Ascend Analytics (“Ascend”), the leading provider of market intelligence and analytics solutions for the power industry, today announced that it has teamed with Tenaska Power Services Co. (“TPS”), a leading power marketer and energy management service provider with business operations spanning the energy value chain, to offer customers a fully integrated and comprehensive solution to their scheduling and bid optimization needs. Ascend’s SmartBidder™ optimization platform will be available together with TPS’ market interface, energy management, and settlement services and the TPS PowerTools™ scheduling/bid-to-bill platform.
The integrated offering provides both standalone storage projects and co-located renewables-plus-storage projects the benefits of a single cross-functional team and capability to support the entire resource registration and commissioning process, bid strategy, execution and settlement, and real-time energy dispatch.
This seamless solution, designed to maximize the operational efficiency and profitability of storage assets, is underpinned by SmartBidder’s track record supporting 4.3 GW of operational BESS projects in ERCOT, CAISO, PJM, and beyond. TPS’s PowerTools™ complements this offering with over 100 gigawatts of project capacity being serviced since its introduction in 2010.
“Battery storage developers are racing to meet growing demand as rising load growth and increasing renewables create complex new market dynamics that storage is uniquely positioned to address,” said Gary Dorris, Chief Executive Officer of Ascend. “Enabling battery assets to seamlessly maximize their financial and operational production is more important than ever in this evolving marketplace, which is why I am so excited about the opportunity to team with Tenaska Power Services. Their long track record, sterling reputation, and recognized scheduling/settlement expertise perfectly complements Ascend’s capabilities; together our integrated solution is greater than the sum of its parts.”
“The developers, operators, and financiers of storage projects want trusted, end-to-end solutions that help them maximize performance across the full operational and financial lifecycle of their assets,” said Keith Emery, Senior Vice President, Origination for TPS. “By teaming with Ascend and integrating their outstanding bid optimization capabilities with our leading scheduling and energy management services, customers can have the confidence and convenience to lean further into the growing storage opportunity without worrying about potentially costly delays in the asset registration, commissioning, and onboarding process.”
The combined offering, which can be contracted through each party separately, or together through a single service agreement, is being made immediately available in ERCOT and the Eastern Interconnect (ISO-NE, MISO, NYISO, PJM, and SPP) Power Markets in response to their growing demand for storage.
Interested parties can learn more by contacting or Michael Huisenga, Managing Director Business Development, Ascend Analytics at: [email protected] or Keith Emery, Senior Vice President Origination, TPS at: [email protected].
Additional information can be found at https://www.ascendanalytics.com/solutions/smartbidder.
About Ascend Analytics
Ascend Analytics is the leading provider of market intelligence and analytics solutions for the power industry. The company’s offerings enable decision makers in power supply, procurement, and investment markets to plan, operate, monetize, and manage risk for renewable energy and storage assets. From real-time to 30-year horizons, their forecasts and insights are at the foundation of over $50 billion in project financing assessments. Ascend provides energy market stakeholders with the clarity and confidence to successfully navigate the rapidly shifting energy landscape.
About Tenaska
Consistently ranked among Forbes’ List of America’s Largest Private Companies, Tenaska is a leading energy company with business operations that span the energy value chain. Tenaska Marketing Ventures (TMV) and Tenaska Power Services Co. (TPS) are among the largest natural gas and electric power marketing companies in North America. The company has an operating fleet of 7,482 megawatts (MW) of natural gas and renewable generating facilities and throughout its history has developed, managed and/or operated 23,172 MW of natural gas-fueled and renewable generation. Tenaska is actively developing more than 9,000 MW of natural gas-fueled generation, 10 carbon sequestration projects capable of storing more than 50 million metric tons of CO2 per year and a development services portfolio encompassing more than 20,000 MW of solar, wind and energy storage projects. Tenaska seeks investment opportunities to allocate its capital into generation assets nationwide. For more information, visit TenaskaPowerServices.com.