SolarEdge Technologies, Inc.’s grid services offer aggregative control and data reporting enabling the pooling of PV and storage in the cloud for the creation of virtual power plants.Offering benefits to all stakeholders, the solution provides utilities with the tools to leverage distributed energy generation systems to more efficiently meet demand. Energy retailers enjoy protection from price peaks and PV system owners can increase their revenue from joining this new energy economy. 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.
SolarEdge Technologies | www.solaredge.com