Sunverge energy storage project to be first participant in PJM’s residential VPP market
Sunverge, the provider of a distributed energy source (DER) control, orchestration and aggregation platform, and Delmarva Power, an Exelon company serving customers in Delaware and Maryland, announced that it has entered into an agreement with PJM Interconnection to explore how The Elk Neck Battery The Storage Pilot Program will participate in the wholesale support services market in the region.
The project, a virtual power plant (VPP) with a planned capacity of 550 kW/2.2 MWh, is expected to be fully operational in the first quarter of 2022 and has received regulatory approvals from the Maryland Public Service Commission. The project will be the first residential VPP for battery energy storage to participate in PJM’s wholesale market, bringing benefits to both consumers and the network.
“The Local Energy Grid is an incredibly interactive platform that connects our customers and communities to the energy services and clean energy choices they want,” said Doug Mokoid, Regional President Delmarva Power. “This agreement with PJM and Sunverge is a critical step in demonstrating how dynamic the grid has become and our evolving role as a local energy company in integrating new technologies that directly benefit our customers and the wider regional energy system.”
The Elk Neck pilot project will be one of the first energy projects to demonstrate the grid of the future, including distributed energy resources that operate and compete within federally regulated organized markets, providing an invaluable foundation for the market participation of distributed energy resources in the future.
“The Elk Neck VPP project partnership between Sunverge, Delmarva Power and PJM is an innovative approach that will demonstrate the value of Multi-service VPPs not only for consumers and utilities, but also for the energy market at large,” said Martin Milani, CEO of Sunverge. “The unique ability of the Sunverge platform to run multiple services with different priorities at the same time enables optimization for different services dynamically, under different network and market conditions.”
News from Sunverge