Virtual Power Plants Provide Engine for Scaling Behind-the-Meter Storage
We've recently seen a rash of virtual power plant (VPP) announcements including two in Japan from Stem and Sunverge with Mitsui; one in Ireland from Electric Ireland, Solo Energy and ESB Networks; three in Massachusetts under the Advancing the Commonwealth Energy Storage (ACES) Program from SolarCity/Tesla, Sunrun and Borrego Solar; and one in Arizona from sonnen and Mandalay Homes. Additional VPP projects are underway in Germany, Australia and Canada.
This short report describes how VPPs provide an opportunity to unlock greater economic value from behind-the-meter storage, building a pathway to deploy systems on a larger scale.
This report is only available to subscribers of GTM Research's Energy Storage Service.