Have you heard of a Virtual Power Plant (VPP)?
Kyocera's advanced energy management solutions explained! Kyocera and New York-based startup LO3 Energy will begin a joint project to test the feasibility of a blockchain-managed Virtual Power Plant, or VPP for short. By aggregating Distributed Energy Resources (DERs) into a single network, the VPP supports efficient control of energy usage in its network by sharing energy among DERs and balancing demand across the network. In turn each DER becomes a "virtual" power plant which can distribute energy to others on the network.
This latest test combines LO3's blockchain technology and Kyocera's solar power generating systems. At Kyocera's Yokohama Nakayama Office, a small VPP is installed using Kyocera's PV modules and batteries.
Through this collaboration, the companies will develop new ways to expand the efficiency of existing energy transmission and distribution networks in Japan and worldwide.
For more information about the project, please see: