How virtual power plant works. (Image via Next Kraftweke)

Japan Tops the World Market for Virtual Power Plants

Toska Dhia Andana
Market & Investment
Japan Market
Jul 24, 2019
3070
A lot of buildings and houses are now using PV panel or solar panel. By using it, these buildings and houses are able to get electricity from the solar. Although solar energy is popular starting from the mid 2000s, Japan has already made it long way back in 1955. However, the first PV solar panel was connected to the Japanese grid in 1978.

When the solar panel became popular in the mid 2000s, Japan was actually one of the first countries to have used the technology. It was going smooth at first, until Japan had difficulties with the solar panel. Due to this, Japan decided to start using Virtual Power Plant (VPP) to tackle this problem. Since then, Japan has been using VPP to support their electricity supply across the country.

On June this year, AutoGrid revealed that they are working with a Japanese energy services and trading company ERNES Co. to create a VPP for Japan. They stated that the VPP will be the largest VPP in the world as well. When Japan is finally get to use this VPP, they will be the country that is using the top VPP in the world.

Japan currently has 450 active energy retailers as they are planning to distribute electricity for 2.5 million homes for the next 10 years. Because of this, Japan's VPP is predicted to hit $45 million in value by 2028.

Source: https://www.forbes.com/sites/pikeresearch/2019/07/23/japan-could-determine-the-fate-of-the-world-market-for-virtual-power-plants/#8c11b7f3dfa5

Japan , VirtualPowerPlant , SolarEnergy , SolarPanel , AutoGrid