Power grids globally must be upgraded by 2040 to keep the lights on. And while these upgrades will likely cost trillions, virtual power plants (VPPs), writes Autogrid’s Gisela Glandt, can curb these costs to the tune of $10B annually.

By orchestrating EVs, batteries, and smart home devices, VPPs can help make the grid cleaner and more efficient.

Canada’s Independent Electricity System Operator (IESO) and EnergyHub, a grid-edge flexibility provider, have announced the enrolment of more than 100,000 homes in the Save on Energy Peak Perks programme, calling it the largest residential virtual power plant (VPP) in Canada.

Visiongain has published a new report entitled Virtual Power Plant (VPP) Market Report 2024-2034: Forecasts by Component (Software, Hardware), by Technology (Demand Response VPP, Distributed Generation VPP, Mixed Asset VPP), by End-user (Residential, Commercial, Industrial, Utility), by Generation Source (Solar PV, Wind Power, Combined Heat and Power (CHP) Units, Energy Storage Systems, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis.

CNBC's Pippa Stevens joins 'Squawk Box' to report on virtual power plant and more.

Opportunities, risks and the changing growth profile of distributed energy resources in the US.

Virtual power plants (VPPs) coordinate distributed resources and demand for a more resilient, cost-effective energy transition. And they are gaining traction in the United States.

How 'virtual power plants' are smashing electricity bills in Australia.

Virtual power plants are already helping prevent power outages, but they lack a structured environment. A new coalition aims to change that.

Origin Energy says it will build the massive Eraring battery over two stages, and is also aiming to grow its in-house “virtual power plant” to 2GW or more to provide a “very low cost” replacement for the country’s biggest coal generator.

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.

Energy Conference covers new green energy program with HECO.

This article is one in a series investigating the importance of modernizing and decarbonizing the electric grid.

The power industry must overcome significant challenges in its journey to digitize, but successful transformations could result in the next S-curve of performance.

Driven by Forward Thinking Distributors and Property Developers, Virtual Power Plants are Growing Globally. Are Costa Rica and Honduras Missing Out?

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.

A smart, flexible electricity grid could help the UK cut carbon more cheaply, saving up to £40bn between now and 2050.