SolarZero launches 'world first' trading of virtual power plant electricity

SolarZero's household customers will play a direct role in New Zealand's electricity reserve market. (Image: Supplied)

Fri, 04 Nov 2022

SolarZero has plugged its 40 megawatts (MW) domestic battery and solar network into the reserve electricity market, an innovation it said could eventually save billions in infrastructure costs.The solar and battery energy company said it is the world’s first virtual power plant (VPP) to trade on a reserves market.The trading scheme was due to be launched at 1pm today, with the ringing of the bell at the New Zealand stock exchange's (NZX) Auckland office.SolarZero chief executive Andrew Booth said NZ would be a test market the rest of...

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