“Energy from the neighbourhood producer”
According to business consultancy PwC, there are around 100 "virtual power plants" in Germany, which usually pool different kinds of renewable energy projects, Steffen Ermisch reports in Handelsblatt. 37 of them participate in the market for balancing power, thereby stabilising the grid, and 26 sell power on the wholesale market. PwC believes the business model still offers much potential for growth. “Virtual power stations promise flexibility that is increasingly in demand as conventional power stations go offline and the roll-out of renewables continues,” PwC energy expert Joachim Albersmann told the paper.
Read the article in German here.