Energy Storage News•30 days ago
Digital BESS services M&A: Quinbrook sells optimiser Flexitricity, Fortescue’s analytics provider buys Zitara
Key Takeaway
The consolidation of BESS intelligence and optimization services signals a maturing market where software-driven value creation is paramount for asset owners and large energy consumers.
AI Summary
- •Consolidation in the digital BESS services market: Fortescue's battery intelligence platform acquired analytics provider Zitara, and Drax acquired optimiser Flexitricity.
- •These acquisitions indicate a growing trend towards integrating sophisticated BESS analytics and optimization capabilities within larger energy companies and asset owners.
- •Developers and large loads should anticipate evolving service offerings, potentially fewer independent providers, and more integrated solutions for maximizing BESS revenue and performance in dynamic energy markets.
- •The deals underscore the increasing value placed on advanced software and AI for managing energy storage assets, impacting how developers plan projects and how large loads manage their energy profiles.
Topics
capacity-marketm&astorage