Companies to jointly launch additional market
products following delivery of uninterrupted aFRR capacity for last
six months
DENVER, June 2, 2022
/PRNewswire/ -- Generac Grid Services, a subsidiary of Generac
Power Systems (NYSE: GNRC), a leading designer and
manufacturer of energy technology solutions and other power
products, and German utility RWE today announced an expanded
collaboration after Generac Grid Services delivered an automatic,
fast-power control virtual power plant (VPP) solution to an energy
market within Germany for the past
six months. The success sets the stage for the two companies to
expand market operations, with a plan to launch two more market
products this year.
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Generac Grid Services has facilitated uninterrupted automatic
Frequency Restoration Reserve (aFRR) capacity, supporting the
balance of power within the Amprion Transmission System Operator
(TSO) Control Area, since December
2021. The solution is enabled by Generac Grid Services'
Concerto™ distributed energy resource control platform, increasing
efficiency and performance by removing manual operations from this
real-time market service. The achievement demonstrates the value
the Concerto platform can unlock in efforts to create a sustainable
and reliable power grid.
RWE's D-Central program enables commercial and industrial
customers to integrate their distributed energy resources (DERs)
into RWE's virtual power plant, and thereby benefit from
participating in energy markets. Leveraging Concerto, RWE captures
additional revenue by taking full advantage of available DER
flexibility. When an aFRR market bid is accepted, RWE delivers its
capacity automatically using Concerto's closed-loop, real-time,
transactive optimization engine. Concerto's unique technology
empowers RWE to dispatch the optimal combination of devices in its
fleet of distributed assets. RWE thus can maximize the value of its
available flexible capacity beyond simply meeting awarded energy
capacity requirements.
"Concerto has performed flawlessly in providing 24/7 aFRR market
operations," said Patrick Luig,
product owner for the D-Central program for RWE. "Having proven the
high value of Concerto in providing fast-responding flexible and
sustainable capacity to the German grid, RWE is excited to grow our
collaboration with Generac Grid Services."
Along with the aFRR solution, RWE now leverages Concerto to bid
into the German interruptible load market. This solution
enables RWE to stack additional value from its fleet of distributed
energy resources.
"Generac Grid Services is proud to support RWE in providing
grid-balancing solutions that support a reliable grid as more
intermittent renewables connect to the system," said Michael Ruth, VP of Product at Generac Grid
Services. "Concerto's successful, round-the-clock performance
demonstrates distributed energy resources' viability to support
real-time grid needs when paired with our industry-leading control
platform."
About Generac Grid
Services
Generac Grid Services is a subsidiary of Generac Power Systems
(NYSE: GNRC), a leading designer and manufacturer of energy
technology solutions and other power products. Generac Grid
Services is working to change the way the world generates and uses
electricity. From turnkey solar + storage solutions, to backup
generators, additional distributed energy resources and virtual
power plant software, Generac Grid Services is helping to
accelerate the world's transition to a cleaner, more reliable power
grid. Via the company's energy-balancing platform, power generation
and storage products that might otherwise sit idle are now able to
be dispatched and orchestrated as part of a distributed energy
solution, thereby generating value for the home or business owner,
while also delivering value to the energy grid.
About RWE
RWE is leading the way to a green energy world. With an
extensive investment and growth strategy, the company will expand
its powerful, green generation capacity to 50 gigawatts
internationally by 2030. RWE is investing €50 billion gross for
this purpose in this decade. The portfolio is based on offshore and
onshore wind, solar, hydrogen, batteries, biomass and gas. RWE
Supply & Trading provides tailored energy solutions for large
customers. RWE has locations in the attractive markets of
Europe, North America and the Asia-Pacific region. The company is
responsibly phasing out nuclear energy and coal. Government
mandated phaseout roadmaps have been defined for both of these
energy sources. RWE employs around 19,000 people worldwide and has
a clear target: to get to net zero by 2040. On its way there, the
company has set itself ambitious targets for all activities that
cause greenhouse gas emissions. The Science Based Targets
initiative has confirmed that these emission reduction targets are
in line with the Paris Agreement. Very much in the spirit of the
company's purpose: Our energy for a sustainable life.
Contact: Don Klein
Don.Klein@Generac.com
Phone:
414-531-0470
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SOURCE Generac Grid Services