Market barriers include cybersecurity risk, regulatory hurdles and costs of deployment
BOULDER, Colo., June 8, 2022 /PRNewswire/ — A new report from Guidehouse Insights explores virtual power plant (VPP) uses in distributed energy storage (DES) markets.
As the demand for distributed energy resources (DER) deployment increases, so has the need to examine the issues of high costs and renewable energy source intermittency. With the help of VPPs, DES markets can become more robust and reliable. According to a new report from Guidehouse Insights, global VPP-enabled energy storage additions are anticipated to be 3.0 GW by 2030, growing from 288.1 MW in 2021 at a compound annual growth rate (CAGR) of 29.8%.
“As distributed energy markets increasingly become more connected and designed with intelligent management technology, more DER deployments are anticipated to have VPP capabilities at…
Guidehouse Insights Estimates Global VPP-Enabled Energy Storage Additions Will Grow at a Compound Annual Growth Rate of 30% Through 2030
