Xcel Energy is including the SolarEdge Home Battery in the new ‘Renewable Battery Connect” Virtual Power Plant (VPP) incentive program. Eligible SolarEdge Home Battery owners in Colorado can now sign up for the Renewable Battery Connect program and earn meaningful financial incentives in return for discharging their stored solar battery energy during times of peak demand, helping to stabilize the grid.
SolarEdge’s software automatically manages the battery charge and discharge during scheduled grid control events, simplifying the process for both the utility and program participants.
Peter Mathews, North America General Manager of SolarEdge, added: “We worked closely with Xcel Energy to design a program that meets Colorado’s specific energy requirements, while also providing an easier and more profitable way for homeowners to become part of the solution. The combination of our highly efficient DC-coupled technology and innovative software lays the groundwork for future VPP growth, as we continue to move towards a net-zero economy.”
The Renewable Battery Connect incentive program will be added to SolarEdge’s growing Grid Services portfolio, which saw a 70% growth in sites enrolled globally in the second quarter of In the U.S. 16% of the Company’s battery installations are now enrolled in grid services programs.
SolarEdge’s dc-coupled battery provides 9.7 kWh of backup power and can be connected in parallel with up to eight additional batteries for a total of nine, delivering up to 87 kWh of backup capacity, while offering future compatibility with third-party generators. SolarEdge Energy Bank battery comes in at 94.5 percent round-trip efficiency.
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