Who is Evo power?

EVO Power is a leader in energy storage technology and innovation that enables the electrification of large commercial and small utility projects with fully integrated energy storage solutions. Our turnkey Battery Energy Storage System (BESS) and software solutions enable our clients to contribute to market trading and grid services.

Who owns the power plants in Venezuela?

EDC has 11% of Venezuelan capacity, and owns the majority of conventional thermal power plants. The rest of the power production is owned by private companies.

How does Evo power work?

EVO POWER SOFTWARE All EVO Power systems come with advanced software systems that can be remotely monitored and programmed. Many systems are also Virtual Power Plant (VPP) ready, this means that owners of systems may opt-in to sell or buy their stored energy to electricity retailers providing further financial benefits.

Does Venezuela need an energy transition?

It is unmistakable that Venezuela needs an energy transition to reach the goals of sustainability and poverty reduction. Based on the current national reality, the recommendations to improve the Venezuelan energy sector will be presented from two different perspectives.

What is the Venezuelan energy framework?

The Venezuelan energy framework Venezuela plays an important role in global energy markets. Along with the rest of Latin American countries, it has evidenced different stages on its energy evolution. The understanding of some relevant facts about this sector is needed to evaluate current conditions and challenges.

Is Venezuela a state-owned electricity company?

While in May 2020 a new president was appointed to the state-owned electricity company, CORPOELEC (the post was previously occupied by the minister of electrical energy) the direction of Venezuela’s sole electricity body is still not independent from the state.