26 Feb '16, 4pm

Emerging trend: virtual power plants to make renewables dispatchable

Emerging trend: virtual power plants to make renewables dispatchable

Speaking at the opening session of the DistribuTECH conference in Orlando on Feb. 9, Michael Liebreich, founder of Bloomberg New Energy Finance , noted that 2015 marked the first time that renewable energy attracted more global capital than fossil fuel generation. Clearly, he said, “those years when we could refer to renewable energy as ‘alternative’ are well and truly over.” The catch, Liebreich said, is that adding clean but variable power complicates the business of delivering electricity. “(Renewable energy) is not easy to manage,” he said. “But (given price trends) if it’s that cheap, utility after utility will have to buy at least some and figure out how to integrate it.” In fact, the job of managing the impact of solar and wind on the electric distribution grid dominated DistribuTECH, reverberating across the conference’s 14 education tracks and more than 500 vendor...

Full article: http://www.solarelectricpower.org/utility-solar-blog/2016...

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