The company’s PoweredUp Network program offers qualifying homeowners solar-plus-battery storage systems at zero upfront costs.
Also on the rise: All I want for Christmas is one terawatt of solar deployed annually. 75% of California solar companies are high risk, more bankruptcy on the way. And more.
Virtual power plants (VPP) coordinate home energy resources, dispatching power to the grid at key times of high electricity demand in exchange for compensation.
With net metering waning in the United States and utilities looking for ways to affordably bolster their electricity networks, the US Department of Energy (DOE) is trying to support virtual power plant (VPP) deployment. Solar industry veteran Jigar Shah, known as the father of the solar power purchase agreement, is now leading the charge at the department’s Loans Programs Office.
Each new home will be outfitted with 8 kW of solar and every two homes will be connected with a 43 kWh battery.
Swell Energy and Shifted Energy’s combined solution comprises what the companies say is a turnkey virtual power plant that will provide utilities with forecasts of energy demand and generation across the board.
The program will help homeowners in Derby, Connecticut access solar-plus-battery solutions regardless of their socioeconomic status.
The energy-as-a-service provider had more losses than the expected consensus, but its stock rose based on an optimistic view for 2024.
The company released an optimized time-of-use solution to unlock value under California’s net energy metering 3.0 electric rate environment.
The agreement will advance Project Hestia, a low-income distributed clean energy program.
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