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A Virtual Power Plant - VPP - is a cloud-based distributed power plant that aggregates distributed energy resources to enhance power generation and trade in the electricity market.
A Virtual Power Supply is a network of decentralized, medium-scale power generating units as well as flexible power consumers and storage systems. While a microgrid is considered a single site, a VPP comprises multiple sites, technologies and assets which are integrated and centrally controlled while maintaining independence.
How Does It Work - VPPs combines multiple electricity sources into a larger power network that can operate as a mini power station, delivering renewable electricity to the grid and providing network support services on demand.
A Virtual Energy Network - VEN - utilizes pre-existing renewable energy installations with new generation capacity to facilitate a comprehensive, flexible network. A VEN can include local industry and community partners that require additional generation and storage capability.
Virtual Power Purchases are a form of price hedge whereby an entity enters into a contract to pay a renewable energy project on an agreed take-off price. The renewable energy project sells the generated power into the local wholesale market on a merchant basis.
Virtual Battery Storage - Individual customers are allocated virtual storage capacity in the battery based on the storage option selected and the Power Bank Saver Plan terms and conditions.
DERMS - VPP solutions have a commercial market focus with system-wide benefits whereas DERMS solutions focus on grid operations with benefits specific to distribution feeders and circuits.
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