Think crypto or pork belly futures are volatile? They have nothing on Australian energy prices. The graph above shows electricity prices in South Australia on one day in 2017. In those days energy prices were much more predictable. Prices peaked when everyone got up and turned on the kettle in the morning, and in the evening when we came home from work.

Just seven years later, it’s a very different and much more unpredictable story. Prices commonly go negative in the middle of the day when renewable generation exceeds 100% of demand. At other times, the market peaks at 2x or 3x times the price it used to peak at. Forecasting electricity prices and responding to them just got so much harder. And it’s likely to get harder as the transition continues. We’re addressing these challenges by building tools that help energy assets, particularly batteries, operate at the right times. Our solutions improve market efficiency and accelerate the adoption of renewable energy sources.