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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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Virtual power plants: a response to Taiwan and Japan's seismic risks
With its dense population and seismic activity, Taiwan faces formidable challenges in maintaining a steady energy supply. Similarly, Japan is also threatened by quakes. In response, Japan initiated the development of virtual power plants (VPPs) in 2016.