Virtual Power Plants Becoming Reality

Virtual power plants (VPPs) are moving from concept to broad deployment throughout many countries worldwide, aiming to get the most out of distributed energy resources (DERs) in these regions.

With the proliferation of this technology, Lux Research has identified four key conditions VPPs are looking for when evaluating new regions or countries for operations:

Energy companies interested in expanding VPPs to new geographies should rely on the above four key conditions when evaluating whether VPPs are suitable and can provide value. Today, markets in Southeast Asia are interesting emerging opportunities for VPP deployments, and players active in the energy space should seek partnerships in the region to introduce the solution, starting with pilot demonstration projects.