SolarEdge Launches Grid Services, Virtual Power Plant Solution

It’s grid services offer aggregative control and data reporting enabling the pooling of PV and storage in the cloud for the creation of virtual power plants.

Israel-based inverter solutions provider SolarEdge Technologies has launched an innovative solution for grid services and virtual power plants.

The solution supports a new model of energy generation. It’s grid services offer aggregative control and data reporting enabling the pooling of PV and storage in the cloud for the creation of virtual power plants.

The solution will provide utilities with the tools to leverage distributed energy generation systems to more efficiently meet demand.

Also, energy retailers will enjoy protection from price peaks and PV system owners can increase their revenue from joining this new energy economy.

 “With the continued evolution in PV and storage, renewable energy can be affordable and abundant. We are moving closer to the day when everyone will produce, store, and sell their own energy,” stated Guy Sella, CEO of SolarEdge, Founder. “Our grid services aim to accelerate the transition to a more stable and cost-effective grid in which people have more control over their energy.”

The solution helps to resolve a variety of complex energy issues such as, generation shortages, transmission bottlenecks, energy arbitrage, and frequency imbalances, thus reducing the need to invest in additional and expensive infrastructure.

It will also provide energy retailers with protection against price peaks by facilitating access to stored energy.

As PV markets evolve from feed-in tariffs to net-metering and finally to self-consumption, the grid services will provide homeowners with the opportunity to maximize self-consumption and take advantage of time-of-use tariffs as a revenue stream.