chief Innovation Officer at Energy One as he unveils the power of battery optimisation and autobidding, using cutting-edge software to guide batteries to their peak performance.