-- 100 MW wind farm uses AI to avoid negative prices, improve financial returns

On July 10th, a wind farm equipped with AMS's Artificial Intelligence software 
successfully navigated a wave of negative wholesale energy prices in Australia, 
demonstrating the power of AI to enhance the performance of clean energy 
assets. 

Logo - https://mma.prnewswire.com/media/837499/AMS_Logo.jpg 

Tilt Renewables' 100 MW Snowtown 1 Wind Farm was enabled with AI software in 
July and self-executed a "precision trading" strategy that has already clearly 
increased total revenue from the windfarm by precisely bidding its way through 
a wave of extreme volatility and negative prices in South Australia. 

"We couldn't be more excited with the bidding system's performance at Snowtown 
right out of the gate," said Deion Campbell, Chief Executive of Tilt 
Renewables.  "AI software gives us an edge to manage risk and improve margins 
in energy markets that are becoming more challenging with high penetrations of 
renewable generation.  Being an early adopter of innovation like this 
demonstrates Tilt Renewables' leading approach to renewable asset management 
and we look forward to applying this technology to other assets shortly."

The AI software used by Tilt Renewables' wind farm was developed by AMS, a San 
Francisco-based start-up founded by veterans of California's clean energy 
industry.  AMS's chief executive officer, Susan Kennedy, started the company 
with the backing of A-List investors, including former California Governor 
Arnold Schwarzenegger, whose groundbreaking policies to reduce carbon emissions 
sparked billions of dollars of investment in solar, wind, battery storage and 
other clean energy technologies. AMS's optimized bidding software is technology 
agnostic, and substantially increases the revenues of storage, wind, solar and 
other generation assets in wholesale electricity markets.

"This time, artificial intelligence is being used to save the planet," 
Schwarzenegger said. "If we're going to address climate change, we need to 
build renewable energy on a massive scale. Electric grids around the world 
can't handle renewable energy on a massive scale without AI."

"Every region of the globe is experiencing the challenges of integrating solar, 
wind, and electric vehicles into electric grids that were designed for coal and 
gas," Kennedy said.  "As renewable penetration grows, market volatility will 
increase.  Assets need to be smart, fast and able to accurately predict the 
forces impacting the electric grid."

Kennedy founded AMS in 2014 bringing together energy market experts to develop 
a software platform that can help California cost effectively integrate the 
huge amounts of solar, wind, and distributed generation installed as a result 
of California's aggressive clean energy policies over the last decade.  AMS' 
first projects using battery storage include a groundbreaking fleet of 
Hybrid-Electric Buildings that delivered more than 2,000 MWh of flexible 
capacity for one of California's largest utilities as part of a 70 MW/360 MWh 
"virtual power plant".  In 2018, AMS expanded to Australia where high 
penetrations of solar and wind have stressed the electric grid, causing wild 
swings in wholesale energy prices.  In an effort to tame prices and smooth 
energy supplies, Australia began installing large-scale batteries, including 
the largest battery in the world, the 100 MW Hornsdale Power Reserve in South 
Australia.

Over the last year, AMS has built a contracted pipeline of more than 2,000 MW 
of solar, wind, pumped hydro and battery storage assets in the US and 
Australia.  

The Snowtown Wind Farm sits on the Barunga and Hummocks Ranges, 170km north of 
Adelaide, in South Australia. Stage 1 has been generating electricity since 
2008.

About AMS:  AMS is leading the clean energy revolution with the most advanced 
transactive energy platform in the world.  AMS' SigmaOne(TM) A.I. optimization 
software uses deep learning algorithms to enable strategic optimized trading of 
complex energy assets in competitive power markets. AMS' uniquely powerful team 
includes energy market experts, data scientists and technology developers that 
have designed, built, operated and financed some of the most complex energy 
assets in the world.

About Tilt Renewables: Tilt Renewables' vision is to be a leading developer and 
owner of renewable energy generation in Australia and New Zealand. It owns and 
operates eight wind farms in Australia and New Zealand with an installed 
capacity of 636 MW and an additional 336 MW under construction. Tilt Renewables 
also has a significant pipeline of over 3,000 MW of wind, solar and storage 
projects in Australia and New Zealand of which over 2,500 MW have secured the 
required planning approvals. To learn more about the Snowtown Wind Farm, please 
visit: 
https://www.tiltrenewables.com/assets-and-projects/Snowtown-Wind-Farm-Stage1/

SOURCE: AMS

CONTACT: ANDREW KELLEY, COUNTRY DIRECTOR, AMS AUSTRALIA, M | +61 439 503 581, 
akelley@advmicrogrid.com; MANAL YAMOUT, SVP EXTERNAL AFFAIRS, AMS, M | +1 439 
503 581, myamout@advmicrogrid.com