Virtual power plants to reach US$5.3 billion in annual vendor revenues by 2023, says Navigant

Several developments in the power sector, including the increasing penetration of smart meters and growth in variable renewable generation, have created an environment conducive to virtual power plants (VPPs). VPPs combine a rich diversity of independent resources into a network via sophisticated planning, scheduling, and bidding of distributed generation-based services. According to Navigant Research, total annual VPP vendor revenues will grow from US$1.1 billion in 2014 to US$5.3 billion in 2023.



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