Monitoring BESS optimization performance
Large scale BESS asset owner would like to benchmark the revenues accrued by their third-party optimizer, to see if its potential is fully realized.
Read how KYOS Reflex gives a realistic, data-driven benchmark of their assets’ revenue potential.
Overview
As the share of renewable energy grows, electricity markets need more flexibility to maintain balance. Battery Energy Storage Systems (BESS) play a crucial role by providing short-term flexibility. To maximize their value, accurate optimization is essential.
The Challenge
Our client develops and operates large-scale BESS assets across Europe. Many of these assets are optimized by third-party trading companies under revenue-sharing agreements, where the client receives a percentage of the optimizer’s performance.
This model creates a critical need for independent performance benchmarking to ensure fair and competitive returns. The client asked KYOS to deliver a realistic, data-driven benchmark of their assets’ revenue potential.
The Solution
The client selected KYOS ReFlex, our real-time battery optimization platform. ReFlex uses advanced algorithmic trading strategies to optimize BESS assets across multiple markets, including day-ahead, continuous intraday, and aFRR.
To benchmark the client’s optimizers, we run ReFlex in shadow trading mode, creating a digital twin of the client’s assets and optimizing them against actual market prices in real time. This provides an accurate view of achievable revenues.
The client accesses results via the ReFlex dashboard, with real-time monitoring and detailed monthly reports featuring key performance KPIs. We also share our optimization methodology, giving the client full transparency and a solid basis for discussions with their optimizers.
With KYOS BESS benchmarking, the client gains confidence that their assets deliver market-standard revenues.
Our solution for energy storages: KyReflex
KYOS Reflex Platform is a Battery Energy Storage System (BESS) optimization software combining sophisticated algorithmic trading with real-world market dynamics to deliver realistic performance insights and revenue optimization for energy storage assets.
- Realistic Market Approach KYOS Reflex employs market-tested trading algorithms reflecting actual market conditions, optimized to run multiple iterations per minute, and therefore enabling it to respond swiftly to market fluctuations in the continuous intraday market.
- Asset-Backed Trading Every trading decision takes into account the physical state and constraints of specific BESS assets. Asset-backed trading allows additional value to be captured by the asset, on top of the more traditional ancillary services capacity markets, resulting in true revenue stacking.
- Multi-market strategies KYOS has a strategic partnership with FlexPowerHub, an AI platform fully dedicated to ancillary markets. As such, Reflex seamlessly integrates multiple revenue streams including wholesale market arbitrage and ancillary services.
- Complete Trading Transparency Every trade execution, market decision, and performance metric is fully transparent and auditable. Stakeholders can also access detailed reports and dashboard showing exactly how revenues were generated, which strategies performed best, and where opportunities for improvement exist.
