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3Q 2020

Market Data: Mixed-Asset Virtual Power Plant Models

Mixed-Asset Virtual Power Plant Capacity, Implementation Spending, and Revenue: Global Market Forecasts and Analysis

The primary goal of a virtual power plant (VPP) is to achieve the greatest possible profit for distributed energy resources (DER) asset owners while maintaining the proper balance of the electricity grid at the lowest possible economic and environmental cost. As more DER connect to the grid, utilities and grid operators can harness VPP platforms to ensure that interconnected devices remain assets to rather than burdens on grid reliability.

Guidehouse Insights splits VPPs into three models: demand response (DR)-VPPs, supply-side VPPs, and mixed-asset VPPs. As VPPs develop flexible capacity, aggregation is evolving from siloed aggregation of automated DR load and renewable generation resources toward broader ecosystem orchestration, thus favoring the mixed-asset VPP model. Mixed-asset VPP capacity makes up 51% of capacity market share in 2020 and is forecast to scale to 83% of VPP capacity share by 2029.

This Guidehouse Insights report analyzes the global market for mixed-asset VPPs across five major global regions from 2020-2029. Global forecasts cover capacity, implementation spending, and revenue and are broken out by customer segment. Included market snapshots illustrate the predominant technologies comprising mixed-asset VPPs n 2020. The study provides an analysis of the market issues, including drivers of and barriers to mixed-asset VPP market growth.

Pages 34
Tables | Charts | Figures 39
  • How are mixed-asset VPPs different from other flexible capacity aggregation models?
  • What policy and regulatory trends are driving the growth of mixed-asset VPPs?
  • Which countries have the greatest mixed-asset VPP market capacity, implementation spending, and size?
  • What customer segments most typically support mixed-asset VPPs?
  • What distributed energy resources (DER) assets can participate in mixed-asset VPPs?
  • VPP platform providers
  • Grid operators
  • Utilities
  • DER vendors 
  • DER systems integrators
  • Flexible capacity aggregators
  • Utility software vendors 
  • Regulators and policymakers
  • Demand side management associations 
  • Investor community

1. Executive Summary

1.1   Mixed-Asset Virtual Power Plants

1.2   Market Trends

1.3   Market Forecast

2. Market Issues

2.1   Mixed-Asset VPP Definition

2.2   Market Drivers

2.2.1   Growth of DER Penetration

2.2.2   Partnerships, Strategic Investments, and Acquisitions

2.2.3   Falling Storage Prices

2.2.4   Europe’s COVID-19 Stimulus Package and Green Deal

2.2.5   Federal Energy Regulatory Commission Order 841

2.3   Market Barriers

2.3.1   Solution Ambiguity and Overlap

2.3.2   DER Standards, Certifications, and Communications Protocols

2.3.3   System Costs

2.3.4   Utility Investment Cycles

3. Market Forecasts

3.1   Market Overview and Assumptions

3.2   Forecast Scope, Market Sizing, and Methodology

3.3   Mixed-Asset VPP Forecasts by Region

3.3.1   Cumulative Capacity

3.3.2   Implementation Spending

3.3.3   Revenue

3.4   Select Five Country Data

3.4.1   Capacity

3.4.2   Implementation Spending

3.4.3   Revenue

3.5   Mixed-Asset VPP Forecasts by Customer Segment

3.5.1   Implementation Spending

3.5.2   Capacity

3.5.3   Revenue

3.6   Mixed-Asset VPP Project Share

3.6.1   DER Technologies in Mixed-Asset VPPs

3.7   Conclusions and Recommendations

4. Acronym and Abbreviation List

5. Table of Contents

6. Table of Charts and Figures

7. Scope of Study, Sources and Methodology, Notes

  • Mixed-Asset VPP Capacity and Total Revenue by Region, World Markets: 2020-2029
  • Mixed-Asset VPP Capacity by Region, World Markets: 2020-2029
  • Mixed-Asset VPP Implementation Spending by Region, World Markets: 2020-2029
  • Mixed-Asset VPP Revenue by Region, World Markets: 2020-2029
  • Mixed-Asset VPP Capacity by Select Countries, World Markets: 2020-2029
  • Mixed-Asset VPP Capacity Share by Country, World Markets: 2020
  • Mixed-Asset VPP Capacity Share by Country, World Markets: 2029
  • Mixed-Asset VPP Implementation Spending by Select Countries, World Markets: 2020-2029
  • Mixed-Asset VPP Revenue by Select Countries, World Markets: 2020-2029
  • Mixed-Asset VPP Implementation Spending by Segment, World Markets: 2020-2029
  • Mixed-Asset VPP Capacity by Segment, World Markets: 2020-2029
  • Mixed-Asset VPP Revenue by Segment, World Markets: 2020-2029
  • Mixed-Asset VPP Project Share by Individual Technology, World Markets: 3Q 2020
  • Mixed-Asset VPP Project Share by Technology Combined with Energy Storage, World Markets: 3Q 2020
  • C&I Mixed-Asset VPP Capacity by Region, World Markets: 2020-2029
  • C&I Mixed-Asset VPP Implementation Spending by Region, World Markets: 2020-2029
  • C&I Mixed-Asset VPP Revenue by Region, World Markets: 2020-2029
  • Residential Mixed-Asset VPP Capacity by Region, World Markets: 2020-2029
  • Residential Mixed-Asset VPP Implementation Spending by Region, World Markets: 2020-2029
  • Residential Mixed-Asset VPP Revenue by Region, World Markets: 2020-2029
  • European Future Energy System
  • Convergence of DERMS and VPP into a Hybrid Model

 

  • Mixed-Asset VPP Capacity by Region, World Markets: 2020-2029
  • Mixed-Asset VPP Implementation Spending by Region, World Markets: 2020-2029
  • Mixed-Asset VPP Revenue by Region, World Markets: 2020-2029
  • Mixed-Asset VPP Capacity by Select Countries, World Markets: 2020-2029
  • Mixed-Asset VPP Implementation Spending by Select Countries, World Markets: 2020-2029
  • Mixed-Asset VPP Revenue by Select Countries, World Markets: 2020-2029
  • Mixed-Asset VPP Capacity Share by Country: 2020 and 2029
  • C&I Mixed-Asset VPP Capacity by Region, World Markets: 2020-2029
  • C&I Mixed-Asset VPP Implementation Spending by Region, World Markets: 2020-2029
  • C&I Mixed-Asset VPP Revenue by Region, World Markets: 2020-2029
  • Residential Mixed-Asset VPP Capacity by Region, World Markets: 2020-2029
  • Residential Mixed-Asset VPP Implementation Spending by Region, World Markets: 2020-2029
  • Residential Mixed-Asset VPP Revenue by Region, World Markets: 2020-2029
  • Mixed-Asset VPP Project Number Share by Country, World Markets: 2Q 2020
  • Mixed-Asset VPP Project Share by Individual Technology, World Markets: 3Q 2020
  • Mixed-Asset VPP Project Share by Technology Combined with Energy Storage, World Markets: 3Q 2020
  • Mixed-Asset VPP Forecast Assumptions
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