PUBLISHER: Inkwood Research | PRODUCT CODE: 1454777
PUBLISHER: Inkwood Research | PRODUCT CODE: 1454777
The United States virtual power plant market is set to record a CAGR of 23.60% during the forecast period, 2024-2032. Virtual Power Plants (VPPs) have emerged as a pivotal element in the United States' evolving energy infrastructure, offering innovative solutions to address the challenges of grid modernization, renewable energy integration, and portfolio diversification.
The United States stands at the forefront of technological innovation in the energy sector, with substantial investments and advancements in VPP technologies. The active participation of skilled professionals and a culture of innovation within the region drive the successful development and deployment of cutting-edge VPP solutions.
Similarly, utilities and IPPs are strategically investing in and integrating VPPs into their energy portfolios to capitalize on the benefits of decentralized energy resources, demand response capabilities, and real-time monitoring. This strategic adoption reflects a commitment to sustainable practices and a proactive approach to addressing the evolving energy landscape. The strategic integration of VPPs by utilities and IPPs underscores their commitment to meeting the demands of a dynamic and evolving energy landscape.
Some of the eminent players in the market include Sunverge Energy Inc, Energy Hub, AutoGrid Systems Inc, etc.