Virtual power plants (VPP) have been around for a while now, with early examples almost a decade old, yet mass adoption has been limited so far. However, as technology and policy mature in an increasingly volatile energy landscape, the case for VPPs has begun to rise once again around the world. We have seen a steady rise in the residential sector, especially in homes, but with new funding mechanisms emerging within a new tech and policy landscape, commercial buildings are poised to seize the VPP opportunity. Fortune Business Insights projects the global VPP market to grow to $6.47 billion by 2028, up from its 2021 level of $0.88 billion. By 2025, $110 billion is expected to be invested in distributed energy resources (DERs), partly fueled by the United States Loan Programs Office. That’s $5 billion every month, accelerating to more than $20 billion per month by the decade’s end, according to Wood Mackenzie data. And, […]