RMI, a nonprofit organization focusing on accelerating the clean energy transition, in a press release Tuesday, announced it would host the Virtual Power Plant Partnership (VP3).
VP3 works to shape policy to support scaling VPPs, helping to advance affordable, reliable electric sector decarbonization.
VPPs are poised for explosive growth this year after new incentives from the Inflation Reduction Act (IRA) make these clean energy devices (like electric vehicles and solar energy panels) more affordable.
Mark Bole, GM’s VP and head of V2X and battery solutions, said:
Virtual power plants present an exciting opportunity to unlock additional value for homes, businesses and communities, helping to drive greater energy independence and grid decarbonization.
By 2030, VPPs can reduce peak power demand in the US by 60 gigawatts (GW), lowering annual power sector costs by $17 billion, according to RMI. The VP3 partners, including Ford, GM, Google, Sunrun, SunPower, and others, will focus on documenting the benefits, developing best practices, and shaping policy development to promote VPP use going forward.
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