Battery management technology provider ION Energy recently bagged a contract to manage 581 MWh of battery storage projects for esVolta, a global utility-scale energy storage company.
As per the agreement between the two companies, ION Energy's battery analytics platform, Edison Analytics, will be deployed across esVolta’s entire portfolio of battery energy storage projects in North America. esVolta currently has a contracted portfolio of 581 MWh of energy storage projects, in addition to a further pipeline of over 2,000 MWh.
"Edison Analytics helps us keep an eye on the operational and financial performance of our portfolio,” said Randolph Mann, President of esVolta. “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."
Edison Analytics combines ION Energy's expertise in batteries with data analytics and cloud computing. The platform helps improve the operational efficiency of battery energy storage systems (BESS) by reducing battery degradation, maximizing energy trading revenues, and enhancing the overall reliability of the project.
As part of a pilot study, Edison Analytics worked with the esVolta team on improving the efficiency at the Millikan BESS project - a 8 MWh battery system located in Irvine, California. Using the data from the site, Edison Analytics was able to simulate the number of cycles the batteries could safely undertake per day without excessive degradation.
Based on the pilot study, ION Energy estimates a savings of INR 3,00,00,000 annually for esVolta by reducing excess battery degradation through improved heating and discharge management. On seeing the success of the pilot study, esVolta has decided to deploy Edison Analytics across their entire portfolio of energy storage systems across 10 locations in North America.
"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,” said Akhil Aryan, CEO & Co-founder, ION Energy commenting on the landmark deal.