Irish headquartered smart energy company GridBeyond announced on Wednesday the Australian launch of its frequency control ancillary services auto-rebidder which it has designed to meet the needs of the Australian market.
GridBeyond’s FCAS Auto-rebidder integrates the company’s advanced hardware and software solutions and automates the real-time bidding process for dynamic loads in the FCAS market.
It is expected that GridBeyond’s Auto-rebidder will help optimise the bidding strategy for customers with large and dynamics loads such as for metals production.
When applied to a metal furnace, for example, FCAS Auto-rebidder incorporates real-time signals from the operation and is able to determine the stage of the melt process which in turn allows the Auto-rebidder to determine if there will be a change in load in the upcoming 5-minute interval of the FCAS market.
If the melt process is expected to complete before the end of the upcoming 5-minute interval, the Auto-rebidder is presented with an opportunity to bid out of the market and disarm the controller of the furnace.
According to GridBeyond, “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.”
“In Australia, the shift from fossil fuels towards renewable energy, has strengthened the case for demand flexibility,” said Lisa Balk, sales director for GridBeyond Australia.
“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.”
