Virtual Power Plant
FlexyWatt is a dedicated solution for energy management systems, enabling the integration of distributed energy resources into a Virtual Power Plant (VPP) to enhance grid stability and efficiency.
Virtual Power Plant (VPP)
Virtual power plants (VPP) can act as physical power plants in many aspects, including provision of grid management services and sale of energy while actively participating in a multitude of energy markets. FlexyWatt provides a dedicated VPP solution for energy consumers, storage facility owners, distributed energy producers and on-site energy generators, increasing their incomes from their assets.
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A Virtual Power Plant (VPP) is an aggregation of various grid connected energy generation, consumption and storage assets, with the objective of providing many services provided normally by physical power plants.
Renewable energy power plants such as wind, solar, bioenergy and hydropower are generated by numerous producers spread geographically. Consumers, prosumers and storage units are also distributed geographically. By remotely connecting and managing these mostly uncontrollable units by means of an AI driven, cloud-based IoT management platform, FlexyWatt bundles them into one large-scale and reliable entity.
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This entity, a Virtual Power Plant, is capable of providing services and energy, benefiting its participants and the grid. The energy supply and grid services of the virtually created entity can be traded in the market. FlexyWatt platform allows our customers’ intermittent renewable generation to be scheduled seamlessly.
Depending on the specific market design, VPP’s can provide a range of services. The overall objective of a VPP is to monitor, forecast, optimize and trade the power of the connected assets, considering the market needs. The uncontrollable fluctuations in the renewable power generation is counterbalanced by managing the controllable consumption units and storage units. This makes it possible for the individual power producing participants, especially smaller entities, of the VPP to sell energy on a much stable basis and at a higher price. Additionally, VPP participants benefit from provision of balancing and ancillary services to the energy markets.
VPP’s make the incorporation of more renewable assets to the energy grid possible, helping combat GHG emissions.
VPP Benefits