Blog Posts on VPP
In a Virtual Power Plant, thousands of systems provide balancing services every day. But how exactly are the individual units selected for the provision of balancing energy? Which factors are taken into consideration?
For a couple of years now, the role of the Virtual Power Plant has been established in the energy industry. Today, it is pretty clear what a Virtual Power Plant is and why it makes sense to network, forecast, optimize, and dispatch a fleet of coordinated distributed energy resources (DER) such as wind, solar, bioenergy, hydropower, batteries, electrolyzers, and many more. But how do you make money with a Virtual Power Plant? What’s the business case of a VPP operator, or to use a synonym, of an aggregator?
Our blog series reports on the electricity markets of the world. Our next stop is Russia - Tobias Weghorn, International Business Development Manager at Next Kraftwerke, explored the country's VPP potential.
What is OTC trading? Definition If a buyer and a seller execute a sales contract for a physical item, the seller hands the product over the counter to the buyer. This is the essence of "over the counter" or OTC trading. In power trading, no physical goods are exchanged, but the principle of a direct, over-the-counter trade More…
In the second part of our series, we will talk about different concepts for Virtual Power Plants on islands and island groups for providing a sustainable and secure power supply.
Somewhere in the big blue ocean, there lies an island that can serve as a blueprint for the approach to tackle the challenges of climate change with a self-sufficient supply through renewable energies.
What is a Virtual Power Plant? Definition In a Virtual Power Plant, decentralized units in a power network are linked and operated by a single, centralized control system. Those units can be either power producers (e.g. wind, biogas, solar, CHP, or hydro power plants), power storage units, power consumers or power-to-X plants (such as power-to-heat More…
Flexibility is the defining principle of tomorrow's electricity market: Helen Steiniger analyses the transition from inflexible concepts of the past to the dynamic electricity markets of the future.
In our future energy systems we will pretty often see times where, let’s say, a sudden storm front brings heaps of cheap and green and beautiful but, alas, in that particular time unneeded wind power into the system. And we will see times where the opposite happens: a sudden shortage of wind and solar power. What can we do about it?