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What is a virtual power plant?
A virtual power plant is a network of energy devices, like rooftop solar, batteries and EVs, that are pooled together to serve the grid. With participants approval the devices can be called on by system operators to share, reduce and store electricity. VPPs are capital and cost-efficient choice for utilities, creating new revenue streams that also benefit consumers, while reducing the overall cost of the electricity system.
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Bidirectional charging EV batteries could help EU save over $23 billion a year
Storing renewable energy in electric vehicle batteries (EVs) instead of stationary energy storage facilities could help the European Union save over 106.5 billion dollars (100 billion euros) over ten years, according to a European Federation for Transport and Environment (T&E) study. If the intricacies are worked out, EVs could become the fourth-largest electricity supplier in the EU by 2040.
Bidirectional EV charging, VPP bill passes Maryland Assembly, heads to governor’s desk
The DRIVE Act would require utilities to support vehicle-to-grid technology in a distributed energy resource portfolio amid efforts to shore up the congested PJM Interconnection.
How Vietnam is using e-scooters to save businesses from power outages
Vietnam has millions of e-scooters and an unstable power supply. One might think that these two things signal trouble when put together, but here’s how some Vietnamese are using their e-scooters to improve stability of the electrical grid and help small businesses avoid blackouts.
Car batteries can optimize the power grid
Australian researchers have found that if 10% of vehicles are electric and utilize V2G connections, they could reduce peak electricity demand at local substations by 6% and save car owners hundreds of dollars per year on charging costs.
PG&E trials V2X for public shutoff backup power
PG&E, Kaluza and Wallbox are partnering on an EV and V2X programme in California, which will use dynamic tariffs to reward customers for providing surplus power back to the grid during public safety power shutoff events.
Why some of the biggest names in tech and auto are teaming up on virtual power plants
Virtual power plants are already helping prevent power outages, but they lack a structured environment. A new coalition aims to change that.
IEEFA: Virtual power plants are the future of electricity retailing
As Australia surpasses three million rooftop solar installations, households looking to buy a battery storage system or electric vehicle can be part of a new kind of power plant bringing about faster, cheaper decarbonisation. In the future, so-called ‘virtual power plants’ that harvest distributed renewable electricity and demand response will play a major role, says a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).
Electric-vehicle virtual power plant scales up in UK with funding
The UK’s first electrically-chargeable vehicle (EV) virtual power plant (VPP), run by ev.energy, has been awarded an additional £295,000 (€352,000) in funding, taking its total finance pot to £754,000. Provided by Innovate UK, the money will be used to scale the VPP, which will help stabilise the country’s power grid as electromobility accelerates.
EV-Based Virtual Power Plants Shift Peak Load and Save Money
A recent study found that electric vehicle (EV) batteries used as a utility virtual power plant (VPP) could shift the entire residential peak load to nighttime hours with only 10% EV market saturation.