Cities Could Create Massive Virtual Power Plants With Distributed Solar

It will function much like Tesla’s giant Powerpack system, which charges when demand and electricity rates are low and discharges when demand and prices are high. We reported last month the single battery system managed to make around $1 million in just a few days. The new project is going to be financed through power sales and it is being assisted by the government with a $2 million grant and $30 million loan from the Renewable Technology Fund. The government says that they already started installations for a trial in 1,100 Housing Trust properties, which is for lower-income households. Tesla plans to ramp up its deployment in the next few years and have all 50,000 systems installed by 2022.
Share This