virtual power plant

A blockchain pilot wrapped up by European transmission operator TenneT and storage solutions provider sonnen Group this May showed “tremendous potential” when used to network decentralized home storage

KYOTO, Japan (February 25, 2019) — Kyocera Corporation and New York-based LO3 Energy today announced a joint project to test the feasibility of a blockchain-managed virtual power plant (VPP) utilizing a peer-to-peer distributed consensus network. The test will start Feb. 28, 2019 at Kyocera’s Yokohama Nakayama Office in Kanagawa Prefecture, Japan, where a small VPP will […]

The South Korean government has pledged 4 billion Korean won (about $3.5 million) to support a blockchain-enabled virtual power plant (VPP) in Busan, the country’s second-most-populous city after Seoul. Busan officials said they have selected a project to build a VPP on a “citizens-shared” blockchain. Technology Aggregates Resources, Standardizes Transactions A VPP is a cloud-based […]

Tesla in July released more details of its virtual power plant (VPP) project in South Australia (SA), outlining the initiative as well as its resources and the benefits it will bring to the region. The company

NEW YORK (April 2, 2018) – According to the new research report published by P&S Market Research, global virtual power plant market is projected to reach $5,510.2 million by 2023, the market growth is mainly driven by the growing penetration of renewable energy sources in the energy mix across different parts of the world. Virtual power plant […]

The Hawaiian Electric Co. (HECO) and technology service company Stem Inc. have successfully tested nearly 1 MW of energy storage systems at 29 commercial sites on Oahu, the companies said on January 30. The novel pilot project, which sought “the ability to connect many customers’ energy storage with the utility,” comprises an energy storage “fleet” […]

Panels at the 2016 Edison Electric Institute convention focused on technologies and policies at what’s often called the “grid edge.”