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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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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.

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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.

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Virtual Power Plant (VPP) market is projected to grow at a CAGR of 21.1% by 2034: Visiongain

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.

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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.


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