1. Transforming the Market for Virtual Power Plants with Advances in Energy Storage

    Transforming the Market for Virtual Power Plants with Advances in Energy Storage

    The evolution of energy markets is accelerating in the direction of a greater reliance upon distributed energy resources (DER), whether those resources generate, consume, or store electricity. One strategy to address this trend is a virtual power plant (VPP), the concept that the intelligent aggregation and optimisation of DER can provide the same essential services as a traditional 24/7 centralised power plant. As a result of the wide divergence of what constitutes a VPP, Navigant Research has come up with its own definition, which has generally been validated by market participants: “A VPP is a system that relies upon software and a smart grid to remotely and automatically dispatch retail DER services to a distribution or wholesale market via an aggregation and optimisation platform.”

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