Use your Power to Stabilize the Grid
The increased volatile feed-in of renewable energies brought a challenge to managing power grids: a stronger fluctuating grid frequency. These fluctuations need to be minimized in order to keep the grid stable. Aggregated in a Virtual Power Plant (VPP), distributed assets can play a vital role in levelling out these fluctuations. Next Kraftwerke networks small-scale producers, storage units and C&I-consumers in its VPP and thereby provides access to profitable balancing energy markets.
Balancing Energy from Distributed Assets
Requirements for the Provision of Balancing Services
Different countries have varying balancing service products and requirements. But generally speaking, if you are operating an asset that has the capability of ramping up or down its power production, you can provide balancing energy through a VPP. Once your asset is prequalified (technically and functionally checked for complying with the transmission code), the unit will be part of the VPP providing balancing energy. In case of a frequency imbalance the VPP will receive an order from the TSO requesting a certain amount of power in order to balance out frequency deviations.
For providing balancing energy, your asset needs to provide the following features:
- Continuous power production
- Possibility for remote control of your asset
- Fast reaction time of your asset's power production
Additional Revenues through Demand Response
More consumption processes than you might imagine are suitable for providing balancing energy. The following aspects are indicators that your process might also be able to provide demand response services:
- Continuous power consumption
- Possibility to temporarily reduce load within the consumption process
- Possibility to ramp up the consumption on short notice
- Existence of a buffer (batteries or storage tanks, silos)?
- Automated consumption control via process control technology
- Existence of own power production on the companies premises (CHP, emergency generators, power to X, etc.)
How to Start
Bringing your asset to the balancing energy markets is basically done in three simple steps:
Numbers & Facts
We are Next Kraftwerke
As one of the largest Virtual Power Plants in Europe, we network thousands of decentralized electricity generators, consumers and storage units. Through this network, we enable smaller units such as wind, solar, and biogas plants, as well as battery storage and electricity consumers, to participate in lucrative electricity markets. With our own trading floor, we trade on various European power exchanges and provide balancing power for grid stabilization. This way, we help shape the energy landscape of the future - for a power supply from 100% renewable energies.
Get in Touch
Please fill out the contact form below, if you want further information about your options regarding schedule optimization for your power producing asset or your power consumption process