Sunrun, a U.S.-based residential solar installer, says nearly 1,800 customers have already signed up to its PowerOn Puerto Rico virtual power plant (VPP). The program deploys stored solar energy from customers’ batteries to the grid, preventing power supply shortfalls on the island.
By operating distributed resources like solar, batteries and demand response devices in concert, California ratepayers could be paid $500 to $1,000 per year while improving resource adequacy.
Also on the rise: Duke Energy pilots incentive program for home solar and storage. The expanding commercial solar PPA landscape. And more.
Solrite Energy says its new power purchase agreement has more agreeable finance terms due to the ability of distributed solar-plus-storage to make money as part of a virtual power plant.
In partnership with utility Pacific Gas and Electric, the residential solar installer enrolled distributed batteries to serve the grid during times of peak demand.
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.
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