As distributed energy resources such as residential solar rooftop increase in the next decade, aggregation into virtual power plants could save US utilities up to US$35 billion, according to The Brattle Group.

Finland telecommunications firm Elisa has received €3.9 million from the government to form a VPP using batteries which could be the largest of its kind in Europe.

Wärtsilä will supply two 10MW/10MWh battery energy storage systems to a utility in the Cayman Islands.

Some 2,000 residential battery systems in Belgium have been aggregated into a virtual power plant (VPP) and are providing balancing services to transmission system operator Elia.

Another edition of our news in brief from around the world in energy storage.

Bank CIT will be the lead arranger of financing for Swell Energy’s pipeline of behind-the-meter commercial energy storage projects in California.

News in brief from around the world in energy storage.

Annual deployments of distributed energy storage connected to virtual power plants (VPP) is expected to reach 3GW by 2030, according to research firm Guidehouse Insights.

Vehicle-to-grid solutions provider Nuvve, along with a host of other groups, has signed a memorandum of understanding with the US Department of Energy to accelerate the commercialisation of V2G and other vehicle-grid integration technologies.

New York state is on course to meet its new 2030 target of 6GW of storage deployment, with storage projects in its interconnection queue growing 50% to 12GW.