Volts The promise of residential VPPs
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Dec 20, 2024 Ben Brown, CEO of Renew Home, shares his expertise on the innovative world of residential virtual power plants (VPPs). He discusses a monumental 1-gigawatt deal with NRG Energy, which could reshape energy management. The conversation delves into the role of smart thermostats and the importance of customer engagement, data privacy, and transparent practices. Brown also highlights the scalability of VPPs to meet rising electricity demands and explores the integration of smart devices for enhanced energy efficiency in homes.
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VPP Components and Capabilities
- VPPs consist of distributed energy resources like solar panels, batteries, and smart appliances.
- These resources work together to generate, store, and shift power in real-time.
VPPs Becoming Reality
- VPPs are transitioning from theoretical concepts to tangible grid assets.
- Ben Brown's company, Renew Home, is developing a 1-gigawatt VPP in Texas with NRG Energy.
Renew Home's Texas VPP
- Renew Home's Texas VPP aims to shift energy usage from peak times, addressing grid stress.
- This approach is more cost-effective than building new natural gas power plants.