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SolarEdge Launches its First Battery Virtual Power Plant Supporting Great Britain’s National Grid ESO Demand Flexibility Service
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SolarEdge Technologies has launched its Battery Virtual Power Plant in Great Britain, enabling home battery owners to participate in the National Grid ESO Demand Flexibility Service (DFS). This initiative allows users with eligible smart meters to earn financial incentives by using stored energy during peak demand events. The program aims to stabilize the grid while providing homeowners with the opportunity to minimize their grid consumption and maximize their earnings through energy exports. SolarEdge’s technology automatically optimizes battery usage during these events.
Positive
Launch of Battery Virtual Power Plant opens financial incentives for users.
Homeowners can earn more by exporting excess energy to the grid.
Participation in DFS enhances grid stability in Great Britain.
Negative
None.
Great Britain’s SolarEdge Home Battery owners can participate in the Demand Flexibility Service to help stabilize the grid and earn financial incentives utilizing their stored battery energy during pre-scheduled ‘peak demand events’
MILPITAS, Calif.--(BUSINESS WIRE)--
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced the launch of 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, that are now able to earn financial incentivesutilizing their stored battery energy during DFS peak demand events, which will be used to stabilize the grid.
New Battery Virtual Power Plant launched within Great Britain’s National Grid ESO Demand Flexibility Service (Photo: Business Wire)
As part of the DFS, energy suppliers have been asking participating customers to reduce their electricity consumption during pre-scheduled demand events. Starting today, SolarEdge Home Battery owners will be able to seamlessly minimize their grid consumption during each event and earn financial incentivesby leveraging their stored battery energy. In addition, battery owners with an eligible export meter can earn even higher financial incentivesby 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’ benefitswhile helping to stabilize the grid.
Meir Adest, Co-Founder and Chief Product Officer at SolarEdge Technologies, commented: “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. 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.”
SolarEdge is listed on the approved providers list taking part in the ESO Demand Flexibility Service, here.
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC-optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains, and grid services solutions.
What is SolarEdge's new initiative in Great Britain regarding home batteries?
SolarEdge has launched the Battery Virtual Power Plant, allowing home battery owners to earn financial incentives by participating in the National Grid ESO Demand Flexibility Service.
How do SolarEdge Home Battery owners benefit from the Demand Flexibility Service?
Home battery owners can earn financial incentives by using stored energy during peak demand events and can earn more by exporting excess energy back to the grid.
What financial incentives do users receive from the Battery Virtual Power Plant?
Users can earn financial incentives during pre-scheduled peak demand events by minimizing grid consumption and exporting excess energy to the grid.
How does SolarEdge's technology optimize battery usage?
SolarEdge's technology automatically optimizes charging and discharging of batteries during demand events to maximize homeowners' benefits.
When did SolarEdge launch its Battery Virtual Power Plant?
The Battery Virtual Power Plant was launched on February 6, 2023.
