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Utilities are in a tricky spot. While reliability is one of three key focus areas for utilities as they navigate the clean energy transition, along with decarbonization and affordability, it’s […]
The post Virtual Power Plants: An Untapped Resource for Improving Grid Reliability appeared first on POWER Magazine.
Most people, when they imagine a power plant, picture equipment like smokestacks that stretch hundreds of feet into the sky, massive, spinning turbines and the hum of electric transmission lines […]
The post Unlocking the Benefits of Virtual Power Plants with Digital Technology appeared first on POWER Magazine.
The post Enabling IIoT Connectivity for Virtual Power Plants appeared first on POWER Magazine.
Declarations of climate emergencies in many countries around the world have created awareness for the need to switch to clean energy sources, which in turn has prompted the power industry and governments to take action or set definite goals. Many governments around the world now provide incentives to individuals, industries, and communities who are interested in generating and using power from renewable energy sources such as solar and wind energy.
The power grid has seen many changes that have enabled the integration of power from distributed energy resources (DERs). In the new power economy that is emerging, virtual power plants (Figure 1, VPPs) are showing the way by making it possible to aggregate power from different DERs and providing an efficient platform for energy trading. Catalyzed by these developments, a new “prosumer” class is emerging that consists of consumers who not only consume power from the grid but also produce their own green power and might have excess power to sell.…