"With electricity demand growing for the first time in a decade and fossil assets retiring, deploying 80-160 GW of virtual power plants (VPPs)—tripling current scale—by 2030 could support rapid electrification while redirecting grid spending from peaker plants to participants and reducing overall grid costs.“

Jen Downing from the Department of Energy’s Loan Programs Office will present key insights from the recently published VPP Liftoff Report. This will include the current state of VPPs in the U.S., the role VPPs can play in a modernizing grid, and priority solutions to accelerate growth. The session will also cover DOE programs that can support VPP projects, with a deep-dive on the >$300 billion in financing authorities of the Loan Programs Office.