SolarEdge Home Battery to Participate Once Again in Great Britain’s National Demand Response Scheme to Support Grid Stability
December 13 2023 - 7:30AM
Business Wire
SolarEdge’s innovative technology autonomously
charges and discharges a homeowner’s battery, enabling them to earn
financial incentives from the DFS without having to manually
operate their batteries or manually reduce their electricity use
during peak events
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a
global leader in smart energy technology, today announced its
renewed participation in Great Britain’s Electricity System
Operator’s (ESO) Demand Flexibility Service (DFS) scheme, as part
of its portfolio of Virtual Power Plants (VPP).
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231213566290/en/
Illustration of Virtual Power Plant
(Photo: SolarEdge)
As part of the DFS that was introduced last winter and is now
continuing its service, ESO asks consumers in Great Britain to
reduce their electricity consumption during pre-scheduled demand
events in order to help stabilize the grid in return for financial
incentives. In contrast to homeowners paid by the DFS for manually
reducing their energy consumption, SolarEdge Home Battery owners
with an eligible export meter can earn financial incentives without
having to change their home electricity consumption behavior.
SolarEdge’s innovative technology will remotely schedule the
batteries to automatically charge ahead of each DFS event and then
maximize energy export to the grid during the event itself. This
enables SolarEdge Home Battery owners to earn financial incentives
without having to manually operate their batteries or change their
consumption patterns.
Alfred Karlstetter, General Manager Europe at SolarEdge,
comments: “We are happy to enable SolarEdge Home Battery owners
in Great Britain the continued benefits in participating in the DFS
scheme. Innovative solar and storage technologies can simplify
participation in demand response programs in a way that is
seamless, more intuitive and more profitable for system owners.
It’s exciting to see the tangible impact solar and battery storage
technologies can have on grid stabilization and how homeowners can
be a part of that.”
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. SolarEdge is online at www.solaredge.com
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version on businesswire.com: https://www.businesswire.com/news/home/20231213566290/en/
PR Contact
Dana Noyman Head of Corporate Communications & PR
dana.noyman@solaredge.com
Lily Salkin Global Public and Media Relations Manager
Lily.salkin@solaredge.com
Investor Contact JB Lowe Head of Investor Relations
investors@solaredge.com
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