What is thought to be Canada’s first virtual power plant (VPP), aggregating the capabilities of a small fleet of solar PV-plus-storage systems with energy management software, has been deployed in Ontario.
The importance of technologies and services that enable effective energy storage including software and systems integration, is set to grow more than 30 times over in the next nine years, a new report claims.
Energy storage is likely to be worth “tens of billion dollars in the next five to 10 years” across a number of global regions, according to executives at solar microinverter firm Enphase.