Voltus and Resideo Launch New Residential Thermostat Virtual Power Plants in PJM ComEd and NYISO PSEG-LI Territories
U.S. electricity demand is expected to reach record highs, growing by 4.1 trillion kWh by 2025 (EEI 2023).
- U.S. electricity demand is expected to reach record highs, growing by 4.1 trillion kWh by 2025 (EEI 2023).
- VPPs offer a reliable, sustainable, and cost-effective solution to grid operators to help meet this growing demand.
- According to the Department of Energy (DOE) Liftoff Report (Sept. 2023) , tripling VPP capacity could address 10-20% of this growing peak demand.
- Resideo Grid Services will then intelligently manage the comfort settings of enrolled homes across the ComEd and PSEG-LI territories to seamlessly deliver energy-efficiency savings while keeping homes comfortable.