What is a virtual power plant (VPP)?

VPPs will be a key near-term solution to existing energy challenges, including rising costs, interconnection backlogs, peak demand increases, and distribution system congestion. LPO can finance VPP-related projects to advance equitable clean energy access and support grid flexibility, resilience, and reliability. Why Virtual Power Plants?

What is a virtual power plant?

A virtual power plant is a system of distributed energy resources—like rooftop solar panels, electric vehicle chargers, and smart water heaters—that work together to balance energy supply and demand on a large scale. They are usually run by local utility companies who oversee this balancing act.

Why should LPO invest in virtual power plant projects?

LPO investments in virtual power plant projects help advance equitable clean energy access and empower Americans to support grid flexibility, resilience, and reliability.

Can I add a virtual power plant to my project?

Add a Virtual Power Plant to your project. Since 2018, sonnen has partnered with innovative builders, developers, and utility partners across the US to support the development of cleaner and healthier communities, like Soleil Lofts.

Where are virtual power plants located in the world?

For an overview, refer to the diagram below: And a 2019 graphic by Statista.com called “ Market share of virtual power plants worldwide in 2019, by region ” states that North America has the largest share of VPPs with 37.57% followed by Europe (33.1%) and Asia Pacific (21.58%).

Do virtual power plants have a physical form?

For more than a century, the prevalent image of power plants has been characterized by towering smokestacks, endless coal trains, and loud spinning turbines. But the plants powering our future will look radically different—in fact, many may not have a physical form at all. Welcome to the era of virtual power plants (VPPs).