As residential energy storage systems become more widespread, an exciting opportunity is emerging for homeowners: participating in energy markets and helping to stabilize the grid. But how can smaller home batteries combine forces to contribute during times of high demand? The answer lies in virtual power plants (VPPs). These interconnected networks of residential storage systems work together to provide energy back to the grid when needed. Not only do VPPs support grid stability, but they also create potential revenue streams for participating homeowners by compensating them for their stored energy.
Geoff Ferrell, Senior Vice President of Global C&I and VPP Project Business in the Americas at sonnen, Inc. joins Quentin for this week’s episode. Over the course of the conversation, they discuss:
- sonnen’s role in pioneering residential energy storage and the company’s growth and market presence.
- Explanation of Virtual Power Plants (VPPs) and their role in energy management.
- How VPP’s allow market participation, and where they allow batteries to engage.
- Why cell chemistry matters for a residential asset.
- The importance of metering and accurate energy data for market participation.
About our guest
Born of German Engineering and American ingenuity, sonnen products are designed to manage and store energy to increase the flexibility of our energy system and provide you with greater energy independence while enabling the energy future. Starting with individual systems that have evolved into a global network, Sonnen are connecting connect people and technologies through their hardware, VPP products and more.
For more information on what sonnen do, head to their website.
About Modo Energy
Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place. Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.
All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on VPPs, check out our written research.
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