Virtual power plant

OhmConnect and Sense Expand Partnership to Increase Adoption of Demand Response Amongst New York and California Residents

Retrieved on: 
Tuesday, July 11, 2023

OAKLAND, Calif., July 11, 2023 /PRNewswire/ -- Today, OhmConnect and Sense announced the expansion of their innovative partnership, incorporating OhmConnect's Fuse platform with Sense's real-time, device-level insights. This integration will create a Virtual Power Plant (VPP) enabling customers to earn rewards for reducing their home electricity use when the grid is stressed. By seamlessly merging the strengths of each technology, consumers will have a unified, approachable experience and empower them to take control of their energy use.

Key Points: 
  • The combined insights from Sense and OhmConnect will allow these customers to take meaningful actions and maximize rewards.
  • This expanded partnership builds upon Sense and OhmConnect's successful 2021 pilot test of the value of real-time energy data and messaging for OhmConnect customers in California.
  • The pilot demonstrated such data helped users save 160% more during critical times of grid constraint, compared to OhmConnect participants without real-time information from Sense.
  • When introduced to OhmConnect, Sense users joined the VPP at a rate of 125% greater than non-Sense users, increasing enrollment in New York by over 100%.

Global Virtual Power Plant (VPP) Market Report 2023: Featuring ABB, AGL Energy, AutoGrid, Blue Pillar and Cisco System Among Others - ResearchAndMarkets.com

Retrieved on: 
Tuesday, June 27, 2023

The "Virtual Power Plant (VPP) Market Report 2023-2033" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Virtual Power Plant (VPP) Market Report 2023-2033" report has been added to ResearchAndMarkets.com's offering.
  • Electricity supply and demand must be matched, and any imbalance between them can disrupt the frequency and affect power quality, causing power outages and other problems.
  • In the past, power companies adjusted supply by controlling thermal and hydroelectric power generation based on precise calculations.
  • The VPP bundles and remotely controls distributed power resources such as solar power generation facilities, storage batteries, and electric vehicles owned by consumers.

Norfolk State University Partners with CPower to Support Grid Reliability Across Virginia

Retrieved on: 
Wednesday, June 21, 2023

BALTIMORE, June 21, 2023 /PRNewswire/ -- CPower Energy ("CPower"), the leading, national distributed energy resource (DER) monetization and Virtual Power Plant (VPP) provider, today announced it has partnered with Norfolk State University (NSU), a four-year public education institution in Norfolk, Va., to further grid reliability across the Commonwealth of Virginia.

Key Points: 
  • BALTIMORE, June 21, 2023 /PRNewswire/ -- CPower Energy (" CPower "), the leading, national distributed energy resource (DER) monetization and Virtual Power Plant (VPP) provider, today announced it has partnered with Norfolk State University (NSU), a four-year public education institution in Norfolk, Va., to further grid reliability across the Commonwealth of Virginia.
  • Demand response (DR) rewards energy users for reducing their energy consumption during times of high demand on the grid.
  • CPower has helped NSU develop strategies for reducing its energy use when the grid is stressed without impacts to operations or student health and safety.
  • We are honored to partner with Norfolk State University, and with its unique abilities, are happy to further strengthen the grid across the Commonwealth," said John Horton, President and CEO, CPower.

HONEYWELL INTRODUCES HONEYWELL IONIC™, A MODULAR BATTERY ENERGY STORAGE SYSTEM WITH IMPROVED ENERGY DENSITY AND REDUCED INSTALLATION COSTS

Retrieved on: 
Monday, June 19, 2023

ORLANDO, Fla., June 19, 2023 /PRNewswire/ -- Honeywell today announced Honeywell Ionic™, a compact, end-to-end modular battery energy storage system (BESS) and energy management tool that offers improved energy density compared to what's currently available on the market, while delivering a significant reduction of installations costs.

Key Points: 
  • ORLANDO, Fla., June 19, 2023 /PRNewswire/ -- Honeywell today announced Honeywell Ionic™, a compact, end-to-end modular battery energy storage system (BESS) and energy management tool that offers improved energy density compared to what's currently available on the market, while delivering a significant reduction of installations costs.
  • Honeywell Ionic includes Honeywell's Experion® Energy Control System and a chemistry-agnostic Battery Management System (BMS).
  • "Honeywell is developing battery energy storage solutions that help companies maximize their renewable energy resources and achieve their corporate sustainability goals."
  • It's also applicable for front-of-meter users who are seeking to simplify the installation process and reduce installation costs.

Sunverge Joins RMI’s “Virtual Power Plant Partnership” with Industry Leaders

Retrieved on: 
Thursday, June 15, 2023

Sunverge, the provider of an industry-leading distributed energy resource (DER) control, orchestration and aggregation platform, today announced that it has joined RMI’s Virtual Power Plant Partnership (VP3).

Key Points: 
  • Sunverge, the provider of an industry-leading distributed energy resource (DER) control, orchestration and aggregation platform, today announced that it has joined RMI’s Virtual Power Plant Partnership (VP3).
  • Among the industry companies participating in VP3 are Google Nest, Ford, General Motors, and more.
  • “The power industry is just scratching the surface of the value that VPP’s can provide to consumers, utilities, grid, and society.
  • The company is looking forward to continuing its work on the VPP industry in tandem with industry leaders in the Virtual Power Plant Partnership.

Gogoro Continues Smart City Commercialization with Deployment of Smart Traffic Signals in Partnership with Taipei City

Retrieved on: 
Thursday, June 8, 2023

TAIPEI, Taiwan, June 7, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities and Far EasTone Telecom, today announced they were deploying their jointly-developed Smart Traffic Signal Uninterruptible Power System (UPS) to nearly 200 of Taipei City's busiest intersections utilizing Gogoro Smart Batteries. The commercial rollout follows the completion of a successful pilot program in 2022.

Key Points: 
  • Gogoro and Far EasTone Telecom's Smart Traffic Signal UPS to be rolled out in Taipei City's busiest intersections.
  • Smart Traffic Signal UPS to utilize Gogoro Smart Batteries to enhance traffic safety by enabling continuous operation of traffic lights during power outages.
  • The Smart Traffic Signal UPS provides long term supplemental energy using two Gogoro Smart Batteries that can be swapped without disruption to maintain continuous operation as long as necessary.
  • Following the pilot, the Taipei City government honored the Smart Traffic Signal UPS with the city's "2022 Smart Taipei Innovation Award."

Schneider Electric Empowers Businesses to Achieve Resilience and a Path to Net Zero with EcoStruxure Microgrid Flex

Retrieved on: 
Tuesday, May 16, 2023

Microgrid systems currently require a sizeable sum of engineering hours and intense attention to the configuration, planning and deployment of the system.

Key Points: 
  • Microgrid systems currently require a sizeable sum of engineering hours and intense attention to the configuration, planning and deployment of the system.
  • EcoStruxure Microgrid Flex expedites the completion of microgrid system projects from specification to design and build in months instead of years.
  • "Our new EcoStruxure Microgrid Flex empowers businesses to take the future of sustainability into their own hands with a solution that considerably reduces downtime, greenhouse gas emissions and energy waste," said Bala Vinayagam, SVP, Microgrid Line of Business at Schneider Electric.
  • "We are very excited to be one of the first partners working with Schneider Electric to deliver EcoStruxure Microgrid Flex to the market," said Ryan Goodman, Chief Executive Officer, Scale Microgrids.

Gogoro Releases First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023

TAIPEI, Taiwan, May 11, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its first quarter ended March 31, 2023.

Key Points: 
  • TAIPEI, Taiwan, May 11, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its first quarter ended March 31, 2023.
  • For the first quarter, net loss was $40.6 million, up $18.9 million from $21.7 million in the same quarter last year.
  • For the first quarter, adjusted EBITDA1 was $10.6 million, down from $13.5 million in the same quarter last year.
  • Gogoro's management team will hold an earnings Webcast on May 11th, 2023, at 8:00 a.m. Eastern Time to discuss the Company's first quarter 2023 results of operations and outlook.

CPower Awarded 2022 Green Bank Award, Recognized as Early Adopter for Energy Storage Solutions

Retrieved on: 
Thursday, April 27, 2023

BALTIMORE, April 27, 2023 /PRNewswire/ -- CPower Energy ("CPower"), the national leader in unlocking the value of customer Distributed Energy Resources (DERs), today announced that it has been awarded a 2022 Green Bank Award for being an Early Adopter in Energy Storage Solutions. As one of the first approved Eligible Contractors, CPower was among the first to submit a storage project to Energy Storage Solutions. The Connecticut Green Bank established the Green Bank Awards to recognize companies advancing the green energy movement and helping bring resilience, health, and equity to Connecticut.

Key Points: 
  • BALTIMORE, April 27, 2023 /PRNewswire/ -- CPower Energy (" CPower "), the national leader in unlocking the value of customer Distributed Energy Resources (DERs), today announced that it has been awarded a 2022 Green Bank Award for being an Early Adopter in Energy Storage Solutions .
  • As one of the first approved Eligible Contractors, CPower was among the first to submit a storage project to Energy Storage Solutions.
  • The Connecticut Green Bank established the Green Bank Awards to recognize companies advancing the green energy movement and helping bring resilience, health, and equity to Connecticut.
  • "CPower has been a tremendous partner to the Connecticut Green Bank and Energy Storage Solutions," said Sergio Carrillo, Managing Director of Incentive Programs at the Connecticut Green Bank.

EQS-News: Photon Energy Group Publishes 2022 Annual Report and Sustainability Report

Retrieved on: 
Tuesday, April 25, 2023

The Sustainability Report includes Photon Energy Group’s green financing report, enabling its investors, bondholders and other stakeholders to follow the development of the assets and projects funded by the Green EUR Bond 2021/2027.

Key Points: 
  • The Sustainability Report includes Photon Energy Group’s green financing report, enabling its investors, bondholders and other stakeholders to follow the development of the assets and projects funded by the Green EUR Bond 2021/2027.
  • As of today, the Annual Report 2022 and Sustainability Report 2022 are available on the Group’s website, photonenergy.com .
  • Amsterdam – 25 April 2023 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’) today published both its Annual Report 2022 and its Sustainability Report 2022 .
  • Key highlights from the Company’s Annual Report 2022 include:
    The Company posted a record revenue of EUR 95.136 million (+161.7% YoY) for 2022, while EBITDA grew to EUR 24.308 million (+153.6% YoY).