The Immense Social and Economic Benefits Of Aggregated Residential Energy Storage Systems—or, Virtual Power Plants
- Jan 22, 2021 2:16 am GMT
This item is part of the State of the Industry 2021 SPECIAL ISSUE, click here for more
Here are some facts.
Every year moving forward, monstrous wildfires will rage all across the state of California. Lives will be lost, homes decimated, communities reduced to ash. PG&E corp, meanwhile—the aging utility that powers nearly all of the golden state—will be at least partly responsible. Its outdated infrastructure has already sparked 6 of the 10 most damaging wildfires in California history, including last year’s Getty Fire, and the utility has made it clear that it won’t be updating its equipment any time soon—the cost of overhauling its infrastructure is prohibitively high. Its response instead has been (and will be) to impose blackouts. PG&E imposed 10 blackouts in 2019 alone. Estimates suggest the economic cost of just one of those blackouts—in October—totaled more than $2.5 billion.
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