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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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EV-Based Virtual Power Plants Shift Peak Load and Save Money
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.
Virtual Power Plants Go Global
As distributed energy resources (DER) continue to proliferate, so do the reliability challenges associated with smaller, diverse, and dispersed assets now populating the world’s aging grid infrastructure.