NewEnergyNews More: WORLD VIRTUAL POWER PLANT MRKT TO QUINTUPLE

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    • Monday, June 30, 2014

    WORLD VIRTUAL POWER PLANT MRKT TO QUINTUPLE

    Virtual Power Plants Demand Response, Supply-Side, and Mixed Asset VPPs: Global Market Analysis and Forecasts

    2Q 2014 (Navigant Research)

    “…Successful strategies to manage [the increasing two-way complexity of distributed energy resources (DER)] are being deployed today all over the world. One such strategy is a virtual power plant (VPP)…[which combines] a rich diversity of independent resources into a network via sophisticated planning, scheduling, and bidding of DER-based services…Several recent trends are creating an environment conducive to VPPs…However, challenges to commercial rollouts of VPPs remain, including the lack of reliance upon dynamic, real-time pricing and consumer pushback against the smart grid…Navigant Research forecasts that total annual VPP vendor revenue will grow from $1.1 billion in 2014 to $5.3 billion in 2023 under a base scenario…” click here for more

    click to enlarge

    posted by Herman K. Trabish @ 5:48 AM

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