Case Study: a large energy company boosts ERCOT heatwave revenue with Tyba

Optimizing Operations in ERCOT’s May 2024 Heatwave

The customer, a large energy company, faced the challenge of optimizing its battery energy storage system (BESS) operations during a prolonged heatwave in the ERCOT market. They needed to forecast price spikes accurately and manage their asset to capture maximum revenue while ensuring grid reliability. Tyba provided its platform for accurate price forecasting and dynamic optimization.

Tyba's solution used real-time reforecasting and a dynamic bidding approach to develop bespoke daily operating strategies. This allowed the customer to proactively manage the battery's state of charge to capture unexpected real-time price spikes and balance energy arbitrage with Ancillary Services. The strategy implemented by Tyba resulted in revenue outcomes that outperformed top ERCOT assets by up to 40%.