About the tool

In an increasingly competitive and fast-moving storage market, the tool provides for quick evaluation of numerous scenarios to evaluate sizing options and quickly assess up-side and down-side cases, allowing for a deeper understanding on how revenues shift with evolving market scenarios. This rigor allows you to strengthen your project’s strategic positioning, provide certainty to investors, and to improve and benchmark operations when projects go live.  The tool evaluates the optimal value of a site’s generation derived from a combination of market prices, battery performance, renewable production, and ancillary service requirements. A project’s financial success depends on the right balance of those factors at any given time.

Features

• Maximize the revenue of storage or hybrid assets
  
  Whether you’re using built-in industry-standard technical data or your own financial market projections, Hybrid Energy Resource Optimizer can form full cash-flow projections. The analysis parameters are highly customizable to allow users to assess financial feasibility under different assumptions for equipment cost, operating strategies, debt amortization, and incentives.
  
  
• Thorough market regulation representation
  
  Each independent system operator (ISO) in North America has distinctive regulations governing battery resource bidding, market clearing, dispatch, and settlement. Hybrid Energy Resource Optimizer embeds regulatory and participation mechanisms for each ISO: CAISO, ERCOT, NYISO, PJM, MISO, SPP, ISONE, IESO, AESO.
  
  
• Robust technical understanding
  
  Hybrid Energy Resource Optimizer explicitly considers a detailed technical model including technical and loss tree parameters of renewable and storage systems. Renewable production profiles created by off-the-shelf modeling tools can be used as direct inputs. ITC requirements, interconnection constraints, battery warranty and capacity maintenance strategies, and market price models are all embedded and configurable within the platform.
  
  
• Reduce complexity and uncertainty with our advanced modeling methodology
  
  Hybrid Energy Resource Optimizer provides a revenue assessment based on the results of bottom-up operational strategies, calculating dispatch on a daily look-ahead basis. It can help to maximize income potential by evaluating an iterative bidding strategy, while ensuring compliance with battery cycling, throughput limits and exogenous regulatory and contractual requirements.

The tool is currently available for North American clients only. We will be offering more regions throughout 2022.