Market research Future Virtual Power Plant Market 2018. | Page 2

Virtual Power Plant market Research Report- Forecast to 2023
1 Summary
A virtual power plant is a network of medium-scale, decentralized power generating units same as
Combined Heat and Power (CHP) units, solar plants and wind farms as well as flexible power consumers
and batteries. The unified units are dispatched through the principal control room of the virtual power plant
but stays self-governing in their process and possession. The prime objective of the virtual power plant is
to release the load on the grid by rapidly dispensing the power produced by the individual units during the
peak load. Additionally, the combined power generation and power consumption of the interacted units in
the virtual power plant is merchandised on the energy interchange platforms.
Key Players:
The key players of global Virtual Power Plant market are ABB Ltd. (Switzerland), Autogrid Systems, Inc.
(U.S.), Blue Pillar, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Comverge (U.S.), Cpower Energy Management
(U.S.), Enbala Power Networks, Inc. (Canada), Enernoc, Inc. (U.S.), Flexitricity Limited (U.K.), General
Electric Company (U.S.), Hitachi, Ltd. (Japan), International Business Machines Corporation (U.S.),
Robert Bosch GmbH (Germany), Schneider Electric SE (France), and Siemens AG (Germany).
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