Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Virtual power plants gain momentum for optimal energy management

    Virtual power plants gain momentum for optimal energy management

    November 16, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp

    Lagos — Virtual power plants (VPPs), functioning as cloud-enabled distributed energy systems, represent a pragmatic approach to innovating the energy landscape. By facilitating the seamless integration of renewable energy with advanced digital technologies, VPPs are increasingly becoming popular as an intelligent solution to the complex issues of energy management and distribution, finds GlobalData, a leading data and analytics company.

    Kiran Raj, Practice Head of Disruptive Tech at GlobalData, comments: “VPPs are fundamentally changing the way we manage energy. Integrating smart grid technologies with advancements in IoT and cloud computing, they are not just distributing energy, but intelligently aligning supply with demand in real-time. This revolutionizes our approach to managing renewable energy fluctuations, stabilizes the grid, and expands access, setting the stage for a future where sustainable, reliable energy is widely accessible for diverse communities.”

    VPPs are redefining energy management and sustainability, as seen in Tesla’s recent Puerto Rico project, which integrates energy storage and solar systems for grid stability and sustainable energy.

    GlobalData’s Disruptor Intelligence Center cites significant VPP advancements, including Tesla in South Australia, SunRun in California, and Sonnen Group in Germany, showcasing a global trend in innovative energy solutions.

    In 2023, the US backed VPPs with a $3 billion federal loan and state-level integrations for grid modernization, promising enhanced energy efficiency and significant cost savings.

    Raj concludes: “VPPs have evolved far beyond a passing trend in the dynamic energy landscape. Their role in meticulously merging renewable energy with the latest digital and smart grid innovations is central to fostering a sustainable energy environment. However, as we navigate this transition, continued innovation, regulatory support, and addressing scalability challenges will be crucial to fully realize the potential of VPPs.”

    Related News

    Meta signs deal for advanced geothermal power in New Mexico

    China solar industry to address overcapacity challenge but turnaround far off, experts say

    AfDB to provide $184.1m for Africa’s largest solar energy and battery storage project

    E-book
    Resilience Exhibition

    Latest News

    FG reiterates commitment to port automation

    June 14, 2025

    Seplat Energy earns CIPS Procurement Excellence Standard Certificate 

    June 14, 2025

    Meta signs deal for advanced geothermal power in New Mexico

    June 14, 2025

    IEA says it stands ready to tap emergency oil stocks, OPEC sees no need

    June 14, 2025

    China solar industry to address overcapacity challenge but turnaround far off, experts say

    June 14, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.