Fluence announced an agreement with The AES Corporation to employ the AI-powered Fluence IQ Bidding Application to maximize the value of a 1.1 GW portfolio of solar and energy storage projects in the Western United States. The agreement represents one of the largest single procurements of AI-powered bidding software for renewables and storage assets by an independent power producer in the United States. The software will optimize revenues earned by solar and battery assets through participation in wholesale markets.

The Fluence IQ Bidding Application recommends bids into daily and hourly auctions for energy and grid services, anticipating opportunities using advanced forecasting to take advantage of favorable pricing while minimizing exposure to unfavorable pricing.