Virtual power plant

Starpower: Powering Up the DePIN with next-level Energy Network

Retrieved on: 
Friday, March 1, 2024

The early success story of Helium Mobile has demonstrated the profitability and potential of DePIN in these technological innovations.

Key Points: 
  • The early success story of Helium Mobile has demonstrated the profitability and potential of DePIN in these technological innovations.
  • Starpower wants to make using energy as easy as using Uber, by connecting energy devices all over the world with something called Virtual Power Plants (VPPs).
  • This initiative involves connecting household appliances to source of clean energy production and large-scale storage via the Starpower infrastructure network.
  • "Virtual power plants maximize the use of renewable sources like solar energy, which is essential for the future energy landscape."

Nokia adds Virtual Power Plant to its leading energy efficiency solution portfolio #MWC24

Retrieved on: 
Thursday, February 22, 2024

Nokia has successfully completed several trials and aims to make the solution available later this year.

Key Points: 
  • Nokia has successfully completed several trials and aims to make the solution available later this year.
  • Most countries have a transmission system operator that manages the electricity grid and oversees the power reserve markets.
  • Power reserve markets operate an auction system that enables third parties to bid to provide power.
  • We are committed to continuously maximizing the energy efficiency of our technology portfolio.

NRG Energy, Inc. Reports Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

In 2023, the Company returned approximately $1.5 billion to shareholders and paid down debt by $1.52 billion.

Key Points: 
  • In 2023, the Company returned approximately $1.5 billion to shareholders and paid down debt by $1.52 billion.
  • NRG exceeded its original share repurchase target by $150 million and debt reduction target by $120 million.
  • NRG will only repurchase shares when management believes it would not jeopardize the Company’s ability to maintain satisfactory credit ratings.
  • NRG is uniquely positioned to leverage its customer portfolio, product ecosystem, and market expertise in expanding access to Virtual Power Plant (VPP) opportunities.

Industry-Leading Energy Customer Engagement Results in Record Year for Uplight

Retrieved on: 
Friday, February 9, 2024

The company’s depth of expertise in engaging and enrolling energy customers into programs also resulted in record-setting device enrollments and significant industry recognition for its achievements.

Key Points: 
  • The company’s depth of expertise in engaging and enrolling energy customers into programs also resulted in record-setting device enrollments and significant industry recognition for its achievements.
  • The AutoGrid acquisition fundamentally expands Uplight’s partners, programs, and ability to create and manage flexible capacity for energy grids around the globe.
  • “From more and deeper customer engagement to landmark event capacity, our record-setting 2023 shows that Uplight’s work alongside our utility clients is critical to driving the energy transition forward,” said Luis D’Acosta, CEO of Uplight.
  • Uplight’s comprehensive digital utility customer engagement suite continues to be highlighted as an effective driver of impact, leading to recognition in key industry assessments:

mPrest Selected as DERMS Provider for EDF Renewables

Retrieved on: 
Sunday, February 4, 2024

PETACH TIKVA, Israel, Feb. 4, 2024 /PRNewswire/ -- mPrest, a leading developer and provider of dynamic grid aware, as well as Behind the Meter, Distributed Energy Resource Management Systems (DERMS), has been chosen by EDF Renewables Israel Ltd., a subsidiary of EDF Renewables SA, an international energy company which develops, builds, and operates renewable power generation plants, and is a leader in the competitive renewable energy market, as its DERMS platform for the purpose of managing and optimizing its distributed solar and storage assets profits.

Key Points: 
  • PETACH TIKVA, Israel, Feb. 4, 2024 /PRNewswire/ -- mPrest, a leading developer and provider of dynamic grid aware, as well as Behind the Meter, Distributed Energy Resource Management Systems (DERMS), has been chosen by EDF Renewables Israel Ltd., a subsidiary of EDF Renewables SA, an international energy company which develops, builds, and operates renewable power generation plants, and is a leader in the competitive renewable energy market, as its DERMS platform for the purpose of managing and optimizing its distributed solar and storage assets profits.
  • EDF Renewables Israel is the leading company in the growing competitive distributed energy market in Israel.
  • To maximize its trading profits between the energy market, distributed generation and storage, and energy sales to customers, EDF Renewables Israel requires a sophisticated Virtual Power Plant (VPP) platform.
  • We are therefore honored to partner with EDF Renewables, in optimizing and managing their distributed flexibility and energy trading profits".

mPrest Selected as DERMS Provider for EDF Renewables

Retrieved on: 
Sunday, February 4, 2024

PETACH TIKVA, Israel, Feb. 5, 2024 /PRNewswire/ -- mPrest, a leading developer and provider of dynamic grid aware, as well as Behind the Meter, Distributed Energy Resource Management Systems (DERMS), has been chosen by EDF Renewables Israel Ltd., a subsidiary of EDF Renewables SA, an international energy company which develops, builds, and operates renewable power generation plants, and is a leader in the competitive renewable energy market, as its DERMS platform for the purpose of managing and optimizing its distributed solar and storage assets profits.

Key Points: 
  • PETACH TIKVA, Israel, Feb. 5, 2024 /PRNewswire/ -- mPrest, a leading developer and provider of dynamic grid aware, as well as Behind the Meter, Distributed Energy Resource Management Systems (DERMS), has been chosen by EDF Renewables Israel Ltd., a subsidiary of EDF Renewables SA, an international energy company which develops, builds, and operates renewable power generation plants, and is a leader in the competitive renewable energy market, as its DERMS platform for the purpose of managing and optimizing its distributed solar and storage assets profits.
  • EDF Renewables Israel is the leading company in the growing competitive distributed energy market in Israel.
  • To maximize its trading profits between the energy market, distributed generation and storage, and energy sales to customers, EDF Renewables Israel requires a sophisticated Virtual Power Plant (VPP) platform.
  • We are therefore honored to partner with EDF Renewables, in optimizing and managing their distributed flexibility and energy trading profits".

Holaluz delivers on Normalised EBITDA guidance, reaching 3M€ for FY2023

Retrieved on: 
Wednesday, January 31, 2024

Barcelona, January 31, 2024 (GLOBE NEWSWIRE) -- Holaluz-Clidom S.A. (BME:HLZ) delivers on Normalised EBITDA guidance, reaching 3M€ for FY2023

Key Points: 
  • Barcelona, January 31, 2024 (GLOBE NEWSWIRE) -- Holaluz-Clidom S.A. (BME:HLZ) delivers on Normalised EBITDA guidance, reaching 3M€ for FY2023
    Holaluz doubled its solar market share in 2023 to over 3% by the end of December from 1.6% in 2022.
  • Holaluz, an energy transition company aiming to decarbonise the economy, today provided an update on Q4 2023 KPIs as well as a forecast on normalised EBITDA for the financial year 2023.
  • The company expects to meet the low range ( 3-5 million euros) of normalised EBITDA forecasts for the 2023 financial year according to the business plan published on 31 October, reaching 3M€.
  • Furthermore, in December 2023, Holaluz obtained ISO 14000 certification for its environmental management system (EMS), which reiterates its environmental commitment.

mPrest Selected as DERMS Provider for Doral Energy

Retrieved on: 
Sunday, January 28, 2024

PETACH TIKVA, Israel, Jan. 28, 2024 /PRNewswire/ -- mPrest, a leading developer and provider of dynamic grid aware, as well as Behind the Meter, Distributed Energy Resource Management Systems (DERMS) has been chosen by Doral Energy, a leading global company in the field of renewable energy, as its DERMS platform for the purpose of managing and optimizing its distributed solar and storage assets profits.

Key Points: 
  • PETACH TIKVA, Israel, Jan. 28, 2024 /PRNewswire/ -- mPrest, a leading developer and provider of dynamic grid aware, as well as Behind the Meter, Distributed Energy Resource Management Systems (DERMS) has been chosen by Doral Energy, a leading global company in the field of renewable energy, as its DERMS platform for the purpose of managing and optimizing its distributed solar and storage assets profits.
  • Doral Energy is a developer and owner of hundreds of profitable renewable energy projects and an energy supplier to leading corporations.
  • We are therefore honored to partner with Doral Energy, in optimizing their energy trading profits".
  • Extending our centralized distribution focused DERMS to also act as an edge DERMS is a testament to our commitment to driving innovation in the energy sector," said Ron Halpern, mPrest Chief Commercial Officer.

mPrest Selected as DERMS Provider for Doral Energy

Retrieved on: 
Sunday, January 28, 2024

PETACH TIKVA, Israel, Jan. 28, 2024 /PRNewswire/ -- mPrest, a leading developer and provider of dynamic grid aware, as well as Behind the Meter, Distributed Energy Resource Management Systems (DERMS) has been chosen by Doral Energy, a leading global company in the field of renewable energy, as its DERMS platform for the purpose of managing and optimizing its distributed solar and storage assets profits.

Key Points: 
  • PETACH TIKVA, Israel, Jan. 28, 2024 /PRNewswire/ -- mPrest, a leading developer and provider of dynamic grid aware, as well as Behind the Meter, Distributed Energy Resource Management Systems (DERMS) has been chosen by Doral Energy, a leading global company in the field of renewable energy, as its DERMS platform for the purpose of managing and optimizing its distributed solar and storage assets profits.
  • Doral Energy is a developer and owner of hundreds of profitable renewable energy projects and an energy supplier to leading corporations.
  • We are therefore honored to partner with Doral Energy, in optimizing their energy trading profits".
  • Extending our centralized distribution focused DERMS to also act as an edge DERMS is a testament to our commitment to driving innovation in the energy sector," said Ron Halpern, mPrest Chief Commercial Officer.

CPower Announces "Customer-Powered Grid™ Award" Winners during GridFuture 2024 Conference

Retrieved on: 
Friday, January 26, 2024

WASHINGTON, Jan. 26, 2024 /PRNewswire/ -- CPower Energy ("CPower"), the leading, national Distributed Energy Resource (DER) monetization and Virtual Power Plant (VPP) provider, announced the winners of the Customer-Powered Grid™ Awards during the 2024 GridFuture event, an industry-event hosted by CPower focused on the future of DERs and VPPs.

Key Points: 
  • CPower selected the winners by surveying its customers and examining metrics including grid program participation, carbon reduction metrics, years of participation, and more.
  • The winners were chosen amongst CPower's 2,500+ customers.
  • The Innovative Solutions Award was presented to Energy Toolbase for its integration with CPower and work to enable their customers' participation in grid service programs.
  • Partnering with CPower has enabled Energy Toolbase to extend services in regions other grid services companies cannot and bring inventive ways for its customers to curtail load.