The collaboration will accelerate the rollout of batteries for Acacia Energy’s commercial and industrial (C&I) customers and small-scale renewable energy developers and support their participation in the NEM.
Under this partnership, Acacia Energy will resell OptiGrid’s OptiBidder platform which has AI-powered forecasting and optimisation algorithms that optimise the operations of batteries to maximise the revenue for Acacia Energy’s C&I and grid-connected battery customers in the NEM.
This partnership demonstrates how OptiGrid and Acacia Energy can collaborate to deliver sophisticated optimisation and bidding services for C&I and grid-connected batteries on the NEM in the same manner that has historically only been available to large-scale renewable energy developers.
Sahand Karimi, CEO of OptiGrid said, “Our partnership with Acacia Energy is a step forward in demonstrating how we’re making battery optimisation and trading intelligence more accessible to asset owners, developers and operators.”
“Australia’s distribution networks are full of battery development potential. With greater value capture and smarter optimisation, the C&I and sub-5 MW segments stand out as a major opportunity.”
“Working with Acacia Energy means we can support distributed battery developers and commercial customers to provide them with the insight and performance they need to invest confidently in batteries and accelerate Australia’s clean energy transition.”
Stephen Thomson, CEO of Acacia Energy said, “Commercial businesses and small-scale renewables developers need certainty that their investment in batteries will deliver financial returns. OptiGrid maximises that value to our customers by being the best forecasting and optimisation platform that is built for the National Electricity Market.”
“Some of the largest energy users in Australia, such as cold storage, agriculture and manufacturing customers, are under significant pressure to reduce their operating costs in the face of high power prices. By investing in batteries and rooftop solar, they can use energy stored for their day-to-day operations and trade any excess energy with the wholesale market.”
OptiGrid has a rapidly growing portfolio with more than 70 MW of battery and hybrid projects added in the past six months. Based in South Australia, OptiGrid’s investors include the IP Group, Clean Energy Finance Corporation, HostPlus, UNSW, University of Adelaide and Energy Lab.
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