Sponsored Content by GridBeyond
As Australia’s energy transition accelerates, businesses participating in the National Electricity Market (NEM) are facing growing challenges in managing their energy assets efficiently.
Rising costs, increasingly complex market dynamics, and the shift towards decentralised renewable generation have heightened the need for advanced digital tools.
In response, GridBeyond has expanded its suite of solutions in Australia with the launch of Bid Optimiser and Designer, designed to help asset owners maximise revenues from battery storage systems and behind-the-meter resources while simplifying the complexities of energy trading.
Smarter decision-making with Bid Optimiser
At the core of GridBeyond’s new offering, the Bid Optimiser leverages a multi-layered artificial intelligence framework that combines physics-based battery modelling with adaptive market intelligence. This allows the platform to continuously evaluate opportunities across both energy and ancillary markets and select the most profitable strategies.
By accounting for operational constraints such as state of charge, efficiency, and warranty limits, GridBeyond said the system ensures that revenue opportunities are balanced with long-term asset performance.
Additionally, the cloud-based platform also enables users to customise trades, review trading history, and compare strategies against perfect foresight, providing transparency and control in decision-making.
“The launch of Bid Optimiser and Designer in Australia build on the foundation of our highly accurate Forecaster, with the objective of capturing maximum value and the back of our forecasting accuracy,” said Chris O’Brien, Country Manager of Australia at GridBeyond.
“The result is generating higher revenues for grid-connected BESS, or optimising value behind the meter for customers with large energy loads, energy storage or generation.”
Designer: planning for long-term value
GridBeyond’s new Designer tool complements the Bid Optimiser by focusing on the planning and analysis stages of energy projects.
It allows users to co-optimise project design and operations, taking into account both financial returns and broader objectives such as energy cost savings and carbon reduction.
According to GridBeyond, by simulating different participation strategies in real time markets, Designer provides asset owners with insights that can help them shape investment strategies and prepare for future market developments.
Building on forecasting expertise
The launch of Bid Optimiser and Designer follows the rollout of GridBeyond’s Forecaster earlier this year, a solution widely recognised for its forecasting accuracy in the Australian market.
GridBeyond stated that, combined, these tools provide a complete suite that allows customers to assess trading scenarios, measure potential value, and simplify market participation.
O’Brien added, “These products demonstrate our deep expertise in delivering intelligent, performance-driven solutions globally and our commitment to help Australian businesses add value through innovation.”
To explore GridBeyond’s software solutions in more detail, download the whitepaper titled “Understanding the Decline in FCAS Prices.”
The content of this article is based on information supplied by GridBeyond. This information is general in nature and has been prepared without taking your personal/ professional/business objectives, circumstances and needs into account. You should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice. Consider the terms and conditions for the product before making any decision.
