Storage Bid Optimization That Maximizes Risk-Adjusted Revenue
Maximizing revenue and minimizing risk for storage assets involves hundreds of intricate decisions all day, every day. Ascend enables storage owners and operators to capture maximum value in day-ahead and real-time energy markets.
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20+%
Improvement Over TBX Strategies
5+ GW
Storage Assets Under Management
20+%
Of ERCOT BESS Use Ascend’s SmartBidder
The Leading Bid Optimization Platform
Because battery energy storage assets operate across day-ahead, real-time, and ancillary service markets simultaneously, maximizing value requires more than a static strategy. Ascend’s SmartBidder allows asset owners and operators to create and use custom, risk-adjusted bidding strategies that optimize bids dynamically, adapting to market conditions as they change.
AI-Assisted Multi-Model Approach
- Accounts for absolute forecasts, probabilistic forecasts, nodal price dynamics, and physical constraints
Real-Time Adaptability
- Hourly rolling forecast updates enable storage assets to capture short-duration price spikes
Full-Spectrum Co-Optimization
- Day-ahead energy, real-time energy, and ancillary services optimized together, all with access to expert Ascend support
Flexible Configuration Control
- Unparalleled customization with 150+ optimization parameters, override capabilities, tailored risk profiles
Bid Optimization Expertise That Simplifies Complexity
On a sub-hourly basis, BESS asset managers must evaluate short-term forecasts, account for asset constraints, understand market rules, make participation decisions, address risks, and account for the multitude of factors that drive price differences in order to optimally clear into the right products at the right time. Ascend delivers automated, risk-calibrated solutions, allowing IPPs, utilities, and developers to build and refine high-performing bid and dispatch strategies in complex power markets.
Dynamic Re-Optimization
Rolling hourly forecast updates, coupled with intra-hour bid updates in ERCOT, allow assets to capture incremental revenue from short-duration real-time price spikes that static strategies miss
Dynamic Re-Optimization
Rolling hourly forecast updates, coupled with intra-hour bid updates in ERCOT, allow assets to capture incremental revenue from short-duration real-time price spikes that static strategies miss
Ancillary Service Co-Optimization
In ERCOT, five distinct ancillary service products are co-optimized simultaneously along with energy, allowing operators the chance to clear into the most valuable products in each hour
Ancillary Service Co-Optimization
In ERCOT, five distinct ancillary service products are co-optimized simultaneously along with energy, allowing operators the chance to clear into the most valuable products in each hour
Custom Strategy Deployment
Node-specific, asset-specific strategies are deployed and continuously refined with ongoing Ascend support included
Custom Strategy Deployment
Node-specific, asset-specific strategies are deployed and continuously refined with ongoing Ascend support included
Multi-Strategy Testing
Users can define, deploy, and compare multiple bidding strategies based on risk appetite, market participation objectives, and physical warranty constraints
Multi-Strategy Testing
Users can define, deploy, and compare multiple bidding strategies based on risk appetite, market participation objectives, and physical warranty constraints
Automated ISO Integration
SmartBidder automates nodal price forecasting, bid and award harvesting from ISOs, and state-of-charge management, with pre-configured API integrations with leading EMS, QSE, and SC providers
Automated ISO Integration
SmartBidder automates nodal price forecasting, bid and award harvesting from ISOs, and state-of-charge management, with pre-configured API integrations with leading EMS, QSE, and SC providers
Portfolio Management
Optimization scales from a single asset to a growing fleet, with reporting and automation tools built to support portfolio-level operations
Portfolio Management
Optimization scales from a single asset to a growing fleet, with reporting and automation tools built to support portfolio-level operations
Training and Advisory Support
Training and implementation support for all new projects; access to dedicated analyst staff for trading advice, strategy refinement, and market rule change adaptation
Training and Advisory Support
Training and implementation support for all new projects; access to dedicated analyst staff for trading advice, strategy refinement, and market rule change adaptation
Performance
SmartBidder strategies achieve 50%+ improvement over market average performance in CAISO and 20% over ERCOT averages, with top-performing strategies generating 10%-30% more revenue than TB4 in CAISO
Trusted
With 5+ GW under management across ERCOT, CAISO, and PJM and more than 30 customers, SmartBidder is the market leader in third-party energy storage optimization
Accuracy
An integrated suite of probabilistic and AI-assisted price forecast and prediction models deliver market-leading accuracy to support SmartBidder’s opportunity cost-based bidding framework
Flexibility
Customers can integrate their own models and analytics into SmartBidder, deploy custom bidding strategies and fine-tune parameters directly in the UI, or rely entirely on Ascend to manage bidding strategies, with user override capabilities at any time
Integration
Established RESTful API integrations with leading EMS, QSE, and scheduler providers eliminate technical friction from bid submission, award harvesting, and data management
Storage Bid Optimization: The Ascend Advantage
Learn MoreWho Ascend Analytics Helps
Storage owners and operators rely on SmartBidder’s risk-adjusted recommendations, combined with in-depth data and performance reporting, to define, deploy, and track multiple strategies based on risk and strategic objectives.
Day-ahead and real-time bid optimization and scheduling software for storage, renewable, and hybrid assets that yields up to 100% increase over traditional strategies
Day-ahead and real-time bid optimization and scheduling software for storage, renewable, and hybrid assets that yields up to 100% increase over traditional strategies
Portfolio-level bid management across ISOs, custom strategy development, and continuous performance benchmarking to maximize merchant revenue
Portfolio-level bid management across ISOs, custom strategy development, and continuous performance benchmarking to maximize merchant revenue
Automated bid optimization for storage fleets, ancillary service co-optimization, and risk-adjusted dispatch strategies for asset managers
Automated bid optimization for storage fleets, ancillary service co-optimization, and risk-adjusted dispatch strategies for asset managers
Key Resources
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Storage's Moment: Capacity Markets in Transition
This publication is the fourth in a series from Ascend Analytics that considers the implications of rapid load growth on US capacity markets, high capacity prices as the new normal, the risks that new realities create for business-as-usual strategies, and the opportunities that this paradigm shift enables for well-planned new entry resources.
