Virtual power plant

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

Retrieved on: 
Thursday, June 15, 2023
Alternative Energy, Energy, Environment, Other Energy, Utilities, VPP, DER, Google Nest, Ford, PV, Virtual power plant, Growth, VP3, General Motors, Bundesverband der Energie- und Wasserwirtschaft, Renewable energy

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
GGR, Accident, Lithium battery, Virtual power plant, Enel, UPS, City, Weather, Transport, CO2, Safety, Mobile phone

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
ECC, VPP, DER, BESS, Health, Software, Electricity, Business, Government, Virtual power plant, Schneider Electric, SVP, Safety, Automation, Cryptocurrency, Renewable energy

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
GGR, VPP, PTW, Use, Marketing, Enel X, Aircraft, EBITDA, Investment, Webcast, Virtual power plant, City, Growth, Cryptocurrency, Video game, Renewable energy, Bank, Beauty salon, Gogoro

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
VPP, DER, Education, Health, Generator, Incentive, Green Bank, PURA, Distributed generation, Government, Green bank, Public Utility Regulatory Policies Act, Virtual power plant, Knowledge, Region, Baumgarten an der March, Wood Mackenzie, Renewable energy, Eversource Energy

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
Photon, Green bond, VPP, Carbon accounting, Sustainability reporting, PFAS, TCI, WSE, Bank statement, Policy, University, Annual, TSO, Carbon, Element, YOY, CSR, Green, DSR, EBITDA, Ethics, Sustainability, Annual report, Virtual power plant, ESG, FSX, Demand-side, Total, Polish, Security (finance), Lithium, Cryptocurrency, Renewable energy, Pharmaceutical industry, EUR

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).

CPower Wins 2023 Edison Award

Retrieved on: 
Monday, April 24, 2023
VPP, DER, Education, Critical, Generator, PJM, Distributed generation, Quality of life, Edison Award, Genentech, Government, Organization, Automation, Water, Virtual power plant, Bundesverband der Energie- und Wasserwirtschaft, General Motors, Edison Awards, Safety, Electric power

BALTIMORE, April 24, 2023 /PRNewswire/ -- CPower Energy ("CPower"), the national leader in unlocking the value of customer Distributed Energy Resources (DERs), has received a 2023 Edison  Award in the Critical Human Infrastructure category for EnerWise® Site Optimization. The award was officially presented at the Edison Awards Gala on April 20, 2023 in Fort Myers, Florida.

Key Points: 
  • BALTIMORE, April 24, 2023 /PRNewswire/ -- CPower Energy (" CPower "), the national leader in unlocking the value of customer Distributed Energy Resources (DERs), has received a 2023 Edison  Award in the Critical Human Infrastructure category for EnerWise® Site Optimization .
  • The award was officially presented at the Edison Awards Gala on April 20, 2023 in Fort Myers, Florida.
  • "We are honored to be recognized by the Edison Awards committee for the value of our EnerWise Site Optimization technology," said John Horton, President and CEO, CPower.
  • The Edison Award winners were selected by the Edison Awards Steering Committee as well as an independent judging panel of senior scientists, designers, engineers, marketers and leading academics.

Octopus Energy Launches Fan Club to Provide Access to Cheaper, Local Wind Power Across Texas

Retrieved on: 
Thursday, April 20, 2023
Other Energy, Utilities, Family, Oil, Gas, Nuclear, Coal, Alternative Energy, Consumer, Energy, Technology, Environment, Other Technology, Kraken, Octopus Energy, Electron, EV, Fan club, Electricity, Multimedia, The Fan Club, Wind, Virtual power plant, Renewable energy

Today, the global renewable energy retailer Octopus Energy launched the US’s first-ever Fan Club, a unique electricity rate that provides savings when local wind turbines are spinning.

Key Points: 
  • Today, the global renewable energy retailer Octopus Energy launched the US’s first-ever Fan Club, a unique electricity rate that provides savings when local wind turbines are spinning.
  • Starting with South Texas, where wind energy is abundant along the coast, customers can sign up to join the Fan Club at octopusenergy.com/us-fan-club .
  • By encouraging customers to follow pricing signals, Octopus Energy is promoting more extremely low cost renewable energy to come online.
  • “Legacy energy companies constantly think that the solution to a renewable energy grid is more fossil fuel supply,” said Michael Lee, CEO of Octopus Energy US.

GOGORO AND ENEL X ACCELERATE TAIWAN'S ENERGY TRANSITION WITH INTEGRATION OF VIRTUAL POWER PLANT AND 2,500 BATTERY SWAPPING STATIONS ACROSS 1,000+ LOCATIONS

Retrieved on: 
Tuesday, April 18, 2023
GGR, VPP, Enel X, Virtual power plant, Energy, The GoStation, Organization, TPC, Enel, City, Transport, Taiwan Power Company, Renewable energy, Gogoro

"We are entering a new era of smart energy infrastructure, and by integrating the Gogoro Network with the Enel X Virtual Power Plant (VPP) in Taiwan we are providing a new energy resource.

Key Points: 
  • "We are entering a new era of smart energy infrastructure, and by integrating the Gogoro Network with the Enel X Virtual Power Plant (VPP) in Taiwan we are providing a new energy resource.
  • Integrating Gogoro Network battery swapping energy into the Enel X VPP in Taiwan has the same effect as bringing new energy generation online to meet energy demand.
  • "Enel X's VPP aggregates Gogoro's battery swapping energy load to contribute to TPC's Energy Trading Platform for ancillary service.
  • Enel X Taiwan has the largest VPP in Taiwan's energy market today[2], managing the largest volume of distributed energy resources in TPC's Energy Trading Platform.

Grid Reliability an Increasing Motivation in CPower's 2023 Customer-Powered Grid™ Survey

Retrieved on: 
Thursday, April 13, 2023
VPP, DER, Senior, Education, Generator, Distributed generation, Marketing, Government, Organization, Virtual power plant, Motivation, Weather, ESG, Bundesverband der Energie- und Wasserwirtschaft, Retail, Electric power

BALTIMORE, April 13, 2023 /PRNewswire/ -- CPower Energy ("CPower"), the national leader in unlocking the value of customer Distributed Energy Resources (DERs), today announced the results of its annual Customer-Powered Grid™ Survey. CPower surveys its customers each year to ensure customer satisfaction and gather insights into customers' motivations for investing in DERs and participating in DER Monetization. Responses from approximately 500 CPower customers and partners across the company's diverse customer base highlight shifting considerations driven by the need to respond to more frequent grid disruptions and scarcity events.

Key Points: 
  • CPower surveys its customers each year to ensure customer satisfaction and gather insights into customers' motivations for investing in DERs and participating in DER Monetization.
  • Responses from approximately 500 CPower customers and partners across the company's diverse customer base highlight shifting considerations driven by the need to respond to more frequent grid disruptions and scarcity events.
  • The survey found that generating revenue (60%), reducing energy costs (56%) and supporting grid reliability (45%) are the top three reasons energy users participate in grid services programs.
  • When compared to last year's survey, grid reliability stood out as having a notable increase as a motivating factor for participation, increasing by five percentage points.