Overview
In a Virtual Power Plant (VPP), the combined power generation and consumption of networked units are traded on the energy exchange. This network consists of decentralized power generation units, including Combined Heat and Power (CHP) plants, wind farms, solar parks, small hydroelectric plants, biomass facilities, as well as flexible power consumers and battery storage systems

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Market Growth Trends
The growing demand for clean energy and ongoing government support for renewable energy generation are key factors driving market growth. According to a report by the International Energy Agency (IEA), global electricity demand increased by 4%, or 900 TWh, in 2020—growing nearly twice as fast as overall energy demand.

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Market is Segmented
By Technology: Demand Response, Distribution Generation, Internet of Things
By End Users: Residential, Commercial, Industrial
By System Type: Centralized Controlled Virtual Power Plant, Decentralized Controlled Virtual Power Plant
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

Market Key Players
• ABB
• Siemens AG
• Sunverge Energy Inc.
• AutoGrid Systems, Inc.
• Advanced MicroGrid Solutions, Inc.
• ENGIE Storage Services NA LLC
• Spirae, LLC
• Sonnen
• Enbala Technologies
• Next Kraftwerke

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