Hype aside, virtual power plants are breaking through
This article was originally posted to Power Grid International on 1st July 2024.CPower CEO Michael Smith joined the Factor This! podcast to break down the technology behind VPPs, where the industry stands today, and the critical markets no one is looking at.
Virtual power plants were always doomed to fall into clean tech’s notorious hype cycle.
There are plenty of reasons for that, but start with the name. ‘Virtual power plant’ means everything and nothing all at once. Then there’s the origin story—one rooted in the far-less-sexy, and decades-old concept of demand response. Round that out with projections that utilities could save as much as $35 billion in just 10 years by embracing VPPs and you have the makings of a hype cycle even green hydrogen can’t reach.
But VPPs are proving to have staying power. Federal and state policies have opened new markets. The tech works, and projects are being deployed at breakneck speed.
Episode 79 of the Factor This! podcast features Michael Smith, CEO of the leading C&I virtual power plant provider CPower, who breaks down the technology behind VPPs, where the industry stands today, and the critical markets no one is looking at.
That’s all next on Factor This!
Watch the full episode on YouTube
