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BREAKING: Amazing new report by @TheBrattleGroup (backed by @Google). VPP's can provide resource adequacy that is ~50% of the cost of the alternative options; 60 GW of #VirtualPowerPlant deployment at $15–$35 billion less than the cost of the alternative
prnewswire.com/news-releases/…
prnewswire.com/news-releases/…
"Over the past decade, the U.S. added over 100 GW of new capacity intended largely to maintain resource adequacy. This amounted to over $120 billion of capital investment, primarily in gas fired generators and lithium ion batteries."
Once you account of additional societal benefits, a VPP is the only resource that could actual have a negative net cost. "60 GW of VPP could provide over $20B in additional societal benefits over a 10 year period." And the money for demand flexibility is paid to households!
