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|SolarEdge Launching Grid Services and Virtual Power Plant Solution|
The solution supports a new model of energy generation
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180503005821/en/
With the increasing proliferation of PV and storage around the world, the energy production industry is transitioning from a centralized system to a distributed network in which energy is produced closer to the location it is stored and consumed. This provides PV and storage system owners with a new revenue stream opportunity by selling their self-produced and stored energy. However, the new complex network of distributed generation requires sophisticated management platforms to provide real-time, aggregated control of the demand and supply of energy.
“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
“Implementing a new model of energy generation requires simultaneous
advancements at the hardware, system, and network levels. Our HD-Wave
inverter made PV more energy-efficient and cost effective. At the system
level, our inverters synchronize energy production, usage, and storage
to create a seamless user experience with our monitoring platform,”
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.
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