![]() ![]() Investment in these so-called distributed energy resources is forecast to eclipse $110 billion between 20, according to research firm Wood Mackenzie. "Virtual power plants are at the center of that." Department of Energy, said in an interview. "We can use our existing assets more efficiently as opposed to raising rates for all electricity users by doing things less efficiently," Jigar Shah, director of the Loan Programs Office at the U.S. ![]() Though still nascent, VPPs are poised for big growth in the United States in the coming years thanks to President Joe Biden's new climate change law that includes incentives for electric cars, solar panels and home batteries. Energy experts say they are key to reducing the power industry's dependence on climate-damaging fossil fuels as the nation moves toward electrifying transportation, buildings and industrial sectors. When used this way, they are called virtual power plants, or VPPs. You can also visit our Learning Centre to learn more about the wide range of benefits that going solar can offer.Jan 31 (Reuters) - Solar panels and home batteries have soared in popularity because they allow consumers to generate and store their own carbon-free power and save on their electricity bills.īundled together by the hundreds or thousands, these devices can also serve as a critical tool: they can be called on to supply vast amounts of power when grid supplies are stretched or store it when there is more solar and wind power than needed. Just give our friendly team a call on 1300 766 940 to find out more or lock in your Simply Energy VPP offer today! We’ve got a handful of options to suit your specific needs and interests.
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