Keynote: Commercial Liftoff for Virtual Power Plants
Date & Time
Thursday, June 6, 2024, 9:10 AM - 9:30 AM
Jen Downing Suresh Vasan

By 2030, the US grid will need to add new resources to the grid to serve roughly 200 GW of demand during peak hours. By tripling the current capacity of VPPs, the US can address 10-20% of peak demand at a lower cost than with traditional bulk resources alone. Jen Downing, lead author of the DOE’s Pathways to Commercial Liftoff for VPPs report, will summarize what it will take and how momentum is building across the market. LPO Senior Investment Advisor Suresh Vasan will provide additional detail on how DOE’s Loan Programs Office can support VPP projects with low-cost financing.