VPPs with smart inverters offer crucial flexibility to the changing grid

Energy generation and consumption is rapidly transforming into a decentralized, decarbonized, and digitized model due to a number of market forces. The declining costs of solar energy systems, as well as the increasing price of energy from the grid has led to grid parity. This has caused PV proliferation to accelerate to such an extent that in the past five years alone, PV installed capacity has increased by 300%. Simultaneously, the EV market is also on the rise and is expected to reach the electrification tipping point by 2030. This is due to support from governments trying to limit the effects of climate change, thus leading to automotive manufactures transitioning their fleets from standard petrol- and diesel-powered cars to EVs. As a result of the acceleration of both of these markets, EV charging has created demand patterns causing an even steeper and faster ramp-up in the evenings than the PV duck curve. , This is causing the grid’s balancing act to be increasingly complex. In order to support this new energy dynamic, advanced management software is required to ensure grid stabilization and to unlock the value of these energy resources.

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