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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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GM Energy Has A Broad Vision Including Vehicles, Stationary Storage, Solar, & VPP

GM Energy, a new business unit of General Motors, focuses on offering batteries, EV chargers, and software to residential and commercial customers. The company has recently introduced the Ultium Home product suite, which includes energy storage, solar panels, and bi-directional charging equipment. These products enable vehicle-to-home (V2H) and vehicle-to-grid (V2G) capabilities, allowing electric vehicles to power homes during blackouts or to provide energy back to the grid. GM Energy aims to expand its energy management services to mitigate the effects of power outages and provide cost-effective energy solutions for customers.

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Podcast: Could VPPs save rooftop solar?

In this episode, Shayle talks to Jigar Shah, director of the Loans Programs Office at the U.S. Department of Energy. Jigar argues that the rooftop solar industry should reinvent itself, relying on batteries and virtual power plants (VPPs). He also argues that regulations should focus on system-level dispatchability. 

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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 Global Market Report 2024

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.

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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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