In a market with high renewable penetration and unique geographical challenges, flexibility is crucial to maintaining grid stability in Australia. In recent years, the concept of Virtual Power Plants (VPPs) has emerged as a transformative solution. By integrating numerous Distributed Energy Resources (DERs) into one network, VPPs are changing the way electricity is generated, managed, and utilised says GridBeyond’s report Virtual power plants in Australia – A bright future ahead.
Australia is a leader in renewable energy adoption, with solar and wind constituting a significant share of its energy mix. Renewables are becoming an increasingly critical part of the global energy system, but their intermittent nature means there is a need for a significant increase in flexible resources to manage an increased volatility. In addition, adoption of flexible devices such as heat pumps, Electric Vehicles (EVs), and battery storage is accelerating, while regulators and utilities are looking for solutions to reliability and affordability challenges.
The energy sector is facing major challenges to meet the demands of global warming mitigation and adaptation, which require the decarbonisation of multiple sectors of the economy. VPPS have emerged as a transformative solution offering a flexible and decentralised approach. By integrating numerous Distributed Energy Resources (DERs) into one network, VPPs are changing the way electricity is generated, managed, and utilised and can offer a wide array of benefits across energy system that can be managed by AI-powered technologies supporting businesses in managing their energy consumption and support grid stability.
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GridBeyond began commercially trading in 2010 and is home to the world’s first hybrid battery and demand network. Now a global player in the energy transition, GridBeyond provides a powerful combination of technological excellence, consultative approach and unrivalled AI expertise that enables its clients to maximize energy services, while supporting the wider electricity grid’s leap to a greener future through renewable generation expansion.
GridBeyond delivers energy services, new revenues, enhanced savings, strengthened operations and sustainability to over 900 I&C customer sites worldwide, including some of the planet’s most recognized brands in just about every commercial sector.