Up to 19GW of new dispatchable resources are needed by 2040 to back up renewables in Australia (AEMO). Demand Response (DR) is one of the most promising options available to support renewable power, and is expected to play a large role in our future power system. A VPP is a collection of distributed energy assets - batteries, generators and onsite equipment - that are aggregated to support the grid with dispatchable capacity. Our VPP aggregates demand-side resources and offers the capacity as a single ‘virtual power plant’ to the energy markets to keep the system reliable and secure, while paying energy users for their participation.
Australia’s energy transition is accelerating
As we build more wind and solar power each year, the retirement of many of our largest coal-fired power stations is on the horizon. To make this transition work, we need to build new forms of power capacity that ensure the reliability of the power grid while balancing the natural variability of renewables.