Octopus Energy and Ohme are among companies to have been awarded a contract for a new virtual plant (VPP) set to largely utilise electric vehicles (EVs). These contracts – worth £30 million and lauded as the UK’s largest flexibility tender – have been handed to 17 innovators in the energy, tech and car sectors by UK Power Networks (UKPN), with electric vehicle (EV) batteries and demand side response to form this new VPP, which is intended to help manage increased demand for electricity at peak times at lower cost. Two thirds of this new capacity – 284MW – is to come from using EV batteries and smart charging when they are connected to the power networks, while 77% of the capacity is to come from low carbon sources. As such, 25,000 EV owners are now to be recruited by the flexibility providers who have won contracts.
Current 25th May 2021 read more »