Lighting

Virtual Power Plants could be the Catalyst for a Power Revolution

Virtual power plant technology has become increasingly well known in the energy sector; a system that integrates several types of power sources so as to give a reliable overall power supply. A virtual power plant acts as an arbitrageur by exercising arbitrage between diverse energy trading floors, and can potentially remove the need for additional actual power plants by making a whole energy system more efficient, especially in competitive power markets. In the UK a two-year-old virtual power plant start-up, Limejump, is making waves in the power sector with their unique business model. They’re the first utility to combine energy aggregation, trading and supply services to provide their customers with full energy market optimisation. “Our technology is positively disrupting the energy industry by decreasing reliance on fossil fuel power stations, increasing the uptake of renewable generation, lowering carbon emissions and empowering small scale generators and businesses to become active market participants and thereby decreasing their […]

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