With PowerSync’s cutting-edge technology businesses have significant potential to earn revenue from energy market participation with their energy loads, batteries, and backup generators. However, without expert support, many businesses miss out on this opportunity, especially in the very fast FCAS market, due to complex technical requirements and capacity thresholds., PowerSync opens this opportunity without any operational disruptions.
Frequency Control Ancillary Services (FCAS) provides payments for offering grid stability services, with businesses earning revenue even when frequency events don’t occur. FCAS functions as a real-time capacity market, compensating participants for being available to offer essential grid frequency support if needed. Participants are remunerated whether there is an actual frequency event or not.
Challenge
Many businesses struggle to comply with stringent FCAS technical requirements, missing out on potential revenue—especially from the highly lucrative very fast FCAS market. Non-compliance can lead to penalties and missed opportunities.
To deliver a fully compliant response to an FCAS event, an eligible asset—such as a battery—must meet a comprehensive range of technical standards, including consistency, response time, and energy discharge rates.
Even though actual frequency events are rare, when they do happen, having the right technology partner in place can be the difference between seamless participation and costly penalties. PowerSync Technologies makes sure your assets are prepared to step in when it matters most—protecting your revenues while ensuring the stability of the entire grid and with no disruption to your core operations.
Solution
PowerSync’s turnkey solution ensures all assets on our platform are fully tested and ready to respond compliantly at all times. We’ve successfully registered and managed assets across all eight FCAS markets and have become the first and only aggregator to operate commercial behind-the-meter batteries in the very fast FCAS market.
PowerSync’s cutting-edge technology and expert team enable seamless participation in all eight FCAS markets, including the very fast FCAS market, without operational disruptions.
– Turnkey Compliance: PowerSync ensures assets meet all technical standards, including response time, consistency, and energy discharge rates.
– Dynamic Optimisation: A machine-learning optimizer evaluates assets every five minutes, bidding unused capacity in the market to maximize returns.
– Real-Time Response: In the event of an FCAS incident, PowerSync’s automated system ensures assets respond immediately and accurately.
Our machine-learning powered optimiser continuously evaluates your asset’s availability every five minutes, dynamically offering any unused capacity into the market where it can achieve the best value. And if an FCAS event occurs, PowerSync’s automated system ensures that your asset responds immediately and accurately, every single time.
Outcome
On Friday, 23 August 2024, the grid experienced an FCAS event and PowerSync orchestrated assets that were available automatically responded to the change in frequency on the grid, effectively supporting network stability.
Fig.1. Example of PowerSync orchestrated battery responding to an FCAS event
Conclusion
PowerSync’s fully integrated platform ensures businesses can participate in FCAS markets efficiently, unlocking substantial revenue potential while maintaining grid stability with zero disruptions to their operations.