RelyAssets develops, builds, and operates battery energy storage systems (BESS) to enhance grid stability and energy reliability. Their services provide solutions for energy storage projects, from initial development to long-term operation.
Funding
Funding not disclosed
Founders
Product
Problem
The intermittency of renewable energy sources like solar and wind poses a challenge to grid stability and energy reliability. Effective energy storage solutions are needed to ensure a consistent and dependable power supply from renewable sources.
Solution
RelyAssets develops, builds, and operates battery energy storage systems (BESS) and hybrid renewable energy projects to enhance grid stability and enable the integration of renewable energy sources. The company offers comprehensive services spanning project development, design and construction supervision, and real-time optimization within energy markets. By developing a diversified portfolio of grid-scale BESS assets, RelyAssets aims to provide reliable and efficient solutions for modern grids, maximizing asset portfolio revenue streams. The company also seeks to acquire projects currently under development, and partners with local developers to integrate regional insights and expertise.
Target Audience
RelyAssets targets utilities, independent power producers (IPPs), and grid operators seeking to enhance grid stability and integrate renewable energy sources, as well as developers looking for co-investors or acquirers for their energy storage projects.
Features
- Project development: Identifying optimal locations, conducting critical studies, and securing essential permits for energy storage and hybrid energy assets.
- Project acquisition: Acquiring projects currently under development to expand BESS capacity.
- Project construction: Streamlining project designs, minimizing capital expenditures, and ensuring efficient, high-quality construction with the support of RelyEZ’s engineering and procurement teams.
- Project operation: Participating in energy markets and utilizing advanced tools to optimize hybrid systems and standalone storage systems.
- Real-time optimization: Advanced tools ensure the optimization of both hybrid systems and standalone storage systems to maximize asset portfolio revenue streams.