Energy Toolbase, an industry-leading software provider of tools for project modeling, energy storage controls, and asset monitoring products for solar and storage projects is deploying its Acumen EMS™ controls software on a portfolio of standalone energy storage projects being developed and deployed by Ventura Energy, an owner and developer of renewable energy and energy storage projects. The five-site portfolio of standalone energy storage projects, deployed at critical water facilities, will participate in the wholesale energy markets and provide critical support to California's grid through a program facilitated by Leap, a leading provider of energy market access for distributed energy resources.
With California's goal of decarbonizing its electricity sector by 2045, the state has a massive opportunity to leverage its nation-leading fleet of behind-the-meter batteries to support grid reliability and drive renewable growth. As part of this effort, the Ventura Energy portfolio in Southern California will leverage Acumen EMS and Leap's platform to bid its price-responsive load into CAISO, delivering zero-carbon energy when dispatched and providing much-needed Resource Adequacy to the utility. The portfolio is made up of five sites, totaling 3.7 Megawatt hours (MWh) utilizing Tesla energy storage systems. Ventura's innovative project-financing model uses projected grid services revenues to deliver more cost-effective backup power to its customers.
"We're excited to deploy our first portfolio of grid-interactive projects working with Ventura and Leap," said Chris Sefel, the Manager of Enterprise Sales with Energy Toolbase, "We intend to replicate this model and enable many more ETB-controlled energy storage systems to participate in the wholesale energy markets."
The projects will enroll and make nominations into California's Demand Response Auction Mechanism (DRAM) program, which is a pay-as-bid auction program that aims to bolster grid stability by compensating demand-side resources, including energy storage systems, to curtail energy when the grid is strained. The partnership between Energy Toolbase, Ventura Energy, and Leap will enable all parties to maximize revenue and support for the grid through a performance-based revenue-share model for the portfolio.
"We are excited to get these projects energized, prove out this model, and then repeat this performance-based revenue share structure on future projects," said Clara Nagy McBane, the Founder and Owner of Ventura Energy.
"California has a large and growing base of distributed energy resources that can deliver critical flexibility to the grid and help avoid blackouts," said Jason Michaels, Chief Commercial Officer with Leap. "As a leading platform for modeling and operating commercial energy storage projects, Energy Toolbase is a natural partner for us to enable asset owners like Ventura to capture full value from their projects. We're excited to partner with Energy Toolbase and Ventura to provide resiliency and zero-carbon energy to the California grid."
Special Programs feature launched in ETB Monitor
Energy Toolbase recently launched its Special Programs feature on the ETB Monitor platform, which enables Acumen EMS-controlled energy storage systems to function as virtual power plants and participate in demand response or grid services programs. This feature allows customers to view, manage, and schedule participation into energy market programs, such as DRAM in California. Asset owners are able to extract the maximum value from standalone storage and solar + storage projects by co-optimizing value capture with behind-the-meter utility bill savings control strategies.