Virtual power plants

https://www.reuters.com/business/sustainable-business/what-is-virtual-power-plant-2023-01-31/

The article discusses the concept of virtual power plants (VPPs), which are networks of small energy-producing or storing devices like solar panels and batteries that collectively support the electricity grid. These VPPs allow consumers to generate and store their own clean energy while contributing surplus power to the grid when needed or storing it for later use. They're seen as vital in reducing reliance on fossil fuels, especially with the push towards electrifying various sectors. With the U.S. prioritizing climate change initiatives and incentivizing electric cars, solar panels, and home batteries, the growth of VPPs is anticipated, with investments forecasted to surpass $110 billion by 2025. Companies like Tesla have already ventured into creating VPPs, showcasing their potential in curbing peak demand and supporting the grid during high-stress periods.