One unit, rated at 204MW/510MWh, already carries contracted revenue under a separate agreement, while the optimisation deal now announced with OptiGrid applies across the facility’s wider market participation.
OptiGrid is a South Australia-based battery optimisation and trading intelligence platform built specifically for the National Electricity Market (NEM), with shareholders including the Clean Energy Finance Corporation, IP Group, Hostplus, UNSW, Adelaide University and EnergyLab.
Under the arrangement, OptiGrid’s OptiBidder platform will use AI-powered forecasting and optimisation algorithms to submit bids for the project across energy and Frequency Control Ancillary Services (FCAS) markets, the two primary revenue streams available to grid-scale batteries trading in the NEM.
Vena Energy selected OptiGrid following what both companies described as a detailed, data-driven evaluation process.
Owen Sela, head of Australia at Vena Energy, said OptiGrid’s experience optimising battery storage bidding in the NEM made it well suited to a project of this scale, adding that the arrangement would support the battery storage system’s role in delivering grid stability and reliability for the region while helping integrate more renewable energy into the system.
