The investment enhances the capabilities of Fortescue’s battery intelligence software, Elysia, by combining its existing industry leading cloud-based products, with on-site systems for battery electric storage.
For BESS customers, this unlocks a powerful combination of cloud analytics paired with real-time on-premises controls to maximise trading revenue, asset lifetime, and safety. This creates one of the fastest-growing enterprises in battery intelligence, purpose-built to serve the world’s leading grid-scale storage operators.
Elysia Manager Director, Tim Engstrom, said, “The acquisition of Zitara will expand the capabilities of our battery intelligence division, bringing together world-class cloud analytics with real time on-premises controls, complimenting the existing work of Elysia and strengthening our position in the Battery Energy Storage market.”
“Integrating real time on-site control systems with Elysia’s proven analytics gives us a unique, globally scalable platform. This positions Fortescue at the cutting edge of battery intelligence and supports our mission to accelerate decarbonisation across industry profitably,” Engstrom said.
Fortescue will be among the first globally to take advantage of the full suite of battery intelligence offerings through live deployment on its large-scale BESS installations in the Pilbara, Australia. The company is rolling out 4-5 GWh of storage systems that will be required to provide critical grid stability to decarbonise its iron ore operations by 2030.
The deal also further builds on Fortescue’s presence in key global BESS markets, including the United States of America, Australia, and Europe, regions expected to more than double to over 500 GWh combined in the next five years.
Elysia is at the forefront of the battery intelligence sector, developing products to unlock untapped battery potential and overcome real-world challenges that will ultimately help accelerate industrial decarbonisation globally.
The solutions created by Zitara augment this, through the delivery of an integrated battery intelligence product offering that maximises the performance and return on investment of BESS assets whilst creating new opportunities to unlock and fast-track R&D in green energy technologies.
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