Guest blogger Peter Asmus of Navigant Research writes about the virtual power plant market in Europe.
Europe, considered the birthplace of the virtual power plants (VPPs), is pushing the envelope on the concept. The continent is adapting platforms to provide new and more sophisticated capabilities to maximize the value of flexibility resources while opening doors to new value streams linked to creative ancillary service markets and real-time energy trading.
Historically, the European VPP market has centered on renewable energy integration. While this remains the case today, a shift is underway to learn from other evolving VPP markets in Canada, Australia, and Japan. The new focus includes integration of demand side resources as well as energy storage and EVs. Today, virtually anything that produces, consumes, or stores electricity (or energy) is a candidate for VPP inclusion.