Tyba

Making money with your #BESS when prices are always negative… ?? It is no secret that the past few weeks in ERCOT have been strange. We’ve seen negative prices nearly every day – and for extended periods of time. On March 17th, #ERCOT’s West LZ experienced sub-zero pricing from 6:45am onward. Earlier this month, we shared the launch of Dynamic PQ Bidding. This methodology is uniquely equipped to capture revenue – even in this unique scenario. How it played out: ?? Discharged the asset from ~7:00-9:15 when prices ranged from $8 to -$4. In this scenario, the strategy was to empty the battery so we were able to charge when prices dropped even further into the negatives later on.? ?? Prices then fell off a cliff, bottoming out around -$35 and stayed below -$20 for the rest of the day ?? We charged back up in the late morning and early evening which, given the negative prices, was revenue generating. All in all, this captured an average spread of ~$31/MWh, well above the VOM for this asset and almost entirely in the negative price range! And, we aren’t even factoring in the upside from round-trip efficiency losses. When you charge in negative prices, you are effectively getting paid for the capacity lost in transit ??

We’re gearing up for @Energy Storage Summit USA next week ?? Our co-founder, Tom Thunell, will be speaking on the panel “The Future of Grid-Scale Portfolios: Battery Economics, Political Updates and the Power Market” alongside esVolta, LP, Spearmint Energy, MN8 Energy, Lori Cobos, and Hodgson Russ LLP. He’ll be sharing insights on how market shifts, policy changes, and evolving economics are shaping the future of asset optimization. We’re looking forward to connecting with other #energystorage enthusiasts, sharing insights, and learning from others who are leading the charge ?? ? in ensuring batteries deliver strong, sustainable returns while supporting reliable grid decarbonization. Let us know if you’ll be in Dallas! #storagesummit

"The fundamental value proposition of energy storage — balancing renewable generation, providing grid services and enhancing project returns — remains strong. Companies will likely find new ways to make projects work, whether that’s through innovative financing, state incentive programmes, or more advanced revenue optimisation strategies.” Tom Thunell?shared perspective with?Energy-Storage.news?on how the #energystorage industry will continue to evolve to ensure we can power our people and businesses — even as policy dynamics shift.

Our co-founder Tom Thunell connected with Energy-Storage.news to discuss the outlook for #energystorage in 2025 ?? ? ?He shares insight into the growing need for storage to meeting increasing electricity demand, stabilize the grid, and improve project profitability -- as well as some upcoming energy market changes we are have our eye on. He'll be going into more detail on all of these next week at Energy Storage Summit USA in Dallas, where he is speaking on the "The Future of Grid-Scale Portfolios" panel. Reach out if you'll be in town!

December 2024 was a generally uneventful month in #ERCOT. On average, storage assets made $1.18/kW, and captured 33% percent of the Real-Time Energy (RT) TB2. While the top 10 revenue generators made 81% of their total revenue from RT, the story isn’t so cut and dry. These assets only captured, on average, 51% of the RT TB2 – meaning they left a significant amount of the available revenue opportunity on the table. #energystorage assets that operated best, as defined by capturing the highest percent of available opportunity (percent of TB2 captured), we see executed more balanced strategies - incorporating Day-Ahead Energy and Ancillary Services. We break down how storage assets operated throughout the month and analyze the one high revenue day (December 14th) to uncover what worked — and what didn’t.

Meet Tyba’s Product Engineering team! Their mission: Deliver a straightforward and impactful #platform, so that our customers can quickly glean insights and implement their operating strategy. We build each product to be as simple or as detailed as users need — stay on the surface for effortless use, or peel back the layers to access more advanced controls and nuance. How they do this: ?? Seamlessly visualizing market obligations and illustrating their impact on the battery’s dispatch plan??? ?? Clearly showcasing Dynamic PQ Bidding so that customers capture/understand the incremental revenue they unlock ?? Enabling customers to visualize how their dispatch plan evolved over the course of the operating day to take advantage of fast-changing market conditions ?? Incorporating intuitive override fields directly into the platform so hands-on trading teams can adjust their operating strategy if desired The team is looking to take our product to the next level by: ?? Expanding access to our data catalog, ensuring that the insights users want are always available ?? Allowing customers to build the performance visualizations that matter most for their business ?? Working closely with our Modeling & Optimization Team to expose more #battery configurations to our customers Sounds interesting to you? We’re #hiring! Reach out to learn more.

Capturing the highest highs and lowest lows with your #energystorage asset ?? When energy prices are erratic — rising and falling frequently within a short window without any sustained spikes or dips – Dynamic PQ Bidding is uniquely able to identify if there will be a price spread large enough to justify cycling the asset. It also helps ensure you charge into the lowest priced intervals, and discharge into the highest. On February 10th, Real-Time (RT) Energy prices oscillated up and down throughout the afternoon, while remaining within a ~$50 range. Our optimizer was able to charge the most at the very lowest priced intervals, and discharge at the day’s peak to maximize revenue generation.

With an increasing amount of #energystorage revenue tied to energy arbitrage, asset operators need to consistently be able to charge at the lowest prices, and discharge at the highest. Given how irregular and unpredictable prices can be… this isn’t always simple. To help operators maximize revenue in real time, Tyba recently rolled out Dynamic Price-Quantity (PQ) Bidding — an advanced algorithm that enables assets to sell the most capacity into the highest peaks, and charge into the lowest troughs. How it works:? This approach figures out how much capacity we are willing to commit at given price levels. Instead of committing fixed quantities, the optimizer places multiple bids at different price levels for each interval factoring in forward looking buy/sell opportunities and? adhering to all physical and market constraints. ?? Example: Discharge 30MW if prices are $50-100, 60MW from $101-$500, and 100MW if prices exceed $501. With Dynamic PQ Bidding, #batteries can achieve higher revenue outcomes and gain downside protection as price becomes the determinant of how much capacity you buy or sell at any point. More details on the methodology + four examples from real operating here.??

Meet Tyba’s Modeling & Optimization team! Successful #energystorage operations requires more than just market access. Nuanced forecasts and advanced optimization #software are key to executing more complex, performance-maximizing strategies. Our Modeling & Optimization team works on building and improving these models every day. Their mission? To make sure our customers’ batteries make the best possible decisions incorporating up-to-date information, while adhering to all wholesale market rules and physical asset constraints. They make this a reality through:? ? Forecasting: Leveraging grid information and weather data to create probabilistically calibrated, node-level price forecasts. ?? Optimization Modeling: Mathematical models that intake the most recent forecasts, and account for all market rules and physical project/battery constraints to configure and execute a revenue maximizing operating strategy. ?? High-Performance Software: Build efficient systems that bring it all together — powering our live 24/7 decision-making platform. The best part? The team is growing! Check out our careers page for details on the open roles.?

When assessing storage asset performance, how do you know what good looks like? Total revenue doesn’t tell the full story. An asset at a highly volatile node might see high earnings just by being in the right place at the right time, while another asset at a less volatile node may be optimizing exceptionally well but working with smaller price spreads. One way to benchmark performance is by looking at the % of TB2 captured — or the percent of total revenue opportunity an asset actually realized. ?? If an asset captures a high % of the TB2, it means it effectively optimized its available capacity. For those with >100% it means intra-hour and cross-product maximization. ?? If an asset captures a low % of the TB2, it likely left value on the table. Ability to maximize the revenue opportunity is most telling of optimal operations. #energystorage #ERCOT