Today’s energy grid needs more flexibility to balance supply and demand as traditional “peaking” generators retire, as electrification expands, and as extreme weather events multiply. While virtual power plants have been providing value to the grid for years, their potential value continues to increase as the number of distributed energy resources grows.
First of all, though, let’s get clear on what distributed energy resources and virtual power plants are. “Distributed energy sources are behind-the-meter load, generation, storage – those kinds of assets or characteristics that all customers really have that can be dispatched, called on by the grid in times of need,” Smith summarizes. “So think about any building that has any amount of load could potentially be a distributed energy resource.
That’s an impressive breadth of coverage! As the network has grown and as programs tapping these resources have gotten more sophisticated, CPower’s role has expanded. “What we’re finding is, these markets, you know, 10 years ago used to be kind of blunt instruments. You know, you needed a capacity resource, you called on a capacity resource — done and dusted. The resource may not even show up, but it gets paid just to be available., we are able to deploy resources in ancillary services markets, which we call fast-acting markets, so they can support the grid in multiple ways.
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