Sunrise brief: Crux announces over $3.1 billion in tax credits transferred
Also on the rise: Sunrun and New York utility embark on residential virtual power plant. U.S. solar factories: From announcements to reality. And more.
Sunrun and New York utility embark on residential virtual power plant
In coordination with Orange and Rockland Utilities, the VPP program makes 300 solar-plus-storage systems available for grid stability.
Sunrise brief: Over 60% of surveyed Trump voters in Texas said they support solar tax credits
Also on the rise: Heliene receives $54 million investment to boost U.S. manufacturing. Enabling distributed battery owners in every state to earn compensation. And more.
How to fix our nation’s growing electricity supply problem
One solution is to aggregate distributed energy resources with energy management systems and energy storage, into virtual power plants, which are proving their worth as key players in increasing grid capacity and balancing the grid.
Commercial real estate to host VPP-connected flywheels and batteries
U.S.-based technology provider Torus has agreed to supply nearly 26 MWh of energy storage for Gardner Group’s commercial real estate portfolio. The project will integrate battery and flywheel energy storage systems (BESS, FESS) with Torus’ proprietary energy management platform.
Sunrise brief: Solar panel import tariffs increasing prices by up to 286%
Also on the rise: Total U.S. solar module manufacturing capacity grows by 71% in Q1 2024. California bill amends ruling that gutted value of solar for multi-meter properties. And more.
DOE funding available for distributed energy resource operations software
The Department of Energy announced $31 million in funding for research to improve distribution level grid operations of solar, wind, energy storage, and other inverter-based resources.
Texas is the proving ground for a new way of electric grid operation
Texas is uniquely suited to adopt virtual power plant technology due to its competitive, deregulated market. Its success highlights the “perverse incentive” of vertically integrated utilities in other states to make capital expenditures without discretion to raise profits.
Sunrise brief: The role of states in promoting virtual power plants
Also on the rise: Qcells residential solar financing arm closes its first asset backed securities. NYPA prequalifies 79 developers and investors for renewable projects. And more.
What are states doing to make virtual power plants a reality?
With policymakers, utilities, and private enterprise working collaboratively to find solutions that work for a given state’s unique circumstances, we will surely see continued growth of virtual power plants.
