Case Study: Ingka Investments boosts risk-adjusted energy storage returns with Ascend Analytics SmartBidder

Ingka Investments boosts ERCOT storage returns 10% to 25% with Ascend Analytics

Ingka Investments, the investment arm of Ingka Group (the largest IKEA retailer), partnered with Apex Clean Energy to develop a battery storage project in Texas. Their challenge was to maximize the value and manage the risk of this project when bidding its energy and ancillary services into the volatile ERCOT market. They selected vendor Ascend Analytics and its SmartBidder platform to optimize these live bidding operations.

The solution from Ascend Analytics involved using the SmartBidder platform to design, evaluate, and deploy customized, risk-adjusted bidding strategies. The platform provided critical backcast data for assessing performance and enabled manual overrides for control. As a result, Ingka Investments and Apex established durable risk management policies and trading procedures. The SmartBidder solution is characterized by market-leading revenue capture, outperforming competing solutions by 10% to 25%.

Ingka Investments