Global energy technology company Kiwi Power has launched its distributed energy resource (DER) optimisation technology in North America offering advanced virtual power plant (VPP) software combined with expertise serving energy flexibility into markets for more than ten years and across ten countries.
The company was named a a world leader in virtual power plant (VPP) technology and energy market optimisation in Q1 2020 by Guidehouse Insights, formerly Navigant, and No. 1 for execution. The company offers a simple, yet powerful solution that enables electricity suppliers, energy storage and renewables asset owners, distribution grid operators and independent aggregators to maximise the value of energy assets, secure new revenue streams, and supply cleaner and more affordable power.
Kiwi Power’s project, with Engie North America, is now operational in Texas delivering price-based trading and demand response activities in the Electric Reliability Council of Texas (ERCOT) market. The project simply and powerfully integrates market signals and analytics to enable DERs and energy demand that follows changes in real-time electricity prices. Kiwi Power and Engie also enable DERs to bid into the Texas (ERCOT) ancillary markets with plans to expand into the PJM market.
“As renewable generation, energy storage and distributed energy resources continue to penetrate global electric grids, value is migrating away from the supply of power and toward the supply of flexibility” said Jay Zoellner, CEO of Kiwi Power.
Vikram Kulkarni, Vice President of Sustainability Solutions at Engie North America, added that as an independent power producer, the work Engie is now doing with Kiwi Power bolsters the company’s existing objectives.
In Ontario, Canada, Kiwi Power is working with public utility Lakeland Power and other affiliates of Lakeland Holding Ltd., which forms the foundation for a strategic relationship in Ontario.