Virtual Power Plants. Get to know them.

Who: Swell Energy is an installer and manager of residential renewable energy, energy efficiency and storage technologies

How much funding is Swell raising for virtual power plants? $450 million to finance the construction of four virtual power plants

What is a virtual power plant? For Swell it is the pairing of 200 megawatt hours of distributed energy storage with 100 megawatts of solar photovoltaic capacity

How are utilities involved?

• Utilities in 3 states want to establish dispatchable energy storage capacity
• To get there, there will be construction and aggregation of approximately 14,000 solar energy generation and storage systems

What’s the goal for the grid that these 3 utilities look to meet? To make local grids more efficient.

Tech Crunch | Residential renewable energy developer Swell is raising $450 million for distributed power projects in three states