Virtual Power Plant Market Decision makers and Strategical Analysis 2021-2025

1. Assimilation of Leading-edge Technology in Electricity Supply Sector to Drive Demand across Virtual Power Plants The goal of net-zero emissions has led to the evolution of green energy production across the globe. Unlike conventional and centralized electricity production techniques using coal & gas, E&P companies are strategically opting for virtual power plants. These power plants thrive on sustainable energy and have decentralized ownership capabilities. VPP is driven by an efficient leading-edge energy management system that incorporates energy sources with technology. Here, the diverse energy sources are managed using the Internet of Things (IoT) and directed towards the flow of electricity demand. VPP is an automated energy-as-a-services technological solution and IT structure. Get Sample Copy of Virtual Power Plant Market: https://www.fairfieldmarketresearch.com/report/virtual-power-plant-market/request- sample Besides, this solution uses a smart grid to establish a real-time connection between diverse energy sources, customers, and energy storage alongside other market segments. Additionally, VPP promotes energy security by ensuring optimal use of energy resources, minimizing load- demand response, controlling frequency, utilizing operational reserves, and managing peak demand. With increasing grid stability and dependability, VPP s have gained tremendous popularity. The consistent development, deployment, and commercialization of businesses in the domain have surged the global demand for virtual power plants. Collaborative Efforts Towards Power Generation are Fostering the Growth of VPP Market As renewables pave their way in the energy mix, stabilizing the concurrent demand and supply has become a prime challenge for grid operators. The reason for such instability is an oft inconsistent power generation and high load on the grid. With the market growing at a striking pace, rooftop solar PVs, wind farms, solar arrays, onshore and offshore wind turbines have emerged as the major sources of power generation. The presence of unified heat and power units along with flexible energy consumption patterns makes for efficient functioning of VPP systems. The main objective of the virtual power plant is to alleviate the demand on the central grid by sourcing power from VPPs to meet peak hour demand. Alongside providing desired data to end-users, the VPP reacts promptly to dynamic load on the grid and gives a free hand to manage the generated power as per end-user needs. Besides, the

2. cost-efficiency of installation gives locals a chance to earn money by capitalizing on these networks. The market is thriving with opportunities and developments as an increasing number of people and organizations opt for VPP. America Reigns Supreme in the Global Market with PotentInstallations & Acquisitions The American virtual power plant business is on the upswing as the companies gain new contracts, investments, and acquisitions. Recently, Swell Energy successfully capitalized funds of $450 Mn on four major VPP projects followed by Generac acquiring Enabla to harness energy resources. Besides, Pacific Gas & Electric (PG&E), a Californian utility, proclaimed new energy storage contracts for 1,548 megawatt-hours. Canada’s firm Nexus Renewables is all set to deploy customer-sited batteries of the 27-megawatt/108-megawatt-hour fleet. All things considered; with strong financial backing, North America is booming with opportunities for virtual power plant suppliers. Dominating Virtual Power Plant Market Players Across the Globe Worldwide, leading companies in the field of virtual power plant market are EnBW, Portland General Electric, Green Mountain Power, Encorp, AceOn Group, Swell Energy, Amp Energy, AutoGrid, Ampard, Siemens AG, Tesla Inc., Next Kraftwerke, Greensmith Energy, energy & meteo systems, Sympower, Toshiba Energy, Enel X, Powerstar, Geli, Gridwiz, Leap, Limejump, Moixa, Nebras Power, OhmConnect, Piclo, Sonnen, Stem, Sunverge, Wärtsilä, and SwitchDin. Do You Have Any Query or Specific Requirement? Request for Custom Research: https://www.fairfieldmarketresearch.com/report/virtual-power-plant-market/request- customization About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness. Contact Fairfield Market Research London, UK UK +44 (0)20 30025888

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