Fusebox is confident in the future of VPP – as – a – Service.

What is VPP, and why will it have a significant impact on software products for the energy industry? One of the broadest definitions states that a Virtual Power Plant (VPP) is a concept in the energy sector referring to a network of decentralized, often small-scale power-generating units integrated into a unified system through a cloud-based platform or software. This integration allows for centralized control and coordination of these distributed energy resources. VPPs enable more efficient resource utilization, improved energy flow management, and enhanced grid stability. Their importance grows as variable and intermittent renewables take an increasing share of production since VPPs can incorporate demand response capabilities and power storage. Centralized control allows the enhancement of profitability for utilities, reduces costs for consumers, and balancing costs for utilities as well as contributes to network stability. According to the definition, the most crucial aspect of VPP is the software platform. The distributed resources it aggregates can include various forms of power generation, demand, prosumers, power storage, etc. The platform plays a pivotal role, not only aggregating data abut also providing analytics for forecasting flexibility, optimization, and facilitating communication with system operators, traders, etc. Depending on the market regulations, VPPs can serve as… continue reading

Continue reading Fusebox is confident in the future of VPP – as – a – Service.. This article appeared first on CTRM Center.