A small-scale trial of solar energy trading between households in Western Australia has found that peer-to-peer (P2P) energy trading is technically feasible and that virtual power plants (VPPs) could help deliver a lower cost grid.
The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$620 billion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.
Virtual power plants (VPPs) can greatly increase the value of home energy storage systems for a range of stakeholders including grid operators, utilities and their customers, according to SolarEdge, which has just launched a VPP software platform.
Energy storage in the state of South Australia has continued its prolific pace of development with the announcement of two new grid-scale projects and a sizeable commercial and industrial (C&I) installation.
Lichtblick, a retailer of ‘green electricity and green gas’ headquartered in Germany, is looking to take its concept for integrating multiple distributed generation sources into a single network into international markets.