Saturday, February 24, 2024

SolarEdge launches its first Battery Virtual Power Plant

SolarEdge Technologies, an Israeli smart energy tech company, has launched its first Battery Virtual Power Plant supporting Great Britain’s National Grid ESO Demand Flexibility Service (DFS).

The service is available to thousands of SolarEdge Home Battery owners across Great Britain with eligible smart meters. The company is inviting them to participate in the service to help stabilize the grid and earn financial incentives utilizing their stored battery energy during pre-scheduled peak demand events, which will be used to stabilize the grid.

As a part of this service, energy suppliers have been asking participating customers to reduce their electricity consumption during pre-scheduled demand events. SolarEdge Home Battery owners will be able to seamlessly minimize their grid consumption during each event and earn financial incentives by leveraging their stored battery energy.

Additionally, battery owners with an eligible export meter can earn even higher financial incentives by exporting their excess battery energy back into the grid.

SolarEdge’s innovative technology will automatically optimize the battery charge and discharge during each demand event, maximizing homeowners’ benefits while helping to stabilize the grid.

“This is a prime example of the transformational impact that battery storage can have in future grid stabilization and how homeowners can play their part,” said Meir Adest, Co-Founder and Chief Product Officer at SolarEdge Technologies.

“SolarEdge is dedicated to improving the ways energy is generated, stored, and consumed, and we believe that advances in solar and storage technologies are key to unlocking value at both the local and grid level. Our innovative technology simplifies the participation in demand response programs in a way that is smarter, more intuitive, and more profitable for system owners.”