Discover and read the best of Twitter Threads about #VirtualPowerPlant
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BREAKING: Amazing new report by @TheBrattleGroup (backed by @Google). VPP's can provide resource adequacy that is ~50% of the cost of the alternative options; 60 GW of #VirtualPowerPlant deployment at $15–$35 billion less than the cost of the alternative
prnewswire.com/news-releases/…
prnewswire.com/news-releases/…
"Over the past decade, the U.S. added over 100 GW of new capacity intended largely to maintain resource adequacy. This amounted to over $120 billion of capital investment, primarily in gas fired generators and lithium ion batteries."
Once you account of additional societal benefits, a VPP is the only resource that could actual have a negative net cost. "60 GW of VPP could provide over $20B in additional societal benefits over a 10 year period." And the money for demand flexibility is paid to households!
This was an amazing podcast (as usual from @drvolts). Thanks for the shout-out to LPO and the other great programs here. A few thoughts as we get more intentional about savings money for LMI consumers -- reducing energy burden.
The data that Vero talked about is summarized here. We have long known that LMI customers repay energy related loans at a much higher rate then other loans that they take out. But lenders still charge 30% interest for appliances, other loans. emp.lbl.gov/publications/l…
We can solve that problem and start to do that by making existing financing solutions more inclusive, see the @SunnovaEnergy announcement this month. Also allows LMI customers to take advantage of #VirtualPowerPlant income. energy.gov/lpo/articles/l…
Now it's time for our first panel discussion ' The future of flexibility is now' with Alex Gilbert @TfL and Joe McDonald @Limejump, Rafiek Versmissen @DNVGL_Energy and Andy McKay @power_evergreen #Smart19
Joe discussing the current UK energy mix, and how a #virtualpowerplant can help in #decarbonisation of the UK. @Limejump #Smart19
Now Rafiek on unlocking value of #flexibility for networks. It's very much situational, an ongoing assessment, that gives DNOs options for the temporary needs of the system vs long term assets. Flexibility only has viability if it's reliable and cost effective.
@DNVGL #Smart19
@DNVGL #Smart19
