Is Taiwan building a 'virtual power plant'?

State-run Taiwan Power Co (Taipower, 台電) is building Asia’s first “virtual power plant,” which would be capable of producing 15 megawatts of electricity per second, the company said yesterday. The project is expected to come online partially as early as the end of this year, Taipower said in a statement.

What is a virtual power plant (VPP)?

The event proved that Virtual Power Plants (VPPs) are an essential tool to help avoid blackouts when the grid is under strain. What is a Virtual Power Plant? A VPP connects and aggregates flexible energy resources from within the community.

How would Taipower power a virtual power plant?

The contractors would combine the batteries with automatic frequency control equipment to create systems that would connect to Taipower’s electricity grid to create the virtual power plant, it said. Taipower historically held a monopoly on power production until 1994, when independent power producers were allowed to join the market.

Does Enel X have a VPP in Taiwan?

Enel X ’s VPP in the country was initially announced in 2020 as part of the company’s entrance into Taiwan’s demand response market. According to TPC, Enel X Taiwan has the largest VPP in Taiwan’s energy market today, managing the largest volume of distributed energy resources in TPC’s Energy Trading Platform.

What is Taiwan Power Corporation's future business opportunity?

Taiwan Power Corporation has forecast that the future business opportunity in the electricity-sharing economy in Taiwan is predicted to be tens of billions of New Taiwan Dollars 1. Enel X Taiwan has the largest VPP in Taiwan’s energy market today, managing the largest volume of distributed energy resources in TPC’s Energy Trading Platform 2. 1.

When will a virtual power plant come online?

The project is expected to come online partially as early as the end of this year, Taipower said in a statement. A virtual power plant is a network of decentralized units that can aggregate and distribute power as supply and demand fluctuate. Virtual power plants already operate in the US, Europe and Australia.