Does a virtual power plant belong to energy storage

What is a virtual power plant?

A virtual power plant is a system of distributed energy resources that work together to balance energy supply and demand on a large scale. These resources include rooftop solar panels, electric vehicle chargers, and smart water heaters. They are usually run by local utility companies who oversee this balancing act.

How does a Virtual Power Plant (VPP) system work?

In a Virtual Power Plant (VPP) system, customers both consume power and contribute it back to the grid. This dual role can improve their understanding of the grid and get them more invested in the transition to clean energy.

What is a significant opportunity for virtual power plants?

Electric vehicles offer a significant opportunity to provide FCAS to support the grid. While household solar batteries are an early focus, the term ‘virtual power plant’ can refer to energy pooled from a wide range of energy assets or generators.

Who can benefit from a virtual power plant?

Numerous stakeholders across the energy market can benefit from a Virtual Power Plant (VPP). At Fusebox, the main types of business we support include: Incorporate more renewable energy sources into their operations. Provide innovative flexibility services to their clients, leveraging demand-side resources effectively.

Are electric vehicles a 'virtual power plant'?

While household solar batteries are an early focus, the term ‘virtual power plant’ can refer to energy pooled from a wide range of energy assets or generators. Electric vehicles offer a significant opportunity in this regard, as they can provide Frequency Control and Ancillary Services (FCAS) to support the grid. This is currently being trialled by ACT energy provider ActewAGL.

What kind of energy assets can be part of a 'virtual power plant'?

While household solar batteries are an early focus, the term ‘virtual power plant’ can refer to energy pooled from a wide range of energy assets or generators.