GridBeyond has signed a major contract with Gore Street Energy Storage Fund to provide scheduling coordinator, trading, and energy optimisation services for the 200MW Big Rock energy storage system in Southern California.
GridBeyond said its AI-based Bid Optimizer is key to achieving maximum returns in the CAISO market, as shown during a multi-month simulation with several optimisers. The Bid Optimizer aligns market price forecasts with simulations of battery storage, renewable and thermal assets to simplify decision-making while ensuring optimal bids that go beyond conventional trading strategies.
Much like in Australia, the Californian energy grid is increasingly powered by renewable sources such as solar, and energy storage systems play an essential role in mitigating the intermittency of renewable generation.
The effective management of Gore Street Capital’s 200MW energy storage battery will be critical in storing excess solar energy during peak generation and releasing it during high demand periods, reducing reliance on fossil fuels and supporting grid stability, while generating revenue.
GridBeyond’s CAISO optimisation and proprietary must-offer strategy will be a key component in fulfilling the Big Rock Resource Adequacy contract – acquired by a Goldman Sachs subsidiary in October 2024.
Gore Street Capital CEO, Alex O’Cinneide, said, “Gore Street is committed to achieving the very best returns for all of its assets under management. We are therefore very pleased to have selected GridBeyond to partner with as Big Rock goes into operation and we move forward with the project.”
GridBeyond President of North America, Sean McEvoy, said, “We are thrilled to partner with Gore Street Capital on this energy storage project.
“This deal highlights our commitment to advancing energy storage optimisation solutions and shows once again the accuracy of our AI-based solutions in delivering greater value for our customers ensuring grid stability, and supporting decarbonisation goals.”
In line with its mission to support sustainability, GridBeyond is also exploring the use of public hourly emissions API data to track and calculate the carbon impact of its bidding strategies, which will further enhance the transparency of its optimisation services and contribute to measurable environmental benefits.
The deal highlights the opportunities price forecasting tools presents in Australia, as energy storage continues to boom.
In January 2025, GridBeyond launched its new FCAS price forecasting service in the National Electricity Market, offering Australian customers a chance to dynamically optimise bidding strategies.
To learn more, visit https://gridbeyond.com/
