Avangrid recently announced it has successfully completed a strategic pilot project with Tyba, an energy analytics and optimization platform, to enhance its battery energy storage system modeling and identify potential locations for siting storage infrastructure across U.S. power markets.
The initiative was designed to support Avangrid’s evaluation of standalone and hybrid storage assets, improve revenue forecasting, and build internal expertise in the rapidly evolving U.S. storage landscape.
“As energy demand continues to surge across the country, battery storage will become increasingly critical for reliable energy supply,” said Avangrid CEO Jose Antonio Miranda. “This pilot project with Tyba is just one example of Avangrid’s approach to investing in innovative and forward-thinking solutions that enhance our own operations while helping the U.S. meet its energy needs.”
“It has been great to partner with Avangrid as they advance their efforts in the energy storage sector," said Tom Thunell, Tyba’s Co-Founder and COO. "When honing an energy storage investment case, it is critical to understand how the battery will get its revenue. Tyba’s platform simulates battery operations – informed by experience optimizing over 2GWh of operating storage – to demonstrate not only how much a project may return, but how it will operate to achieve those outcomes.”
Throughout the pilot, Avangrid´s teams collaborated closely with Tyba through weekly working sessions and engagement. The project focused on leveraging Tyba’s platform to simulate BESS operations across approximately 2,400 locations in seven U.S. regional grid operators and independent system operators.
A key innovation in the pilot was the use of new pricing metrics to estimate battery energy storage systems revenue between the highest and lowest electricity prices each day. Tyba’s platform enabled Avangrid analysts to screen for price volatility and identify the best locations for siting projects. This provided Avangrid with an enhanced understanding of where battery energy storage systems could provide the greatest return on investment, Avangrid said.
Tyba’s software also allowed Avangrid to simulate BESS operations under different market conditions, using both past and projected electricity prices.
"It allowed Avangrid to fine-tune battery charging and discharging strategies in real-time, day-ahead, and ancillary services (back-up power) markets, and run hundreds of stimulations tailored to each regional grid operator," Avangrid said.
Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its power generation business, Avangrid owns and operates more than 75 energy generation facilities across the United States producing 10.5 GW of power for over 3.1 million customers.
