- ION Energy will be deploying Edison Analytics across esVolta’s entire portfolio of battery energy storage projects in North America
- It’s over four times the current deployment of Tesla Megapack Batteries in Australia
- Edison Analytics estimates savings of $450,000 annually for esVolta by reducing excess battery degradation
esVolta has selected ION Energy to improve the operational efficiency of its utility scale battery energy storage projects, in one of the largest such deals in the world. Under the partnership, ION Energy’s battery analytics platform, Edison Analytics, will be deployed across esVolta’s entire portfolio of battery energy storage projects in North America, totaling to 581 MWh of energy storage.
“Battery storage is an emerging technology that is becoming an indispensable component in the energy market and will help generate renewable power on a much larger scale. We are elated to have partnered with esVolta and demonstrate Edison’s capability to improve the profitability of BESS. This partnership has offered us immense potential to grow and deliver the best solution in all the markets we serve. It bolsters our core offering and defines our leadership in the battery analytics space,” said Akhil Aryan, CEO & co-founder, ION Energy on this landmark deal.
Battery analytics platform
ION Energy will be deploying Edison Analytics across esVolta’s entire portfolio of battery energy storage projects in North America. Unlike generic platforms, Edison , as per the company, is designed to improve operational efficiency of battery energy storage systems (BESS) by reducing battery degradation and maximizing energy trading revenues.
All batteries undergo ageing which reduces their capacity to supply energy to the grid, resulting in a decline in dispatch revenues for battery operators. Some ageing in batteries is cyclical and normal, however, abnormal ageing is detrimental to battery health and affects the profitability and reliability of the project. Edison Analytics analyzes battery data and identifies the causes of abnormal degradation of the batteries. It simulates the batteries’ operational performance and suggests charging/discharging schedules that will result in minimum degradation of the batteries.
“Edison Analytics helps us keep an eye on the operational and financial performance of our portfolio. While scaling up, we felt the need for a data analytics platform that was developed, keeping the needs of a BESS business in mind, and that’s where Edison fit in perfectly,” noted Randolph Mann, President of esVolta.
Based on the pilot study, Edison Analytics estimates savings of $450,000 annually for esVolta by reducing excess battery degradation through improved heating and discharge management. Seeing value in the platform, esVolta has decided to deploy Edison Analytics across their entire portfolio of energy storage systems across 10 locations in North America.
Lizette Moses, director of Asset Management at esVolta, said, “We initially didn’t see a need for complex analytics, but the business needs are changing. Not only is it important to optimize our bidding strategies, we need the ability to do so while protecting the health of our batteries. Edison helps us achieve this by simulating battery health under different dispatch conditions.”