GridBeyond, a company specializing in energy asset optimization, has started operations at the Big Rock battery storage system, a 200 MW/400 MWh infrastructure that will supply nearly 200,000 homes during peak demand hours.
The installation of the 200 MW storage system
Big Rock has established itself as one of the state’s most important energy resources, with the capacity to cover up to 40% of the state’s regulatory service requirements at certain times, according to CAISO data. This facility represents the largest capacity asset managed by Gore Street Capital, an international fund that has bet on energy infrastructure as a vehicle for profitability.
[post_relacionado]The company GridBeyond has been selected to lead the commercial optimization of the system through its artificial intelligence platform. Its Bid Optimizer provides market price forecasts with real-time simulations of battery behavior, generating CAISO market share strategies that maximize return on investment.
The facility operates under a 12-year Resource Adequacy(RA) contract with an affiliate of Goldman Sachs, which secures revenues of more than US$165 million during that period. This agreement ensures financial stability, while allowing the plant to access ancillary services and energy arbitrage revenues on the open market.
The Big Rock project is part of a global strategy for GridBeyond, which has begun operations in Japan and is preparing to expand its presence in Texas through new projects. With teams spread across multiple time zones and profiles that include engineering, regulatory analysis and data science, the company reinforces its position as a key player in the transition to smarter and more flexible power grids.
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Source and photo: GridBeyond