Virtual Power Plant Market Analysis 2023
Global Virtual Power Plant Market was valued at $762 million in 2016, and is expected to reach at $4,587 million by 2023, registering a CAGR of 25.9% from 2017 to 2023. Virtual power plants (VPP) are clusters of distributed generator units, manageable loads, and energy storages systems, grouped to operate as an integrated power plant. The distributed nature of the energy resources results in lower capital cost, thus less financial and political risk.
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