The growing number of solar and wind farms, along with the increasing demand for electricity, is making the energy system more complex and unpredictable. The path towards a greener and more decentralized energy system brings about complexities in prediction and management.
Battery storage systems can help stabilize the grid by providing flexibility and responding to frequency fluctuations. As a solution to this, Entrix GmbH has developed an optimization and trading platform for grid-scale batteries. Entrix steps in to enhance the marketing of these flexible capacities of battery storage systems throughout their entire life cycle.
Utilizing AI-based algorithms, the system is optimized to maximize return on investment over its lifespan, factoring in the distinct characteristics of the project hardware. Through this method, Entrix determines the optimal combination of revenue streams for each case, enabling efficient management of the evolving energy landscape. The solution was the finalist for the EM-Power AWARD 2023.
The text is an excerpt from TaiyangNews New Solar Products Overview H1/2023, which can be downloaded for free here.