Virtual Power Plants (VPP’s) are digital platforms that aggregate multiple distributed resources including solar panels, battery storage, commercial/industrial/residential demands and funnel them into a single, coordinated network that operates like a traditional power plant.
There are many benefits to VPP’s and we’ve listed some below.
Cost-Effectiveness: More economical than traditional peaker plants as they can provide energy at a lower cost during peak times.
Grid Stability: They help balance supply and demand which reduces outages and also maintains voltage levels on the grid.
Consumer Incentives: Businesses and households who participate in VPP programmes often get financial benefits such as bill credits or direct payments for utilising their energy resources.
Environmental Impact: VPP’s utilise renewable energy resources and in turn they contribute towards reducing greenhouse gas emissions and promote sustainable practices.
Picture: solarreviews.com