Software provider Arenko has signed an agreement with Foresight to optimise the 50MW Sandridge energy storage asset, which is due to be operational in 2022.
Arenko will use complete end-to-end trade optimisation and automated dispatch software to maximise returns from the asset.
The company’s cloud-based optimisation software forecasts market conditions, performs millions of simulations per day to optimise trading decisions across markets, and then securely dispatches stored energy from the assets.
Arenko CEO Rupert Newland said: “We are pleased to have signed another major contract with a leading infrastructure investment manager in Foresight Group.
“Arenko will be utilising its software to deliver improved returns from the 50MW Sandridge energy storage asset. We look forward to delivering this service for our client.”