Virtual power plant market ‘to reach $4.5bn by 2023’

The global virtual power plant market is projected to reach $4.5 billion (£3.4bn) in the next six years. That’s an increase from $762 million (£580m) last year, with demand side response technology accounting for more than three-fifths of the global market share, according to new research. A virtual power plant is a network of decentralised […]

E.ON provides wind power to balance German grid

E.ON has joined a new initiative to use wind power to stabilise the German grid. The energy firm said a 26MW wind farm it manages in Mecklenburg-Western Pommerania has been pre-qualified for balancing services by transmission system operator 50Hertz, part of a two-year pilot phase. The electricity generated by the wind farm in Brandenburg will […]

‘Virtual power plant’ for smart grid launched in Faroe Islands

The “world’s first virtual power plant” to be used with a smart grid system has been launched in the Faroe Islands. Called the ‘Power Hub’, it uses an advanced IT system that controls small and medium sized distributed energy resources. It is aimed at increasing the level of sustainable energy in the Faroese electricity grid […]