The software uses artificial intelligence to calculate the best price for the plant operators to offer their services on bidding platforms, based on forecasting parameters such as weather, demand, and supply over a 24-hour period. This enables operators to optimize their financial returns across their portfolios of power generation plants and storage systems.
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Fluence IQ also reduces the amount of manual input needed at the control centres to keep the plants running at optimum levels. For the intelligence of this AI-powered software-as-a-service project that relies on existing grids, the jury of the 2022 The smarter E Award lauded Fluence Energy – and awarded it with the first price in this category. Moreover, high potential is seen for boosting storage integration into the grid, especially in the context of electric mobility. (mfo)
