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.

The virtual power plant market size has grown exponentially in recent years. It will grow from $2.35 billion in 2023 to $2.86 billion in 2024 at a compound annual growth rate (CAGR) of 21.9%. The growth during the historic period can be largely attributed to the expansion of renewable energy sources, advancements in energy storage technology, government support and incentives, the initiation of pilot projects and demonstrations, as well as the increasing decentralization of energy systems.

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.

How VPPs enable utilities and their regulators to reliably and affordably manage summer peaks.

How utilities and their customers are already benefitting from VPPs and insights for future implementation.

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

Türkiye’s rooftop solar potential is close to ten times its current installed solar capacity - enough to meet 45% of electricity consumption.

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.

A new study prepared for Google by energy analysts from The Brattle Group explores the cost and ability to serve critical resource adequacy needs from an emerging resource: virtual power plants (VPPs). These distributed energy resource (DER) portfolios – which can include technologies such as rooftop solar, smart thermostats, smart water heaters, electric vehicles, and distributed batteries – are actively controlled by utilities and energy service providers to benefit consumers, the power system, and the environment.

This review paper describes the significant economic, social, and environmental benefits of VPPs, as well as the technological advancements, challenges, and possible future research directions in VPP research.

This video explainer was published by Reuters on 12 January 2023. "Companies including GM, Ford and Google say they want to work together to scale up the use of virtual power plants, which are positioned for explosive growth in the United States and could help balance the supply and demand of energy."

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

How aggregating distributed energy resources can benefit communities, society, and the grid.

Assessment of Strategy and Execution for 16 Companies

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).

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.

VPPs have been lauded as a major part of the future energy mix in the Australian National Electricity Market (NEM). When the Australian Energy Market Operator (AEMO) announced its VPP demonstrations project in 2019, AEMO predicted there could be 700MW of VPPs by 2022.

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.