Tech startup’s expertise will help shape and scale the emerging VPP market
Leap, the leading platform for energy market access, today announced that it has joined the Virtual Power Plant Partnership (VP3). RMI, founded as Rocky Mountain Institute, launched the VP3 initiative in January 2023 to advance virtual power plant (VPP) solutions to help decarbonize the electricity sector. Through this collaboration, Leap will work closely with other leading energy technology companies, including Leap’s current technology partners Google Nest and Sunrun, to accelerate the growth of the VPP industry.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230413005625/en/
Virtual power plant solutions improve grid reliability, reduce the grid’s carbon intensity and help enable the integration of more clean energy sources. (Photo: Business Wire)
Virtual power plants are grid-integrated portfolios of distributed energy resources (DERs) aggregated across hundreds or thousands of households and buildings to offer flexible support to electric grids. VPP solutions improve grid reliability, reduce the grid’s carbon intensity and help enable the integration of more clean energy sources. Leap aggregates the battery storage systems, electric vehicle (EV) chargers, smart building systems and other DER technologies enrolled on its platform to supply VPPs in energy markets across the United States. Leap currently has over 65,000 meters and 660 MW of load authorized on the Leap platform. Wood Mackenzie recognized Leap as the leading VPP market interface by number of aggregations in its recent Virtual Power Plant market report.
“We’re seeing a massive adoption of smart energy technologies in homes and businesses, and with that comes an unprecedented opportunity to scale up virtual power plant solutions,” shared Andrew Hoffman, Leap’s Chief Development Officer. “Leap is excited to join the Virtual Power Plant Partnership to help…