Post: GridBeyond launches FCAS Auto-rebidder in Australia

GridBeyond launches FCAS Auto-rebidder in Australia

The launch of FCAS Auto-rebidder confirms GridBeyond’s expertise and constant search for the delivery of the best solutions in the market

GridBeyond, a global smart energy company, has announced the launch of its latest innovation, the FCAS (Frequency Control Ancillary Services) Auto-rebidder.  This product is the result of the integration of GridBeyond’s advanced hardware and software solutions and represents a significant milestone in enhancing the company competitive edge providing superior value to its customers. 

The FCAS Auto-rebidder has been specifically designed to meet the needs of the Australian market. By combining sophisticated hardware control with backend software algorithms, this solution automates the real-time bidding process for dynamic loads in the FCAS market (a real-time, 5-minute market). This enhanced capability will allow GridBeyond to optimise the bidding strategy for customers with large, dynamic loads, such as metals companies, leading to a significant increase in their revenue. 

For example, applied to a metal furnace, FCAS Auto-rebidder takes real-time signals from the operation and determines the stage of the melt process. Knowing the state of the melt process, allows it to determine if there is going to be a change in load in the upcoming 5-minute period. If the melt process will end before the end of the upcoming 5-minute period, there is an opportunity to bid out of market and disarm the controller on the furnace.  This is very useful for spikey loads, as a demonstration for the metal industry, to maximize the number of trading periods that they are in market for. 

“We are very proud to have delivered this new product on the market. It is the result of months of dedicated effort and collaboration across multiple teams, including the Control & Grid Services team, Customer Operations, and the Embedded Systems team, who worked closely with the customer to develop a robust end-to-end automated bidding system. 

The innovation represented by the FCAS Auto-rebidder is a key differentiator in the market, setting GridBeyond apart from other aggregators and demonstrating its unique ability to apply technological sophistication and expertise to address challenging technical problems to deliver increased revenue to GridBeyond’s customers in any market” said Donal Murray Senior Product Manager at Gridbeyond. 

“In Australia, the shift from fossil fuels towards renewable energy, has strengthen the case for demand flexibility. We are extremely proud to have delivered the FCAS Auto- rebidder. which will support the flexible energy market in Australia and will provide additional revenues to customers while supporting the decarbonisation of the grid. Once again we have shown how continuous innovation is at the core of our business thanks to our engineers and developers we have delivered on the market a product that substantially differentiate us from other competitors” commented Lisa Balk, Sales Director, GridBeyond Australia. 

What is FCAS 
 FCAS refer to functions that help grid operators maintain a reliable electricity system. They keep the proper flow and direction of electricity, address imbalances between supply and demand, and help the system recover after a power system event. Ancillary services include a wide variety of efficiency and safety nets, all focussed on ensuring the power system delivers enough output to meet demand yet remains stable.  

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For further information or for arranging interviews please contact: 

Gabriella Di Salvo,  

Global Head of Communications, GridBeyond 

E: pressoffice@gridbeyond.com 

About GridBeyond 

GridBeyond began commercially trading in 2010 and is home to the world’s first hybrid battery and demand network. Now a global player in the energy transition, GridBeyond provides a powerful combination of technological excellence, consultative approach and unrivalled expertise that enables its partners and clients have future-proof access to energy services, while supporting the wider electricity grid integrate more volatile renewables and make the leap to a greener future. All without impacting operations.

GridBeyond delivers energy services, new revenues, enhanced savings, strengthened operations and sustainability to over 400 I&C sites worldwide, including some of the planet’s best-loved brands.

Visit www.gridbeyond.com