In a move that advances the capabilities and value proposition across the Virtual Power Plant (VPP) landscape, leading grid solutions providers Swell Energy and Shifted Energy have entered a strategic alliance and digital partnership designed to deliver greater value to the expanding base of energy consumers and utilities they serve.
Across key energy markets, VPPs are rapidly becoming the most efficient solution to maintaining a cost-effective power supply in the face of a changing energy landscape.
As VPPs become a mainstay of the grid, continuing to augment VPP capabilities has become a critical mandate for the sector.
By harnessing the combined capabilities and market approaches of Swell and Shifted, the partnership amplifies the scope and value of their existing and future VPP projects by vastly broadening the types of distributed energy resources (DERs) and devices that can be synchronized and aggregated into their VPPs.
“In addition to combining technological capabilities, our alliance with Swell will unite our complementary approaches to market entry and expansion, increasing the distribution of a range of energy solutions,” said Forest Frizzell, co-founder and CEO, Shifted Energy.
The alliance, with VPP contracts across some of the most progressive utilities in the US and Canada, allows the companies to broaden their offerings and enhance their market presence.
Swell’s robust installation network brings new pathways to high-speed adoption and opportunities to expand and deploy additional DER products and services into the marketplace with greater efficiency.
The companies have also combined efforts to pursue future utility engagements together, submitting fully integrated capabilities to utilities interested in harnessing customer-sited energy generation, storage and household loads in a fungible and standardized manner across thousands of homes.
As a result, the partnership enables utilities to build large DER aggregations, gain greater DER visibility, deliver enhanced load flexibility and provide other grid services.
“As households increasingly electrify and adopt devices requiring energy orchestration, the software required to co-optimize the operations of solar panels, home batteries, EV chargers and smart appliances has to converge,” said Suleman Khan, CEO, Swell Energy.
“Through this partnership, Shifted and Swell are facilitating data-driven operations across the electrified home to enhance customer economics while benefiting grid operations for utilities.”
Both Swell and Shifted are also committed to broadening access to energy solutions in an equitable manner.
Shifted has effectively developed scalable energy solutions for low to moderate income groups, amplifying the advantages of these systems in Hawaii.
Similarly, Swell has effectively accelerated the adoption of solar and battery storage within energy-vulnerable communities in California.
Collectively, the companies prioritize unlocking financial resources and propelling the industry forward in ensuring universal access and benefits to all from the clean energy transition.
Both companies see VPP participation payments and rewards as important to furthering DER affordability and adoption.
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