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Breakthrough Innovations in Microgrids and Virtual Power Plants

  • ID: 4847376
  • Report
  • 57 Pages
  • Frost & Sullivan
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Technologies and Innovations with the Potential to Disrupt the Landscape of Microgrids and VPPs

The world is undergoing a transition in the energy industry from the traditional fossil-fuel-based baseload power generation to a decentralized, distributed, and cleaner format due to approaching or already established grid parity of many technologies, such as solar power, offshore wind power, electric vehicles and the like. However, conventional utilities are accustomed to centralized control of its energy assets. With solar rooftops cropping up at homes and EV charging points being installed at various points, the grid becomes vulnerable to voltage fluctuations and grid outages. Utilities and grid operators are faced with the challenge of controlling this increasing number of distributed energy resources (DERs).

Here, the two concepts discussed help in making the grid resilient to an inevitable renewable energy future and at the same time ensure that customers get reliable, cheap, and clean energy. The two concepts being covered in this report are Microgrids and Virtual Power Plants (VPPs). As microgrids have become a commercially feasible solution, VPP is still in the demonstration stages largely. Nevertheless, it is important to discuss the key innovations in these areas and that is the focus of this report.

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1.0 Executive Summary
1.1 Research Scope
1.2 Research Methodology
1.3 Research Methodology Explained
1.4 Key Findings - Microgrids
1.5 Key Findings - VPPs

2.0 Introduction to Microgrids
2.1 Need for Simplifying Implementation, Improving Control, and Reducing Installation Costs Drives Innovations in Microgrids

3.0 Technology Innovations in Microgrids
3.1 Line Sensors for Grid Monitoring
3.2 Energy Blockchain for Transparent Energy Transactions
3.3 Modular Energy Storage Solutions for Microgrids
3.4 Containerized Sodium Sulfur Batteries for Prolonged Energy Storage
3.5 Energy Saving GaN Power Semiconductor Devices
3.6 Variable Speed Generators for Reducing Fuel Requirements through Proprietary Converter Circuits
3.7 Hybrid Diesel Generator - A Renewable Source System for Microgrids

4.0 Patent Scenario and Funding Activities
4.1 China Leads Patent Filing Activity in Microgrids
4.2 Government Initiatives Catalyze Deployment of Microgrids

5.0 Insights and Recommendations
5.1 Strategic Outlook
5.2 Strategic Outlook for the Future

6.0 Introduction to VPPs
6.1 Increasing Decentralization Capable of Addressing Grid Stability Challenges for Future Grids
6.2 Stakeholders in the VPP Ecosystem

7.0 Factors Driving Innovations in Virtual Power Plants (VPPs)
7.1 Opportunity to Manage Grid Congestion and Reduce Peak Electricity Prices Drive Adoption of VPPs

8.0 Market Trends Impacting the VPP Market
8.1 Large Energy Companies Acquire VPP Providers to Leverage their Huge Future Potential and Help Scale the Technology
8.2 Strategic Partnerships Help VPP Operators Accelerate Market Adoption
8.3 Different Partnerships Facilitate Testing of VPPs

9.0 Innovative Technologies and Business Models in VPPs
9.1 Better Management of DERs to Protect Against Pricing Fluctuations
9.2 Application of Blockchain for Managing VPPs and Facilitating Energy Trading
9.3 Energy Utilities and Solar Companies Collaborate to Adopt VPPs Based on Solar-Plus-Storage Systems
9.4 VPPs Enable Frequency Response for Waste Management Facilities in the UK
9.5 Residential Battery Programs Help Expand VPP Portfolio in Australia
9.6 VPP Software Manages and Monitors Decentralized Plants and Distributed Loads in UK
9.7 Unique Business Model that Combines Battery Network with Grid Services Contract

10.0 Patents and Funding – VPPs
10.1 China Organizations Lead in Global Patent Activity
10.2 Funding Activities Concentrated in the Australian Continent due to Increasing Penetration of DERs

11.0 Insights and Recommendations – VPPs
11.1 Strategic Outlook for Future VPPs

12.0 Key Contacts
12.1 Key Industry Influencers

13.0 Key Patents
13.1 Key Patents - Microgrids  
13.2 Key Patents - VPPs
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