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DUBLIN–(BUSINESS WIRE)–Mar 12, 2020–

The“European Virtual Power Plant (VPP) Market, Forecast to 2030”report has been added to ResearchAndMarkets.com’s offering.

The global energy market is currently undergoing a massive shift with decarbonization, decentralization and new technologies being the key driving factors. Utilities, independent power producers (IPPs) and other energy companies are exploring effective ways to manage the imbalance created in demand and supply due to the intermittent nature of the growing renewable energy sources (RES) in power generation.

This study includes the following:

  • Detailed introduction of VPP and its key components
  • Key market drivers and restraints influencing the European VPP market
  • Analysis of different business models (supply-side, demand-side, and mixed-asset models) for VPP across Europe
  • Discussion on key players in the European VPP market such as Next Kraftwerke, Siemens, ABB, REStore and EDF
  • Growth opportunities for companies, along with strategic imperatives for success and growth

The study period is from 2019 to 2030, with 2019 as the base year. The forecast period is from 2020 to 2030. Revenue estimates represent only the revenue generated by selling hardware and software components of VPP solutions provided by both aggregators and independent solution providers, or third-party vendors through partnerships with utilities, and do not include revenue generated through additional services like energy trading.

Market information for the base year has been obtained from both primary and secondary research data and analyses. Key trends and information on market size, tiers of competition, and other variables are based on discussions with key industry stakeholders in the value chain.

Virtual power plants (VPP) are an aggregation of decentralized distributed energy resources (DERs), energy storage systems (ESS) and controllable loads, all of which are connected and controlled via a central system (VPP software). The aggregated assets form a single imaginary power plant that can be dispatched during times of peak demand eliminating the need for investment into ancillary power generation plants for peak load management.

VPP promises significant improvements in grid reliability and resilience and aids in the integration of RES into the grid. In combination with other technologies like Big Data, Internet of Things (IoT) and artificial intelligence (AI), VPP has the potential to deliver the active management of electricity grids through balancing the demand and supply in the energy market.

The European VPP market is still at its early stages and is seen as a solution to solve issues like transmission congestion, peak demand, and peak-hour energy prices. In recent years, VPPs are increasingly being adopted by utilities, VPP aggregators, and ICT companies because of the promise of significant improvements in grid reliability and resiliency, particularly in limiting the need for new peak-period generating capacity.

The analyst expects investments in VPP solutions to increase in line with the expansion of DERs in developed economies. Companies must respond with innovative and feasible VPP solutions to address these new energy challenges.

Companies Mentioned

  • ABB
  • EDF
  • Energy 2 Market (e2m)
  • Next Kraftwerke
  • REStore
  • Siemens

Key Topics Covered

1. Executive Summary

  • Key Findings
  • Executive Summary

2. Research Scope, Objectives and Methodology

  • Research Aim
  • Market Overview – Specific Exclusions
  • Research Methodology
  • Key Questions This Study Will Answer

3. Virtual Power Plants

  • Energy Scenario – Europe
  • Key Megatrends Driving European Energy Transformation
  • What is VPP?
  • VPP Architecture
  • Components of a VPP System
  • VPP Communication Protocols
  • Types of VPP Services
  • How Big Can a VPP be?
  • Principle of Operation of a VPP
  • VPP Stakeholders and Interactions
  • Benefits of VPPs for Stakeholders
  • VPP Aggregators
  • VPP Business Models
  • VPP Business Models – Supply-Side VPP
  • VPP Business Models – Demand-Side VPP
  • VPP Business Models – Mixed Asset VPP
  • European VPP Market
  • Key Enablers For VPP
  • Key Barriers for VPP

4. Forecasts and Trends – European VPP Market

  • Revenue Forecast
  • Revenue Forecast Discussion
  • Revenue Forecast Discussion by Country

5. Key Market Participants

  • VPP Service Providers in Europe
  • Next Kraftwerke
  • Siemens
  • Energy 2 Market (e2m)
  • ABB
  • Other Aggregators

6. Legislative and Energy Trading Environment

  • European Legislation for VPP
  • Energy Trading Markets
  • Energy Trading Markets for VPP
  • VPP with DR Programs
  • Environmental Conditions
  • Environmental Conditions (continued)
  • Technology Trend for the Future
  • Future of VPP

7. Growth Opportunities and Companies to Action

  • Growth Opportunity 1 – AI and IoT
  • Growth Opportunity 2 – Business Models
  • Growth Opportunity 3 – Creation of Supporting Regulatory Frameworks for Prosumers
  • Growth Opportunity 4 – EV Charging
  • Growth Opportunity 5 – Cyber Security
  • Strategic Imperatives for Success and Growth

8. The Last Word

  • 3 Big Predictions

For more information about this report visithttps://www.researchandmarkets.com/r/jh5f3b

View source version on businesswire.com:https://www.businesswire.com/news/home/20200312005324/en/

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KEYWORD: EUROPE

INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY DATA MANAGEMENT TECHNOLOGY SOFTWARE

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 03/12/2020 06:45 AM/DISC: 03/12/2020 06:45 AM

http://www.businesswire.com/news/home/20200312005324/en

Original Source

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