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BESS & Hydro Power Plants Trading Optimization

  • Price forecasting: nodal, LMP, zonal & trading hub.
  • Bidding & Trading optimization.
  • Generation optimization.
  • Maximize profit & minimize ware & tear.
  • Asset data management.
  • Bidding & scheduling interface.
  • AI preventive maintenance and OEE.
Contact us to explore a free POC trial.

Client Profile

  • These solutions are tailored for traders, portfolio and asset managers in investment firms, utilities and power generation companies engaged in day-to-day trading or investment evaluation, both in bilateral and organized electricity markets or ISOs.
  • These solutions offer distinct trading algorithms for BESS, pump storage and hydro generation assets. These cost-effective solutions can be easily integrated with existing ETRM and asset systems.
  • You can also adopt our platform as your core trading and data analytics platform and leverage our microservice architecture and API services to connect in-house legacy and other systems and do away with manual processing and cumbersome legacy system integration.
  • Our solutions can be used as a service, or implemented on a dedicated cloud (of your choice, or our cloud platform), or on-site.
BESS Hydro Assets

BESS & Hydro Plants Trading Advanced Ecosystem

  • Microservice architecture enables accelerated custom configuration of hydro, BESS and pump storage assets bidding and trading.
  • API-friendly ecosystem allows flexible integration and data exchange with third party & in-house load systems. Functionalities are constantly enhanced and extended to meet clients requirements.
Contact us to explore a free POC trial.

QR BESS & Hydro Asset Trading Solutions

QR Data Hub

QR Data Hub is especially designed to streamline and automate the data pipeline across BESS & Hydro generation, trading, and asset operations and health management operations.

  • Centralized data platform offers great flexibility to fetch, clean, insert and manage all your asset’s data, from 5 to 60 min resolution:
    • Asset generation dispatch and meter quantities.
    • Spot & DA market prices (system, nodal, LPM, etc).
    • Site level SCADA and power plant controllers (PLC).
    • Weather and radiance.
    • Retail and wholesale trades.
  • Data management in standardized formats within an optimized data platform, suitable for warehousing, data export, analytics, AI load forecasting, settlement and reporting.
  • Flexible API service to disseminate data to other applications.
QR Data Hub

QR AI Price Forecast

  • This solution offers a range of automated advanced AI forecasting services for world electricity markets, ISOs & RTOs.
  • Price forecasts: nodal, Locational Marginal Price (LMP), zonal or trading hub prices.
  • Demand forecast: system, transmission and zonal demand.
  • The forecasts are intraday and DA at 5 to 60 minutes resolutions.
  • Intraday forecasts are refreshed every 10 mins 24/7.
AI Forecasting

QR BESS Trading Optimizer

  • The solution can be configured to operate and trade in different settings. E.g., the storage can be embedded with solar or wind generation and use part of their generation to recharge. Alternatively, the BESS can be independent of any renewable resource and recharge by buying electricity from the market.
  • For every 5 – 60 min trading interval, we compute the MW quantity of buy charge and store, versus discharge and sell, with the objective to maximize the total daily P&L of the storage.
  • BESS trading optimization algorithms and models are designed for intraday and DA trading as well as the decision to participate in the DA market versus the spot market of tomorrow.
  • The solution is automatically executed 24/7, for intraday and DA trading or bidding in your power market.
QR BESS Trading Optimizer

QR Hydro Generation Trading Optimizer

  • The solution optimizes the generation and or bidding of hydro generation assets in bilateral and/or organized power markets or IOSs, while fulfilling water release constraints and bilateral contractual obligations.
  • For every 5 – 60 min trading interval, we compute the MW quantity of generation vs buy from the spot market to satisfy contractual and water release constraints, with the objective to maximize the total daily P&L of the hydro plant.
  • The solution is automatically executed 24/7, for intraday and DA trading or bidding in your power market.
QR Hydro Generation Trading Optimizer

BESS Assets AI Modeling

  • Enhance predictive maintenance planning & Overall Equipment Efficiency (OEE).
  • Maximize systems uptime & productivity.
  • System outputs: MTBF (mean time before failure), MTTR (mean time to recovery and repair), MTTF (mean time to failure).
Renewable Energy

QR Reporting & Business Intelligence

QR Reporting is a dynamic reporting solution designed for energy trading.

  • The reporting tool offers great flexibility to create custom reports and dashboards for BESS & Hydro assets’ operations.
  • We offer a series of ready-for-use reports and web dashboards delivering real-time access to your asset’s trading, generation and operational data and key performance indicators such as bids, dispatch, generation, market data, energy and other rates, P&L, risk, positions and plant’s data.
  • The reporting solution is very efficient in working with and rendering granular and large energy trading data. 
  • Reports can be displayed in web-pages or exported via API into any desired format.
Business Intelligence

Benefits

  • You can always start with a POC Trial where we back-test some of your trades against the optimal scenarios, and deduce how much QR Trading Optimizer can improve your P&L.
  • License what you need. You can license each component separately, depending on your needs, e.g., price forecasting, bidding & trading optimization, back-office settlement & billing or risk management.
  • Two flexible delivery options:
    • Trading Optimization as a Service. Our cloud platform and expert team do everything, and you receive, via API and in web dashboards, the desired outputs, e.g., price forecasts, optimal bidding & trading schedules every 10 minutes, 24/7. No software installation, hardware and IT resources are needed.
    • Software as a Service (SaaS) where we implement the system on a private cloud of your choosing, or on-site, and you control the data and the models.
  • Ready-to use platform. We offer a large number of especially designed algorithms and models for bidding hydro, BESS and pump storage assets. These can be used on your assets and markets with minor configuration.
  • Cost-effective pricing. Whether you use QR Trading Optimizer as a service or as SaaS, you pay one single annual subscription fee. The fee comprises the license, maintenance and upgrade releases. In no case will this solution cost anything, it can generate profits worth 10x its license cost.
  • P&L enhancement. QR Trading Optimizer considerably improves the trading P&L, or asset valuation.
    • Maximize profit from bidding, generation and selling in a power market or ISO. Maximize profit from bidding into reserve markets versus selling in the spot market.
    • Minimize plants ware and tear.
  • Expert team. In-house trading optimization models require extensive expert resources. Models are sensitive to myriads of constraints in assets & operations. QR Trading Optimizer was created as a universal optimization platform that could be configured for various operations. Our team of mathematician PhD experts closely work with clients to customize and maintain the optimization model that suits their asset portfolio.

Case Studies & Video Demos

Let's talk about your needs

We look forward to exploring the range of options for your projects. Please write to us and one of our project managers will get back to you at once.