Voltus Again Recognized as a Leading Virtual Power Plant Aggregator in 2024 Wood Mackenzie VPP Report
August 20 2024 - 8:00AM
Voltus, Inc. (Voltus), the leading distributed
energy resource (DER) software platform and virtual power plant
(VPP) operator, today announced that it has been named a leader in
the U.S. and Canadian VPP markets by Wood Mackenzie for the second
consecutive year. In Wood Mackenzie’s annual report on the size of
and outlook for the North American VPP market, Voltus received
multiple accolades, including ranking highest in the number of VPPs
that include commercial and industrial (C&I) utility customers
and recognition for being “first-in-market” for high-reward
ancillary services programs.
“Despite capacity accreditation setbacks in some markets for
C&I demand response resources, Voltus remains a leader in the
U.S. and Canadian VPP markets,” said Ben
Hertz-Shargel, Global Head of Grid Edge, Wood Mackenzie.
“Their staying power is a function of their commitment to
innovation and, increasingly, the growing population of DER-owning
residential customers.”
Since Voltus provided data for this report earlier this year,
the company’s aggregate megawatts under management (MWUM) has
increased by 20% to more than 7,000, representing approximately
one-fifth of the total VPP capacity in the U.S. and Canada tracked
by Wood Mackenzie.
“Wood Mackenzie’s DER and VPP reports are valuable resources for
the power and utilities industry, and we’re honored to have the
hard work of Voltus highlighted,” said Voltus President, Matthew
Plante. “Our recent growth, which has been driven by partnerships
with battery storage system developers, residential customers, and
traditional, capacity-based demand response programs, reflects the
fact that customers of all sizes recognize the financial
opportunity available to them and want to be part of the solution
in this load-growth, high-cost environment.”
The expanded Voltus portfolio is already delivering results for
the grid, its customers, and the climate. So far this year, Voltus
has been dispatched nearly 99% of all days, achieving 125,000
metric tons in net avoided emissions.
About VoltusVoltus is a leading DER technology
platform and virtual power plant operator connecting distributed
energy resources to electricity markets, delivering less expensive,
more reliable, and more sustainable electricity. Our commercial and
industrial customers and DER partners generate cash by allowing
Voltus to maximize the value of their flexible load, distributed
generation, energy storage, energy efficiency, and electric vehicle
resources in these markets. To learn more, visit www.voltus.co.
Media Contact:Mona KhaldiAssociate Director,
Marketingpress@voltus.co