Tyba

When assessing storage asset performance, how do you know what good looks like? Total revenue doesn’t tell the full story. An asset at a highly volatile node might see high earnings just by being in the right place at the right time, while another asset at a less volatile node may be optimizing exceptionally well but working with smaller price spreads. One way to benchmark performance is by looking at the % of TB2 captured — or the percent of total revenue opportunity an asset actually realized. 📈 If an asset captures a high % of the TB2, it means it effectively optimized its available capacity. For those with >100% it means intra-hour and cross-product maximization. 📉 If an asset captures a low % of the TB2, it likely left value on the table. Ability to maximize the revenue opportunity is most telling of optimal operations. #energystorage #ERCOT

The past few months, there has been a lot of focus on Real-Time #Energy price spikes in #ERCOT. While these are ‘must-hit’ moments, it is also important to recognize that Day-Ahead (DA) Energy prices have cleared higher than Real-Time (RT) fairly consistently – and especially in the 6-8am hours. Forecasting which product will be priced highest, and in which moments, matters as much as ever. This was magnified yesterday (February 20th). We saw: 🔌 Record-breaking electricity demand, with load peaking over 80GW+ in the morning 🔋 Over 4.5GW of storage was discharging into this peak 📈 DA Energy prices cleared ~$900 (3x premium to RT) Sharing what we forecasted prior to the DA market close for ERCOT’s West Hub, which helped our optimizer configure a bidding strategy that allocated into the DA Energy market from 6-8am vs. leaving for RT. Delivering consistent revenue on a day-to-day basis is critical for storage assets aiming to maximize total revenue. Since bidding into DA comes with a level of risk (you are exposed to cover in the RT market if you do not dispatch), always ensure the prices being offered clear your risk/reward threshold – and that your DA vs. RT forecasts are well calibrated!

We are headed to the #ERCOT Market Summit in Austin next week ✈️ With ERCOT’s rapid growth and evolving policies, there’s a lot to discuss about optimizing storage operations and maximizing revenue. Tom Thunell, our co-founder, will be there — will we see you? What topics are you most excited to dive into at the summit?

The shift to energy arbitrage as the primary form of revenue generation for #energystorage assets in #ERCOT continues 🔋📈 Looking back at battery performance from November 2024 via ERCOT’s 60-day disclosure data, we can clearly see that the top assets made the vast majority of their revenue from Real-Time Energy. Much of this revenue was concentrated on two key days where prices were in the triple digits across zones. Looking at the strategies of these top performers – and comparing them to the approaches of median and low performing assets – makes it clear just how important it is to have accurate forecasts, and the agility to adjust your operating plan in real-time. On these big days, discharging too early, or allocating capacity to AS/DA energy have six figure+ ramifications for operators.

"Our goal from the outset was clear: create a solution that makes energy storage accessible and profitable for everyone in the industry, regardless of scale or resources." 🔋 📈 Our CEO & Co-Founder Michael Baker shares the story of building Tyba alongside Tom Thunell and Tyler Nisonoff, and unpacks why storage assets are both: 🔋 Critical to grid decarbonization and 🧩 Hard to operate optimally (without advanced software) We're excited to newly be partnering with Energize Capital, Pear VC. Mobilize Climate Capital, Borusan Ventures, and to grow our partnerships with Powerhouse, Wireframe Ventures, Lorimer Ventures, and Virta Ventures. Together, we'll be able to scale our impact and create a cleaner, more reliable energy future together. https://lnkd.in/ej4HDY5T

Exciting day here at Tyba! We are officially announcing our Series A fundraise, led by Energize Capital, which will support us on our mission to help companies develop and operate more profitable #energystorage projects – at scale. Batteries are essential for maximizing the efficiency, reliability, and profitability of renewable energy investments as they ensure power can be delivered in all hours, and at prices that drive strong returns. Our platform makes it easy for teams to configure and execute optimal operating plans. We are thrilled to welcome Energize, along with Pear VC, Mobilize Climate Capital, Borusan Ventures, and continue our partnership with all investors from our seed. Excited to scale our team and platform in this next phase!

Two years in a row mid-January has brought extremely cold temperatures to Texas. In both instances, there was a day where peak electricity demand was around 78GW - record breaking for winter in ERCOT. January 16, 2024: Energy prices in ERCOT’s West Load Zone cleared above $2K in the 7-8AM hour for Day-Ahead Energy, and all Ancillary Services products hit prices above $1K that morning. January 22, 2025: Energy prices in West LZ peaked around the same time (7-8AM), but capped out around ~$75-100. One major difference? Batteries. With more than double the storage capacity available, ERCOT had access to a sufficient reserve margin in addition to the ~2.5GW that were dispatching at the time of this demand spike. Together, this created grid stability and price stability. This underscores how critical it will be for storage operators to be strategic.  🔮 Accurate forecasts are imperative to select the best product to sell into at the best times. ↕️ Grid conditions are changing rapidly - operating approaches must be agile and dynamic enough to maximize performance as the landscape continues to evolve.

We heard you. Energy markets are complex, evolving quickly, and they are all unique. This can make it challenging to operate one – much less a portfolio of – storage assets. With the increase in energy demand and the grid switching over to renewables, we need batteries to ensure we can reliably power people and businesses. We’re striving to demystify these markets and equip battery operators with the insights they need to perform efficiently and effectively — helping build a cleaner, more reliable energy future for everyone. To start, we’ve overviewed each U.S. energy market, specifically focused on how storage assets can participate. We’ll continue to add deep dives into new policies, break down interesting operating days, and more.  What additional details or deep dives would you like to see next?

With rising #electricity demand, evolving markets, and a changing political landscape, 2025 promises to be an interesting year for #energystorage. With so much change on the horizon, we wanted to kick off the new year by sharing a few predictions – shifts we believe are coming this year, and how battery operations will need to evolve.

The energy industry is facing unprecedented changes — rising #electricity demand, evolving market dynamics, and a shifting political landscape. The road ahead is full of opportunities for #energystorage, but also new challenges – here are our four predictions about what’s coming in 2025: 1️⃣ An “all the above” approach will be needed to meet energy demand growth 2️⃣ Regional energy markets will continue to be experimental cauldrons 3️⃣ Hybridization of existing infrastructure 4️⃣ Energy arbitrage will be the primary revenue driver for storage Dive into our full predictions and insights for 2025 and how the evolving landscape will shape energy storage operations 🔋📅 https://lnkd.in/g9C2cvC8