Alantra and HESStec launch BESSTRADE, a battery energy storage system optimizer for investors seeking to lead the energy transition

• This innovative product combines Alantra’s advanced data analytics know-how and expertise in forecasting electricity prices and maximizing revenue streams with HESStec’s battery optimization capabilities
• In Spain, there is a clear opportunity as the growing battery market is expected to play a crucial role in the country’s energy transition and decarbonization efforts, while the BESS market with over 9 GW of projects in development remains untapped
• The launch of BESSTRADE marks a new step in Alantra’s strategy of creating a leading cross-sector offering for energy-related topics, building upon the establishment of a highly specialized Energy Transition business last year.
• At the same time, the new product complements the value of HESStec’s energy storage solutions, extracting maximum value and profitability for battery owners

Madrid – Alantra’s Energy Transition business, a recently created unit aimed at providing unparalleled and hands-on advisory services to companies and investors engaged in the decarbonization of the economy, and HESStec, a technological solution provider specialized in hybrid energy storage solutions and real-time energy management systems, are pleased to announce the launch of BESSTRADE, a battery energy storage system (BESS) optimizer. The product combines Alantra’s advanced data analytics know-how and expertise in forecasting electricity prices and maximizing revenue streams with HESStec’s high performance battery optimization platform, offering a best-in-class solution for investors aiming to effectively optimize battery BESS operations, both in stand-alone and hybrid plant scenarios.

The increasing incorporation of renewable energy sources, particularly solar power, in Spain has resulted in a significant need for large-scale batteries to balance the grid due to high intraday volatility[1]. With the impending closure of stable energy sources like thermal and nuclear plants, storage solutions are essential to maintain grid stability, making Spain the EU country with the highest projected storage capacity requirements by 2030[2]. The growing BESS market in Spain, with over 9 GW of projects in development and a target of 12 GW by 2030[3], is expected to play a key role in the country’s energy transition and decarbonization efforts. This evolving landscape is fostering the emergence of ancillary services, particularly optimizer and trading companies, which utilize advanced algorithms to forecast energy demand and optimize battery assets to maximize revenue for clients. These BESS and optimizer companies are poised to become integral components of Spain’s rapidly expanding BESS market.

BESSTRADE stands for a unique solution that will ensure maximum economic returns while preserving BESS efficiency, grid code compliance and real-time optimization, both for BESS and renewable sources. The product will provide market price forecasts, performance optimization strategies, BESS value maximization, and optimal market operations for investors.

The launch of this innovative product is a new step in Alantra’s strategy of building a leading cross-sector offering for energy related topics. In 2023, Alantra created a highly specialized Energy Transition business, providing advice to corporates, energy companies, and investors aiming to spearhead the energy transition. The team is working with over ten different clients on market advisory, as well as M&A and debt advisory projects, facilitating the development of solar, hybrid plants, BESS, and renewables gases, among others. Additionally, Alantra has built a suite of services to help corporates invest in their decarbonization processes.

BESSTRADE complements HESStec’s real-time energy storage management systems, extracting maximum value and profitability for battery owners. HESStec’s EMS platform (INMS®) has been tested and validated by key market players across numerous energy storage systems and hybrid plants, demonstrating its performance and added value, making it a perfect match for the BESSTRADE platform.

José María Zabala, Managing Director Alantra Energy Transition, said: “In Spain, there is an untapped landscape in the optimizer market, presenting an exciting opportunity to replicate the proven model observed in mature countries like the UK. This prospect extends beyond Spain, encompassing Italy initially and eventually other European markets. BESSTRADE uniquely combines Alantra’s technical expertise in advanced data analytics, energy market modelling, and the energy transition with HESStec’s operational acumen. With our extensive industry networks, we will be able to deliver tailored solutions and full-spectrum support to our customers from project inception to asset maintenance.”

Eugenio Dominguez, CEO and founder of HESStec, added: “BESSTRADE is built on extensive expertise gained from over 15 years of real-world operation in the energy storage asset field. Additionally, the seamless integration between BESSTRADE and HESStec’s INMS® platform is the final piece of the puzzle, ensuring the optimal and profitable integration of storage as a key element in the energy transition.”

To find out more about BESSTRADE, please visit https://besstrade.energy/.

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[1] Source: Energy Storage Strategy – MITECO

[2] Calculated based on the PNIEC (2021-2030) (National Energy Plan) and the Long-Term Decarbonization Strategy (ELP) 2030-2050

[3] Estimated by Alantra Energy Transition based on the updated PNIEC