Fluence Energy announced that Fluence Mosaic has launched in the Electric Reliability Council of Texas, ERCOT, wholesale power market, starting with over 350 MW of battery-based energy storage assets scheduled to commence operations with Mosaic in 2023. Through machine learning, Mosaic allows scheduling entities to navigate increasingly complex electricity markets so energy storage assets can maximize revenue in wholesale power markets. As part of a framework agreement with a large energy company for all its new energy storage assets in ERCOT, Mosaic will optimize energy and ancillary services bids and offers in ERCOT’s electricity market, starting with two assets anticipated to come online in 2023. Mosaic leverages artificial intelligence to automate development of advanced price forecasts and optimal hourly and intra-hour bids. This helps asset owners and traders navigate ERCOT’s complex electricity market and enables energy storage systems to react quickly and efficiently to grid needs and optimize revenue from market participation. Mosaic for ERCOT currently supports energy storage systems from any technology provider.
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