In addition to various model and web app enhancements, the major update for the August 2022 release is the launch of Tyba’s Digital Twin module. The Digital Twin module simulates how a storage would bid and clear with an ISO on a rolling daily, hourly, and sub-hourly basis if it were operational.

Compare Tyba’s price predictions vs. actuals (left) and Tyba’s suggested operations (right) to maximize value from storage based on those price predictions.

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Explore how Tyba performed against various revenue benchmarks such as a perfect foresight case.

Digital Twin FAQs

How can my company benefit from Digital Twin?

• Pre-Operations - Inform the feasibility of realizing storage revenue in the field.  This includes predicting, bidding, and operating storage to capture revenue across multiple services.
• Operations - Complement your current forecasting and bidding strategies to see if you can uncover additional revenue opportunities and/or mitigate risks.

How does Digital Twin work?

You provide select project design inputs such as project location, storage size/duration, and cycling constraints.  Based on the inputs you provide, Tyba will:

1. Train its ML-based model to forecast nodal/ISO prices and recommend an optimal operational profile for each operating day, hour, and sub-hourly interval.
2. Translate the optimal operational profile to bid/offer curves.
3. Shadow submit the bid/offer curves and ensure they meet ISO timelines for Day-Ahead and Real-Time auction submissions.
4. Compare bid/offer curves against actual ISO auction results and simulate expected operations and revenue.