Virtual Power Plant
FlexyWatt is a dedicated solution for energy management systems.Today, we are experiencing a gigantic global transformation in the energy world.
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.
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.
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
F.A.Q.
What is a VPP?
A Virtual Power Plant (VPP) is a network of decentralized, medium-scale power generating and storage units connected and coordinated through advanced software. VPPs combine various energy resources like solar panels, wind turbines, and energy storage systems, integrating them into a unified and flexible energy resource. They are a modern solution to the growing demands and complexities of energy grids, representing a shift towards more sustainable and efficient energy management practices.
How VPPs Work:
VPPs operate by using advanced software and AI algorithms to manage and aggregate the power generated or stored by a diverse array of distributed energy resources. These resources are remotely controlled and optimized in real-time, allowing for efficient distribution of electricity. The central control system of a VPP effectively balances supply and demand, ensuring grid stability and optimizing energy usage.
Benefits of VPPs:
- Enhanced Grid Stability: VPPs contribute to the stabilization of the power grid by balancing supply and demand, especially during peak times or in emergency situations.
- Increased Efficiency: By optimizing energy distribution and usage, VPPs increase overall grid efficiency.
- Support for Renewable Energy: VPPs facilitate the integration of renewable energy sources into the grid, supporting sustainable energy initiatives.
- Cost-Effectiveness: Through efficient energy management, VPPs help in reducing operational costs and minimizing the need for expensive infrastructure investments.
- Emission Reduction: By integrating more renewable sources, VPPs contribute to the reduction of greenhouse gas emissions.
Technologies of VPP:
- Advanced Software Platforms: Central to VPP operation, these platforms handle data analysis, management, and real-time optimization of energy resources.
- AI and Machine Learning Algorithms: These are used for predictive analysis, ensuring efficient energy distribution and demand forecasting.
- Smart Meters and IoT Devices: These provide real-time data on energy production and consumption, facilitating effective management and control.
- Energy Storage Technologies: Essential for balancing energy loads, these technologies store excess energy for later use, ensuring a constant energy supply.
- Communication Networks: Robust and secure communication channels are crucial for the real-time coordination and control of distributed energy resources.