Performance Manager: improve BESS performance & secure revenue

June 17, 2024

In this article, we discuss how the new TWAICE Performance Manager helps asset managers to proactively fix issues with underperforming system components, reducing revenue loss. This means they ensure maximum possible availability for their asset with minimal manual effort.

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Improve BESS performance & secure revenue with the TWAICE Performance Manager

Battery Energy Storage Systems (BESS) have emerged as a game-changer in an era where the energy landscape is rapidly evolving, offering unparalleled opportunities to capitalize on the dynamic energy markets. These systems not only enhance the integration of renewable energy sources but also provide critical services such as energy arbitrage or frequency regulation that can turn fluctuations in energy demand into lucrative business prospects.

 Ensuring high BESS availability and performance is essential for unlocking multiple revenue streams in today's competitive energy sector and maximizing the opportunities of the energy market. However, multiple challenges stand in the way of a successful business case. The volatility of the energy market, significantly influenced by weather conditions, poses substantial challenges. Renewable energy sources like solar and wind, which are heavily dependent on weather patterns, can lead to unpredictable and fluctuating energy production. A recent analysis by Modo Energy showed that in 2023, in the ERCOT (Electric Reliability Council of Texas) market, 50% of revenue was made in just 13 days, all of which were during the summer months.

 Performance issues within the BESS, such as cell imbalances, can significantly hinder the ability of asset owners to capitalize on energy market opportunities, as they limit the amount of energy that can be charged and discharged. If one individual cell is only able to charge to, for example, 60%, this limits the performance of all other cells in the string. (Read this whitepaper for more detail about cell imbalances). If the system is experiencing problems with availability or performance on potentially high revenue days, the asset owners will leave considerable amounts of money on the table. However, pinpointing the root cause quickly and efficiently without the right tools is near-to impossible.

 In this article, we discuss how the TWAICE Performance Manager helps asset owners to address these challenges head on, ensuring that energy storage assets are not only reliable and efficient but also a significant source of revenue in the ever-evolving energy landscape.

Stop guessing, start optimizing

The Performance Manager provides asset managers and engineers information to improve system availability & performance all in one glance, meaning they ensure maximum possible performance for their asset, so it meets revenue expectations with minimal manual effort. This is a much quicker and safer solution than spending hours on data analysis or relying on systems that do not provide the necessary level of granularity to pinpoint the specific underperforming component.

The Performance Manager focuses on two central elements that cause underperforming components: cell imbalances & thermal management.

Download the full article and find out how the Performance Manager can help you to:

  • Pinpoint underperforming components without manual effort
  • Get granular insights into system availability issues
  • Proactively improve system performance and availability
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