North America virtual power plant (VPP) market: H1 2023 Report

Market Report 23 February 2023

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Report summary

Virtual power plants (VPPs) are a recent market construct for which there is much discussion but little data. This report analyzes the state of the VPP market today in the US and Canada, based on a database of over 500 VPP projects. Topics covered include project geographic, technological, and customer trends; drivers; monetization pathways and the commercial landscape of providers. Data presented includes VPP project counts by state, company, technology and other attributes; MW of capacity under management; number of integrations between VPP operators and DER platforms; and key utility DR programs and state incentive programs for DERs.

Introductions and key findings
Customer segments
Markets
Technology
Competitive landscape
Appendix

Tables and charts

Table of VPP Operators, DER Platforms, and Market Interfaces
Utility-procured VPPs by state and utility type
Number of VPPs by project driver and services provided
Number of CCA deployments by company
Market share of VPPs that service retail electricity providers
Megawatts of VPPs in California by offtaker type
Number of VPPs in California by VPP Operator
Number of VPPs bidding directly into Tier 2 RTO/ISO markets
Gigawatts of flexible capacity under management by company
Number of VPPs utilizing each major DER technology type
Number of VPPs utilizing stationary batteries by VPP Operator
Table of state battery storage incentives and program statuses
Number of VPPs incorporating battery storage by state
Number of VPPs that include residential customers by VPP Operator and offtaker type
Number of VPPs that include C&I customers by VPP Operator and offtaker type
Number of VPPs by Market Interface provider
Number of VPPs by DER Platform
Integrations with VPP Operators by DER Platform
Integrations with DER Platforms by VPP Operator
US cumulative grid-scale storage capacity vs RTO operating reserve requirements