SolarEdge participating in AGL’s virtual power plant
SolarEdge Technologies announced today that its StorEdge systems have been selected to participate in AGL’s new residential battery program as part of its virtual power plant (VPP).
StorEdge system owners with an approved battery are eligible to receive an annual credit of up to $280 on their electricity bill for allowing the virtual power plant to access their batteries in times of grid need.
Both the StorEdge inverter and solution use a single-phase inverter with HD-Wave technology for increased self-consumption. The system will run on a solar-plus-battery payback which can potentially result in a higher volume of PV.
“The Australian electricity market is leading the world in a strategic transition to a distributed, decarbonised, and digital energy network,” SolarEdge vice-president of marketing and product strategy and founder Lior Handelsman says.
“Dedicated to improving the ways we produce and consume energy, SolarEdge is pleased to support AGL in this transition by providing innovative solar energy solutions at both the residential and grid level that can solve some of the most complex energy problems that we face today.”
The network of StorEdge systems will be managed as a virtual power plant and will provide solar energy and a sustainable method to meet peaks in Queensland, Victoria and New South Wales. It builds on AGL’s experience running a virtual power plant with StorEdge systems and SolarEdge’s grid in South Australia.
“AGL’s residential battery program unlocks new benefits for our customers and provides grid services that benefit all grid users,” AGL general manager of distributed energy Dominique van den Berg says.
“We are excited to expand our cooperation with SolarEdge and leverage its StorEdge solutions and grid services in order to successfully launch this program.”