SolarEdge Launches its First Battery Virtual Power Plant Supporting Great Britain’s National Grid ESO Demand Flexibility Service
February 06 2023 - 5:00PM
Business Wire
- 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’
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 incentives utilizing their stored battery energy
during DFS peak demand events, which will be used to stabilize the
grid.
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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 incentives by
leveraging their stored battery energy. In addition, battery owners
with an eligible export meter can earn even higher financial
incentives by 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’ benefits while 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.
SolarEdge is online at www.solaredge.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230206005394/en/
SolarEdge Technologies, Inc. Lily Salkin Global Public and Media
Relations Manager Lily.salkin@solaredge.com +972-522028240
Dana Noyman Head of Corporate Communications and Global PR
dana.noyman@solaredge.com +972 54 999 8809
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