Leap Grows Energy Storage Vertical with New and Expanded Partnerships
September 05 2024 - 2:29PM
Business Wire
Storage technology innovators launch and scale their virtual
power plant solutions with Leap
Leap, the leading virtual power plant (VPP) platform, today
announced significant growth in its energy storage vertical through
new partnerships with Channing St. Copper, Elexity and FranklinWH,
alongside expanded partnerships with sonnen and Energy Toolbase.
Leap unlocks new grid program revenue streams for energy storage
technology, system and service providers by aggregating and
deploying their customers' residential and commercial storage
assets to support the grid as VPPs.
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Storage technology innovators launch and
scale their virtual power plant solutions with Leap. (Photo:
Business Wire)
Battery storage is a critical technology for VPPs, offering high
dispatchability, precise control and flexibility that makes it
well-suited for a range of grid services applications. Through
Leap’s platform, battery technology providers can stack new grid
program revenue with other storage value streams, driving greater
bill savings for their customers without compromising core backup
power functionality.
New partners launching with the Leap platform include:
- Channing St. Copper: Manufacturer of the world's first energy
storage-equipped induction electric range, pioneering a new use
case for residential distributed storage in VPPs.
- Elexity: Innovative new Building Energy Management System
(BEMS) that includes predictive optimization of HVAC, battery, EVs
and solar assets to minimize energy costs and maximize revenue from
VPP participation.
- FranklinWH: Leading provider of whole-home energy management
systems integrating solar, battery, grid and generator power
sources.
Leap is also building on success with existing strategic
partners to expand their Leap-powered VPP programming:
- sonnen: Global leader in intelligent battery solutions and
proven virtual power plant technology, continues to expand its
sonnenConnect program in California and new markets with the Leap
platform.
- Energy Toolbase: Leading energy storage modeling and energy
management software platform, has introduced a feature that embeds
Leap’s grid services value into its value modeling platform in
multiple markets.
“There’s an increasingly diverse ecosystem of technology
companies orchestrating different parts of the battery storage
system value chain,” said Jason Michaels, Chief Revenue Officer.
“Through Leap’s partner-centric model, we’ve been able to tap into
that diverse ecosystem to integrate new VPP revenue into the value
chain for both residential and commercial battery companies.”
Maximizing the value of battery storage systems is becoming
increasingly important in markets like California due to changes in
the value of solar credits. Leap-powered VPP revenue streams can
help technology providers enhance the value proposition of their
solar+storage offerings.
“The partnership with Leap marks a pivotal step toward a more
resilient and independent energy future for California homeowners,”
said Vincent Ambrose, Chief Customer Officer at FranklinWH. “By
participating in VPPs, homeowners can boost their energy
independence, lower their energy costs and actively contribute to
the transition to clean energy. This creates a win-win scenario for
both individual households and the broader community.”
About Leap
Leap is the leading platform for generating new value from
distributed energy resources (DERs) through integration with energy
markets. Through its software-only solution, Leap facilitates fast,
easy and automated access to high-value grid services revenue
streams for the providers of batteries, electric vehicle charging,
smart thermostats, HVAC systems and other flexible assets. By
aggregating the DERs enrolled on its platform, Leap supplies
virtual power plants (VPPs) to balance the grid. Leap enables its
partners and their customers to unlock new value streams and help
create a more flexible, resilient grid powered by renewable
resources.
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Caroline Thompson Marketing Manager caroline@leap.energy