Using GridSME's eStorm tool, our clients are able to model and quantify battery storage operations and revenue results from wholesale electricity markets. Whether you are developing a standalone storage or generation+storage (e.g., PV+storage) project, eStorm models a storage project using a market-simulated approach whereby the storage project acts as a resource in wholesale energy and ancillary service markets interval-by-interval (i.e., 5MM granularity), just as it will during actual operations. In the eStorm model, the storage resource submits bids based on opportunity cost and state-of-charge (SOC) information known to the storage resource at the time of bidding and without the benefit of hindsight bias. Because eStorm does not incorporate a hindsight bias, it does not require the model’s user to discount storage revenue stream results in the project's financial model, allowing you to maximize project returns and reduce capital costs.
Interested in trying eStorm for your project? Download and complete the eStorm Project Information Sheet. Send the completed file to customerservice@gridsme.com and we'll send you a quote.
timeline

Market-Based Modeling

  • A summary of annual operations and revenue results by year
  • Annual energy arbitrage revenue broken down by day-ahead market (DAM), fifteen-minute market (FMM), and five-minute market (5MM)
  • Annual ancillary service revenue broken down by Spinning Reserves, Regulation Up, and Regulation Down
  • Detailed battery operation details (e.g., charge, discharge, SOC, number of cycles, and degradation) at the five-minute interval level for the entire forecast period for the standalone-storage or solar+storage system.