AES to use AI-enabled bidding software for solar and energy storage projects

Fluence announced an agreement with The AES Corporation, a Fortune 500 global energy company, to implement the AI-powered Fluence IQ Bidding Application to maximize the value of a 1.1GW portfolio of solar and energy storage projects in the Western US. In October of last year, Fluence acquired AMS' software and digital intelligence platform for renewables and energy storage. The platform is designed to improve revenue of energy storage assets in wholesale markets. AMS' technology uses artificial intelligence, advanced price forecasting, portfolio optimization and market bidding to ensure energy storage and flexible generation assets are responding optimally to price signals sent by the market. The way the Fluence IQ Bidding Application works is it recommends bids into daily and hourly auctions for energy and grid services, anticipating opportunities using advanced forecasting to take advantage of favorable pricing, while minimizing exposure to unfavorable pricing.