GridBeyond has signed a major contract with Gore Street Energy Storage Fund to provide energy optimisation services for the 200-megawatt (MW) Big Rock energy storage system in southern California.
The agreement will see GridBeyond act as the scheduling coordinator, providing trading and optimisation services for the asset.
The company’s AI-based Bid Optimiser, which was tested through a multi-month simulation, will be deployed to enhance returns in the California Independent System Operator (CAISO) market by aligning market price forecasts with simulations of battery storage, renewable, and thermal assets.
“As the California grid is becoming increasingly reliant on solar power, energy storage systems are essential to mitigate the intermittency of renewable generation,” GridBeyond said.
“The effective management of Gore Street Capital’s 200MW energy storage battery will be critical in storing excess solar energy during peak generation and releasing it during high -emand periods, reducing reliance on fossil fuels and supporting grid stability, while generating revenues.”
GridBeyond’s CAISO optimisation and proprietary must-offer strategy will also play a role in fulfilling the Big Rock Resource Adequacy contract, which was acquired by a Goldman Sachs subsidiary in October 2024.
Gore Street Capital CEO Alex O’Cinneide said the company remains focused on maximising returns across its portfolio.
“Gore Street is committed to achieving the very best returns for all of its assets under management,” he said. “We are therefore very pleased to have selected GridBeyond to partner with as Big Rock goes into operation and we move forward with the project,” he said.
GridBeyond President of North America Sean McEvoy said the deal demonstrates the company’s strength in energy storage optimisation.
“We are thrilled to partner with Gore Street Capital on this energy storage project,” McEvoy said.
“This deal highlights our commitment to advancing energy storage optimisation solutions and shows once again the accuracy of our AI-based solutions in delivering greater value for our customers, ensuring grid stability, and supporting decarbonisation goals.”
In line with its commitment to sustainability, GridBeyond is also exploring the use of public hourly emissions application programming interface (API) data to track and calculate the carbon impact of its bidding strategies, aiming to enhance transparency and contribute to measurable environmental benefits.
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