SolarEdge launches first battery-powered virtual power plant

SolarEdge Technologies, a worldwide pioneer in intelligent energy solutions, has unveiled the debut of the inaugural virtual battery power plant that backs the British ESO Demand Flexibility Service (known as “DFS”). This marks a significant step in harnessing smart energy technology to enhance energy flexibility and efficiency.

Thousands of SolarEdge home battery owners across the UK now have access to this service. By utilizing the stored energy during peak demand times identified by the DFS, they can not only contribute to grid stability but also enjoy financial rewards through this initiative.

How does it work in practice?

In the UK, owners of SolarEdge Home batteries can engage in the Demand Flexibility Service, which aids in grid stabilization. By making use of their stored battery power during pre-scheduled ‘peak demand events’, participants not only contribute to a more stable grid but also reap financial rewards.

Within the framework of DFS, energy suppliers request participating customers to lower their electricity consumption during pre-arranged occasions.

What are the benefits of having a SolarEdge Home Battery?

Owners of SolarEdge Home Batteries will have the convenient ability to effortlessly reduce their grid electricity usage during each event, leading to the opportunity to earn financial rewards through the utilization of stored battery power. Moreover, those with an export meter can further increase their financial incentives by sending surplus energy back to the grid. Meir Adest, Co-Founder and Chief Product Officer at SolarEdge Technologies, shared his thoughts on this development:

THIS IS A PERFECT EXAMPLE OF THE TRANSFORMATIVE IMPACT THAT BATTERY STORAGE CAN HAVE IN FUTURE GRID STABILIZATION AND HOW HOMEOWNERS CAN PLAY A PART.

Meir Adest, Co-Founder and Chief Product Officer at SolarEdge Technologies

The advanced SolarEdge technology intuitively fine-tunes the process of battery charging and discharging for every event, thereby maximizing advantages for homeowners and simultaneously contributing to grid stability. Meir Adest elaborated on this achievement:

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

Meir Adest, Co-Founder and Chief Product Officer at SolarEdge Technologies

Michał Marona, Country Manager at SolarEdge Poland, added:

Virtual power plants are the next step in the energy sector, also in Poland. Virtual power plants aggregate and control energy in the cloud, creating a new shared economy where consumers become active participants in the clean electricity market. A network of distributed home energy resources, connected and managed remotely, is not only a benefit for users and the power grid, but also an important solution on the way to decarbonisation .

Michał Marona, Country Manager at SolarEdge Poland

About SolarEdge

SolarEdge stands as a global frontrunner in intelligent energy technology. By harnessing top-tier engineering capabilities and fostering innovation, SolarEdge crafts ingenious energy solutions that fuel our daily lives and propel us towards a promising future. A key breakthrough is SolarEdge’s creation of a smart inverter, revolutionizing how energy is harnessed and managed in photovoltaic (PV) systems. Through the DC Power Optimized SolarEdge inverter, the goal is to maximize power generation while minimizing the cost of PV system-generated power. As a pioneering force in smart energy, SolarEdge extends its focus to encompass a comprehensive range of solutions spanning PV, energy storage, EV charging, and grid services across diverse energy market segments.

For further details about SolarEdge, visit solaredge.com.

Source: SolarEdge Press Release