Tyba’s cover photo
Tyba

Tyba

Software Development

Enabling the clean energy transition through profitable, scalable energy storage operations.

About us

Tyba was founded to improve energy storage modeling and operating methods, enabling developers, owners, and operators to optimize their assets and realize greater returns. Renewable energy projects are essential to combat climate change – and secure financial returns for energy producers and investors alike. In a complex and changing environment, Tyba ensures revenue optimization and grid decarbonization can go hand-in-hand.

Website
https://www.tyba.ai/
Industry
Software Development
Company size
11-50 employees
Type
Privately Held

Employees at Tyba

Updates

  • View organization page for Tyba

    2,474 followers

    December 2024 was a generally uneventful month in #ERCOT. On average, storage assets made $1.18/kW, and captured 33% percent of the Real-Time Energy (RT) TB2. While the top 10 revenue generators made 81% of their total revenue from RT, the story isn’t so cut and dry. These assets only captured, on average, 51% of the RT TB2 – meaning they left a significant amount of the available revenue opportunity on the table. #energystorage assets that operated best, as defined by capturing the highest percent of available opportunity (percent of TB2 captured), we see executed more balanced strategies - incorporating Day-Ahead Energy and Ancillary Services. We break down how storage assets operated throughout the month and analyze the one high revenue day (December 14th) to uncover what worked — and what didn’t.

  • View organization page for Tyba

    2,474 followers

    Meet Tyba’s Product Engineering team! Their mission: Deliver a straightforward and impactful #platform, so that our customers can quickly glean insights and implement their operating strategy. We build each product to be as simple or as detailed as users need — stay on the surface for effortless use, or peel back the layers to access more advanced controls and nuance. How they do this: 📊 Seamlessly visualizing market obligations and illustrating their impact on the battery’s dispatch plan    📈 Clearly showcasing Dynamic PQ Bidding so that customers capture/understand the incremental revenue they unlock 🔀 Enabling customers to visualize how their dispatch plan evolved over the course of the operating day to take advantage of fast-changing market conditions ✏️ Incorporating intuitive override fields directly into the platform so hands-on trading teams can adjust their operating strategy if desired The team is looking to take our product to the next level by: 📚 Expanding access to our data catalog, ensuring that the insights users want are always available 🏆 Allowing customers to build the performance visualizations that matter most for their business 🔋 Working closely with our Modeling & Optimization Team to expose more #battery configurations to our customers Sounds interesting to you? We’re #hiring! Reach out to learn more.

    • Product Engineering team
  • View organization page for Tyba

    2,474 followers

    Capturing the highest highs and lowest lows with your #energystorage asset 🔋 When energy prices are erratic — rising and falling frequently within a short window without any sustained spikes or dips – Dynamic PQ Bidding is uniquely able to identify if there will be a price spread large enough to justify cycling the asset. It also helps ensure you charge into the lowest priced intervals, and discharge into the highest. On February 10th, Real-Time (RT) Energy prices oscillated up and down throughout the afternoon, while remaining within a ~$50 range. Our optimizer was able to charge the most at the very lowest priced intervals, and discharge at the day’s peak to maximize revenue generation.

  • View organization page for Tyba

    2,474 followers

    With an increasing amount of #energystorage revenue tied to energy arbitrage, asset operators need to consistently be able to charge at the lowest prices, and discharge at the highest. Given how irregular and unpredictable prices can be… this isn’t always simple. To help operators maximize revenue in real time, Tyba recently rolled out Dynamic Price-Quantity (PQ) Bidding — an advanced algorithm that enables assets to sell the most capacity into the highest peaks, and charge into the lowest troughs. How it works:  This approach figures out how much capacity we are willing to commit at given price levels. Instead of committing fixed quantities, the optimizer places multiple bids at different price levels for each interval factoring in forward looking buy/sell opportunities and  adhering to all physical and market constraints. 🔋 Example: Discharge 30MW if prices are $50-100, 60MW from $101-$500, and 100MW if prices exceed $501. With Dynamic PQ Bidding, #batteries can achieve higher revenue outcomes and gain downside protection as price becomes the determinant of how much capacity you buy or sell at any point. More details on the methodology + four examples from real operating here.  

  • View organization page for Tyba

    2,474 followers

    Meet Tyba’s Modeling & Optimization team! Successful #energystorage operations requires more than just market access. Nuanced forecasts and advanced optimization #software are key to executing more complex, performance-maximizing strategies. Our Modeling & Optimization team works on building and improving these models every day. Their mission? To make sure our customers’ batteries make the best possible decisions incorporating up-to-date information, while adhering to all wholesale market rules and physical asset constraints. They make this a reality through:  ⚡ Forecasting: Leveraging grid information and weather data to create probabilistically calibrated, node-level price forecasts. 📊 Optimization Modeling: Mathematical models that intake the most recent forecasts, and account for all market rules and physical project/battery constraints to configure and execute a revenue maximizing operating strategy. 🚀 High-Performance Software: Build efficient systems that bring it all together — powering our live 24/7 decision-making platform. The best part? The team is growing! Check out our careers page for details on the open roles. 

    • Tyba's modeling team working through optimization equations.
  • View organization page for Tyba

    2,474 followers

    When assessing storage asset performance, how do you know what good looks like? Total revenue doesn’t tell the full story. An asset at a highly volatile node might see high earnings just by being in the right place at the right time, while another asset at a less volatile node may be optimizing exceptionally well but working with smaller price spreads. One way to benchmark performance is by looking at the % of TB2 captured — or the percent of total revenue opportunity an asset actually realized. 📈 If an asset captures a high % of the TB2, it means it effectively optimized its available capacity. For those with >100% it means intra-hour and cross-product maximization. 📉 If an asset captures a low % of the TB2, it likely left value on the table. Ability to maximize the revenue opportunity is most telling of optimal operations. #energystorage #ERCOT

    • Benchmarking storage performance ERCOT
  • View organization page for Tyba

    2,474 followers

    The past few months, there has been a lot of focus on Real-Time #Energy price spikes in #ERCOT. While these are ‘must-hit’ moments, it is also important to recognize that Day-Ahead (DA) Energy prices have cleared higher than Real-Time (RT) fairly consistently – and especially in the 6-8am hours. Forecasting which product will be priced highest, and in which moments, matters as much as ever. This was magnified yesterday (February 20th). We saw: 🔌 Record-breaking electricity demand, with load peaking over 80GW+ in the morning 🔋 Over 4.5GW of storage was discharging into this peak 📈 DA Energy prices cleared ~$900 (3x premium to RT) Sharing what we forecasted prior to the DA market close for ERCOT’s West Hub, which helped our optimizer configure a bidding strategy that allocated into the DA Energy market from 6-8am vs. leaving for RT. Delivering consistent revenue on a day-to-day basis is critical for storage assets aiming to maximize total revenue. Since bidding into DA comes with a level of risk (you are exposed to cover in the RT market if you do not dispatch), always ensure the prices being offered clear your risk/reward threshold – and that your DA vs. RT forecasts are well calibrated!

    • February 20th 2025 Day-Ahead Energy Spike in ERCOT
  • View organization page for Tyba

    2,474 followers

    We are headed to the #ERCOT Market Summit in Austin next week ✈️ With ERCOT’s rapid growth and evolving policies, there’s a lot to discuss about optimizing storage operations and maximizing revenue. Tom Thunell, our co-founder, will be there — will we see you? What topics are you most excited to dive into at the summit?

  • View organization page for Tyba

    2,474 followers

    The shift to energy arbitrage as the primary form of revenue generation for #energystorage assets in #ERCOT continues 🔋📈 Looking back at battery performance from November 2024 via ERCOT’s 60-day disclosure data, we can clearly see that the top assets made the vast majority of their revenue from Real-Time Energy. Much of this revenue was concentrated on two key days where prices were in the triple digits across zones. Looking at the strategies of these top performers – and comparing them to the approaches of median and low performing assets – makes it clear just how important it is to have accurate forecasts, and the agility to adjust your operating plan in real-time. On these big days, discharging too early, or allocating capacity to AS/DA energy have six figure+ ramifications for operators.

  • View organization page for Tyba

    2,474 followers

    "Our goal from the outset was clear: create a solution that makes energy storage accessible and profitable for everyone in the industry, regardless of scale or resources." 🔋 📈 Our CEO & Co-Founder Michael Baker shares the story of building Tyba alongside Tom Thunell and Tyler Nisonoff, and unpacks why storage assets are both: 🔋 Critical to grid decarbonization and 🧩 Hard to operate optimally (without advanced software) We're excited to newly be partnering with Energize Capital, Pear VC. Mobilize Climate Capital, Borusan Ventures, and to grow our partnerships with Powerhouse, Wireframe Ventures, Lorimer Ventures, and Virta Ventures. Together, we'll be able to scale our impact and create a cleaner, more reliable energy future together. https://lnkd.in/ej4HDY5T

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Funding

Tyba 2 total rounds

Last Round

Series A

US$ 13.9M

See more info on crunchbase