In the energy scene the concept of Virtual Power Plants (or VPPs) has gained significant attention since the accelerated rise of renewables, electric vehicles, and heat pumps.
A Virtual Power Plant is a technology and software-driven approach to energy generation, distribution, and management. It optimizes the use of smaller, decentral energy resources considering the (real-time) overall situation of the electrical energy system (considering energy prices/costs, demand, supply, grid utilization, weather, and more) - of a region or country - at any given point in time. A VPP allows decentral energy asset owners to create additional income opportunities or avoid energy procurement costs versus the ‘do nothing’ alternative.
There are also significant challenges for Virtual Power Plants: given the extensive use of operational technologies as well as public and semi-public communication and data infrastructures, Virtual Power Plants are highly exposed to cyber & data security risks. They therefore increase the threat surface for the energy industry exponentially (e.g. denial-of-service attacks, false data injection, tampering, and more). Therefore, effective cyber and data security strategies are required and countermeasures must be implemented.
#energytechpodcast #energy #digitaltransformation #decarbonize #data #ai #podcast #utilities #innovation #siliconvalley #technology #grids #renewableenergy #vpp #futureofenergy #EnergyInnovation #CleanTech#SustainableTech #GreenInnovation #SmartGrid #climatetech #InnovationPodcast #techforgood #EnergyTransition #EcoInnovation #GreenTech #CleanEnergy #EnergyEfficiency #SmartCities #CarbonNeutral #ClimateInnovation