Latest news with #VirtualPowerPlant
Yahoo
a day ago
- Business
- Yahoo
MACKAY MEMORIAL HOSPITAL OPTIMIZES ENERGY MANAGEMENT AND SUPPORTS THE ENERGY TRANSITION VIA ENEL X'S VIRTUAL POWER PLANT
TAIPEI, June 10, 2025 /PRNewswire/ -- MacKay Memorial Hospital, a leading institution in Taiwan's healthcare sector, is taking a significant step toward its sustainability goals by joining Enel X Taiwan's Virtual Power Plant (VPP) - the largest Demand Response VPP in the country. Through this collaboration, MacKay Hospital will contribute its flexible energy demand to the Taiwan Power Company's Energy Trading Platform, supporting grid stability and the broader energy transition. Enabled by Enel X's advanced energy solutions, the partnership will help the hospital optimize energy efficiency, meet national energy-saving policies, and further its strong commitment to ESG and sustainability leadership. According to the '2024 Non-Production Sector Energy Audit Annual Report', hospitals accounted for the highest proportion of energy consumption among Taiwan's non-production sectors in 2023, reaching 15.97%[1]. Given hospitals' high emphasis on electricity safety and their meticulous power planning to ensure the stability and continuity of medical services, how to balance safety with sustainability has become a crucial issue that major medical institutions cannot ignore. Roger Chen, Head of Enel X Taiwan, explained, "Participating in Demand Response Ancillary Services in the Energy Trading Platform via a Virtual Power Plant is an extremely suitable energy management option for hospitals. With flexible participation hours, the program is best suited to institutions that operate 24-7. When responding to grid dispatch events, the actual reduction in electricity consumption can be recognized as measurable energy-saving performance. In addition, the revenue generated from participating in the electricity market can help offset rising electricity costs and be reinvested into other sustainability initiatives." In the future, during times of grid stress, MacKay Hospital will be able to temporarily reduce energy use from non-essential equipment within ten minutes. Enel X's Virtual Power Plant will aggregate this flexibility alongside other commercial and industrial Demand Response resources, delivering it to the grid as a single, coordinated resource. This helps to enhance grid resilience and support a stable, reliable power supply . Chang Wen-han, Superintendent of MacKay Memorial Hospital, stated, "MacKay Hospital has always prioritized social responsibility and sustainable development. Our goal is not only to provide high quality medical care, but also to actively support the transition to net-zero and to set the standard for other medical centers. As summer brings peak electricity demand, hospitals must consider more effective energy-saving strategies and promote the renewable energy development in order to demonstrate their commitment to energy conservation." Roger Chen, Head of Enel X Taiwan, said, "We are delighted to have MacKay Hospital join our ranks. As power supply shifts from centralized to distributed generation, every energy user plays an important role in stabilizing the grid and promoting the development of renewable energy. With the right Virtual Power Plant, even hospitals – where power reliability is critical – can safely participate in the energy market without compromising operations. We encourage all major energy users to unlock the value of their existing assets, take advantage of opportunities in the energy market, and "contribute to a more resilient and sustainable energy future." Enel X is currently the largest power aggregator of Demand Response Resources in the Energy Trading Platform, with over 200MW of aggregated capacity - equivalent to the electricity load of 80,000 households. Looking ahead, Enel X plans to continue expanding this capacity and, in line with market trends, support users in participating in the energy market through behind-the-meter energy storage systems. Enel X Global Retail is Enel Group's business line dedicated to customers around the world with the aim of effectively providing products and services based on their energy needs and encouraging them towards a more conscious and sustainable use of energy. A world leader in the field of energy supply, energy management services, and electric mobility to foster electrification, it accompanies all of its customers through their energy transition, developing value-creating solutions. Enel X Global Retail offers an ecosystem of sustainable, efficient, easy-to-find, personalized products and services built around customer needs. Enel X Global Retail provides electricity, integrated and innovative energy services to more than 55 million customers worldwide, households, small offices, enterprises, and municipalities. Furthermore, around the world, it offers flexibility services aggregating 9.2 GW and has installed around 3 million lighting points as well as 30,100 owned public charging points for electric mobility. For more information, visit and follow us on LinkedIn and Facebook. [1] Taiwan Green Productivity Foundation (2024). Energy Audit Annual Report for Non-Productive Industries 2024. Energy Administration, Ministry of Economic Affairs. Retrieved from View original content to download multimedia: SOURCE Enel X Taiwan Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Europe Virtual Power Plant Industry Report 2025-2030: VPPs Critical for Seamless Renewable Integration, EV Adoption Presents Major Opportunities
The Europe Virtual Power Plant Market, valued at USD 1.50 Billion in 2024, is projected to reach USD 4.76 Billion by 2030, growing at a CAGR of 21.30%. Key drivers include the integration of renewables and demand for grid flexibility. However, regulatory inconsistencies pose challenges. Report details insights by technology, end-use, and trends. European Virtual Power Plant Market Dublin, May 22, 2025 (GLOBE NEWSWIRE) -- The "Europe Virtual Power Plant Market Size, Share & Trends Analysis Report by Technology (Distributed Energy Resource, Demand Response, Mixed Asset), End-use (Industrial, Residential, Commercial), Country, with Growth Forecasts, 2025-2030" has been added to offering. The Europe Virtual Power Plant Market is on an upward trajectory, with its valuation expected to rise from USD 1.50 Billion in 2024 to USD 4.76 Billion by 2030, driven by a substantial CAGR of 21.30% This growth is propelled by the increased integration of renewable energy sources, a rising demand for grid flexibility and stability, and the growing adoption of smart grid technologies across Europe. With the burgeoning presence of electric vehicles, virtual power plants present an opportunity to bolster EV charging infrastructure via demand balancing and optimized energy distribution. Despite this promising growth, regulatory inconsistencies and non-standardized policies across European nations present challenges, hindering the seamless deployment of virtual power plant systems. Nonetheless, EU mandates under the Renewable Energy Directive, requiring member states to achieve 42.5% renewable energy by 2030, underscore the necessity for flexible systems like VPPs, essential for efficient management and integration of distributed renewable assets. The European Environment Agency reports a renewable energy uptick from 23% in 2022 to 24.5% in 2023, thanks in part to increased solar power installations. VPPs expertly coordinate and optimize these installations, with the EU emerging as the world's second-largest growth market for renewables, as evidenced by projections from the IEA. This expansion highlights the indispensable role of VPPs in integrating new renewable capacity seamlessly into Europe's energy framework. Managing grid complexity due to renewable penetration emphasizes the importance of stability and flexibility. VPPs adeptly balance solar and wind generation with demand-side resources and storage systems. Key innovations, like Elisa's distributed energy storage expansion to 150 MWh with EUR 3.9 million in funding, demonstrate VPPs' efficacy in grid stabilization, reducing dependence on traditional power plants, and enabling smarter grid operations continent-wide. Regulatory variability remains a significant hurdle. Despite the Renewable Energy Directive (EU) 2018/2001's unified 2030 renewable target, national implementations are inconsistent. Moreover, the Electricity Regulation (EU) 2019/943's provisions for grid flexibility and demand response lack uniform execution across the EU, complicating VPP integration efforts. Why Should You Buy This Report? Comprehensive Market Analysis: Access detailed insights into major regions and segments. Competitive Landscape: Understand the presence of key market players. Future Trends: Identify pivotal trends shaping market evolution. Actionable Recommendations: Leverage insights to explore new revenue streams and strategic business decisions. Key Attributes: Report Attribute Details No. of Pages 100 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $1.5 Billion Forecasted Market Value (USD) by 2030 $4.76 Billion Compound Annual Growth Rate 21.3% Regions Covered Europe Companies Featured Siemens AG Toshiba Corporation Next Kraftwerke GmbH Hitachi, Ltd. ABB Ltd. Tesla, Inc. Centrica plc Cisco Systems, Inc. Bosch (Robert Bosch GmbH) General Electric Sympower SnerpaPower Voltus Baxenergy Flextools (Sympower) Technology Outlook (Revenue, USD Million, 2018-2030) Distributed Energy Resource Demand Response Mixed Asset End-use Outlook (Revenue, USD Million, 2018-2030) Industrial Commercial Residential For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment European Virtual Power Plant Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Newsweek
09-05-2025
- Business
- Newsweek
Why Virtual Power Plants are a Climate Solution for Our Divided Times
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Tens of thousands of homes equipped with rooftop solar and home battery storage in California and Texas are linking up in the latest examples of a growing and innovative energy solution called the Virtual Power Plant (VPP). Proponents say these carefully managed networks of home batteries and renewable energy can help grid operators avoid the use of more polluting power generation sources, cutting emissions and saving money for consumers. Two big announcements since May 1 show the growing appeal that VPPs hold for utility companies and state regulators searching for ways to meet growing electricity demand. In California, clean energy provider Sunrun announced that it has quadrupled the size of its VPP, called the CalReady power plant, to become one of the country's biggest distributed battery networks. By linking thousands of home solar and battery storage systems together, a Virtual Power Plant can cut power costs and greenhouse gas emissions. By linking thousands of home solar and battery storage systems together, a Virtual Power Plant can cut power costs and greenhouse gas emissions. Photo-illustration by Newsweek/Getty "We take tens of thousands of those batteries, network them together with software and provide energy to the grid as though it was a single power plant," Sunrun Head of Grid Services and VPP Christopher Rauscher told Newsweek. Rauscher said the VPP can provide 375 megawatts of electricity at its peak, enough to power 280,000 homes. This week battery maker sonnen announced a VPP initiative in Texas with its partners Abundance Energy, a retail electricity provider, and energy technology company Energywell. Many Texan homeowners have been adopting a mix of rooftop solar and battery storage to save energy costs and to add a backup energy source when storms knock out power. As Newsweek reported in July, Houston area residents with solar and storage were able to keep the lights on after Hurricane Beryl knocked out power to more than 2 million customers. Blake Richetta, chairman and CEO at sonnen, Inc., USA, told Newsweek that a VPP adds another benefit: lower rates. "It's cheap because we're using your solar in a more purposeful and thoughtful way, and because of that, the battery creates monetization," Richetta said. "And for you, Mr. Customer, all it means is a really low rate." A VPP appeals to power companies because it can enable them to avoid using some of the most expensive and most polluting sources of power, what are called "peaker plants." Traditionally, times of peak electricity demand would require a company to start up a short-duration power supply to pump more electricity onto the grid, and these are usually gas-fired turbines designed to fire up quickly. "The problem is, peaking power plants tend to be extremely inefficient and thereby expensive, and high CO2 emitters," Richetta explained. The VPP allows a grid manager to instead meet peak demand by drawing on power from the clean solar energy stored in thousands of home batteries, eliminating the need for the use of the peaker plant. In the long run, both Richetta and Rauscher said, VPPs could help power companies avoid building some peaker plants altogether. That would be a big climate win as power companies plan for ways to meet the coming surge in electricity demand from electric vehicles, electrification of more home appliances and power-hungry data centers. A report released in September by the independent climate and energy think tank RMI found that VPPs reduce costs by 20 percent and emissions by about 7 percent. The widespread adoption of VPPs could help power companies eliminate the need for 75 percent of new gas units, the report found, and cut anywhere from 12 to 28 million tons of carbon emissions by 2035. That would be about 2 to 4 percent of the total projected emissions from the U.S. power sector. Rauscher said Sunrun has integrated VPPs into electric systems in California, which has a highly sophisticated grid operating system, and in Puerto Rico, where the electrical system struggles with equipment failures and severe budget constraints. "That shows you that any utility in the country that is interested in having a virtual power plant can have one today," he said. "Because every utility in the country exists on a spectrum between Puerto Rico and California." VPPs are also gaining ground across varied political terrain. Richetta said sonnen's initiative in Texas is building on the success of another VPP developed earlier in Utah. He said that while officials and ratepayers in politically blue states will be interested in how a VPP can help cut greenhouse gas emissions, people in red states might find more appeal in how a VPP can cut energy costs. "Both sides of the aisle, politically, people are ready," Richetta said. That could make VPPs a climate solution that will work in a difficult political climate. "I really like the chances of the VPP, even now, in this political environment."
The Star
30-04-2025
- The Star
How power outages impact telecom networks
Pedestrians try to use their mobile phones on an unlit street during a power outage in Molins de Rei, Spain, on April 28, 2025. Spain and Portugal lost power shortly after 12.30pm local time in a massive blackout that idled public transport, airports and phone services, bringing the daily activities of millions to a halt. — Bloomberg PARIS: People holding up smartphones searching for a signal were one of the most visible signs of Monday's massive power outage in Spain, Portugal and southwest France. Telecom operators often have measures in place to weather such incidents, industry experts say, but there are limits to how much they can do to keep services available. Backup power Many base stations – the cell towers that connect phones wirelessly to the wider network – are fitted with backup batteries that let them keep operating for a few hours without grid power. This is especially common in countries with less reliable supply, or that are subject to natural disasters like earthquakes, said Ian Fogg of consultancy CCS Insight. Even in stable Germany, though, "our antenna locations are usually equipped with batteries," Deutsche Telekom spokesman Christian Fischer told AFP. "Short-lived, local power outages can be compensated for by the internal reserves on some installations," allowing mobile data service and voice calls to continue, he added. Hardware for the cabled "backbone" of the network and infrastructure such as data centres may be equipped with heavier-duty batteries or their own generators that can keep the lights on longer. Like other major providers, Deutsche Telekom also has temporary mobile cell towers, generators and other network equipment ready for deployment to disaster areas, Fischer said. But end users' devices like phones and routers will still need power of their own to access the network. Who you gonna call? Even if your own mobile network has power and your phone is powered and connected, a widespread blackout could leave people you try to call on other networks without connection, or take Internet services and websites offline, Fogg said. Phone networks can be set up so that users can receive emergency messages over the network of a rival operator if the one they subscribe to is unavailable. But "that depends on how everything is configured before the outage," and "only helps you if some of the operators are affected but not all of them," Fogg added. One alternative becoming available on the latest smartphones are so-called non-terrestrial networks (NTNs) which can allow for limited data and texts over a satellite connection. 'Virtual power plant' Different hardware providers are building technology that could see mobile networks themselves contributing to the stability of power grids. Nokia last year announced software it dubbed "Virtual Power Plant" that would help cell towers and other hardware feed power into the grid from their batteries or solar panels, generating revenue for operators and helping stabilise supply. Rival Ericsson has a similar offering named "Site Energy Orchestration", while Finnish operator Elisa already has a "Distributed Energy Storage" system of this kind in service. – AFP
Yahoo
25-02-2025
- Business
- Yahoo
Illinois residents could save $2.4B on energy costs by proposed battery storage bill
SPRINGFIELD, Ill. (WTVO) — Illinois legislators have introduced a pair of bills that would invest in a in an effort to lower energy costs for residents. House Bill 3758 and Senate Bill 2497 were introduced Tuesday by Sen. Bill Cunnigham (D-Chicago) and Rep. Marcus Evans (D-Chicago). Together, the bills would create a target for Illinois to build 15 gigawatts (GW) of battery electric storage which the legislators anticipate would save consumers $2.4 billion on energy bills over the next 20 years. The battery reservoirs would store excess solar and wind-generated power and create a Virtual Power Plant program so Illinois residents with small-scale energy installations, such as solar panels on a home, could combine energy and distribute it through the grid during periods of high demand. 'With energy prices skyrocketing across the country and leaders in Washington opening the floodgates for fossil fuels, our bill makes it clear that Illinois will remain at the forefront of lowering energy costs while investing in clean energy,' Sen. Cunningham said. A by the Illinois Power Agency predicted the deployment of 15 GW of energy storage would create 115,000 jobs, prevent more than $7 billion in blackout-related expenses, and generate $16 billion in economic activity. According to the analysis, it would take a net cost of $6.4 billion to build the battery storage capacity, although consumers would not be billed for the program until 2030 when it would go online. The report predicts the cost would be offset by $9.4 billion less in consumer energy bills. At the same time Illinois is retiring non-renewable energy sources, households, businesses, and emerging industries are consuming more power than ever,' Rep. Evans said. 'HB3758/SB2497 offers a unique opportunity to keep Illinois powered while also staying on track for our ultimate goal of 100% renewable energy.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
