White Paper

Unlocking New Value Streams with Multi-Asset Virtual Power Plants

Posted to AutoGrid in the Utility Management Group
image credit: AutoGrid
AutoGrid Contributor's picture
Marketing, AutoGrid
  • Member since 2016
  • 5 items added with 5,408 views
  • Jan 30, 2023

For decades utilities have used demand response (DR) and distributed energy resources (DERs) to reduce peak demand, reduce coincident peaks, manage circuit-specific issues, and support the grid during emergencies. In this new energy economy, virtual power plants (VPPs) enable energy companies to integrate multi-asset DERs into wholesale markets. This strategic shift from offense to defense opens opportunities for additional value streams, greater flexibility, better reserve margins, and reduced emissions.

This whitepaper details how VPP platforms seamlessly orchestrate disparate DERs into single dispatchable resources, covering:

  • How each resource type deploys into the market
  • The pricing strategy for each resource type
  • Creating resource stack for optimal economic dispatch
  • Integrating constraints into the resource stack
  • Automating the re-creation of the resource stack to enable daily or hourly adjustment
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AutoGrid has a 10-year history in demand response, virtual power plants and distributed energy resource management system applications. The recent acquisition by Schneider Electric creates the most scalable & complete solution suite for DERs in the world.
Jesse Nyokabi's picture
Jesse Nyokabi on Feb 14, 2023

Thank you for sharing.

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