LPO Announces MOU with EPRI to Support Deployment of Reliable, Affordable, and Equitable Virtual Power Plants | Department of Energy

The U.S. Department of Energy (DOE) Loan Programs Office (LPO) today announced a memorandum of understanding (MOU) with EPRI, an independent energy research and development non-profit, to improve understanding and integration of virtual power plants (VPPs) in the nation’s electric grid. The collaboration will seek to identify solutions in key areas such as systemwide planning, integrated system operations, and the broader adoption of distributed energy resources. With progress across these areas, VPPs can increase reliability, resilience, and cost-savings for energy customers of all income levels. “With fossil fuel power plants retiring at the same time as electricity demand is growing for the first time in a decade, deploying 80-160 GW of VPPs by 2030—tripling the current scale—is the fastest and most cost-effective way to support electrification,” said LPO Director Jigar Shah. “VPPs can redirect spending from peaker plants to participants from all walks of life while delivering a sma

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• Camille Minns