The End of the Centralized Utility Model?
How VPPs (Virtual Power Plants) and distributed storage are reshaping the utility business model.
The End of the Centralized Utility Model?
Oct 15, 2024
Executive summary
Virtual Power Plants are now competing directly with peaker plants in major markets. The grid is becoming a two-way street.
VPP capacity to triple by 2027.
Residential storage attach rates hitting 40% in key markets.
Utilities shifting to 'Platform' business models.
Cybersecurity risks rising with connectivity.
Market modeling and regulatory analysis of US and EU power markets.
Data sources
FERC, ENTSO-E, Utility Filings
Wei Chen
Energy Storage Director
Expert in clean energy markets with 10+ years of institutional research leadership.
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