Merchant Storage Projects – Balancing Bidding Strategy with Storage Health

Energy storage deployments are growing at breakneck speed, with a 93% year-over-year increase in megawatt-hours deployed as of Q3 2019 and a forecasted 8x increase in market value by 2024. While growth is consistent across all sectors, the utility scale segment is expected to be the largest in capacity and dollar value over the next five years.

With wholesale markets opening as a result of FERC Order 841, many projects are now looking to capture significant portions of their revenue through bidding and dispatching into capacity, energy, and ancillary service markets. Maximizing revenue in these wholesale markets relies on continuously managing the tradeoff between earning revenue in the near term and managing capacity degradation over the life of the project.

Catalyzing IoT Innovation to Transform Communities

Itron’s Smart Community Challenge is calling on the world's leading IoT technology providers and problem solvers to develop innovative technology solutions to the most critical challenges facing utilities and the communities they serve. Sponsoring utilities have designed open innovation challenges to enhance resiliency and accelerate electric vehicle adoption.