Virtual Power Plant Market Size, Share, By Technology (Distribution Generation, Demand Response, and Mixed Asset), By Source (Renewable Energy, Energy Storage, and Cogeneration), By End-User (Utilities, Commercial, Industrial, and Residential), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis and Forecast till 2034

Report Code: PMI540924 | Publish Date: July 2024 | No. of Pages: 197

Virtual Power Plant Market Companies

  • Siemens
  • General Electric
  • Tesla
  • Sunverge Energy, Inc.
  • ABB
  • Next Kraftwerke
  • AGL Energy
  • Open Access Technology International, Inc.
  • Flexitricity Limited
  • Limejump Limited
  • Toshiba Energy Systems & Solutions
  • Hitachi, Ltd.
  • Olivene, Inc.
  • AutoGrid Systems, Inc
  • Centrica

Recent News:

  • In January 2023, GM, Ford, Google, and solar energy providers announced that they will collaborate to create guidelines for increasing the usage of virtual power plants (VPPs). These devices reduce demand on electrical grids during times of scarcity.
  • In February 2021, Hitachi ABB Power Grids will provide battery energy storage and smart controls for Singapore's first virtual power plant (VPP) as part of research to verify methods for incorporating more renewable energy into the city-state's electrical networks. According to the company, the effort will help integrate electricity from different distributed energy resources (DERs), such as solar power, in a way that resembles the functioning of a utility-scale power system. Hitachi ABB Power Grids will deliver e-mesh, the company's digital controls platform, and its Powerstore battery storage technology.