30 Sep '13, 2pm

Virtual Power Plants: A New Model for Renewables Integration

Virtual Power Plants: A New Model for Renewables Integration

The boom in smaller installations, which are benefitting from new technological developments and business models, is undermining the traditional advantages associated with building large centralized power generation, such as economies of scale. For example, self-consumption, where consumers become producers of their own power (or "prosumers"), has caused major utilities to respond with new business models designed to keep those consumers as customers. Virtual Power Plants One distributed generation technology with significant growth potential is the virtual power plant (VPP). In the VPP model an energy aggregator gathers a portfolio of smaller generators and operates them as a unified and flexible resource on the energy market or sells their power as system reserve. VPPs are designed to maximize asset owners' profits while also balancing the grid. They can match load fluct...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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