Australia is one of the mature markets of Virtual Power Plants (VPP) across the globe. The market maturity is due to the high proliferation of grid-edge renewables such as solar rooftops and residential battery storage, enabling electric utilities to utilize these renewables to address grid congestion challenges. The VPP trend is expected to gain more traction in the coming years in line with the renewable expansion in Australia.
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GCC/Rest of APAC
• Power grid alerts are becoming more frequent in Canada and the US due to extreme weather.• Grid operators are using costly conventional power...
• Economies across the globe, specifically advanced economies like the US, are rapidly deploying renewable energy and electric vehicles to meet the...
VPPs have enabled electricity consumers to participate in the electricity market and act as prosumers of electricity that provide services to the...