The virtual power plant market is projected to grow from an estimated USD 193.4 Million in 2016 to USD 709.2 Million by 2021, growing at a CAGR of 29.68% from 2016 to 2021. The global market is witnessing significant growth, which is driven by increasing share of renewable energy in the power generation mix as well as shift from centralized to distributed generation and lowering costs for ... Read more

In majority of the areas around the world, the power transmission infrastructure has become dated. Developed countries are switching to renewable energy due to rising concerns about the environment as well as depleting fossil fuel reserves. Though the conventional power transmission infrastructure is capable of integrating the energy generated by renewable energy plants, virtual power plants perform this task more efficiently. Further, the emerging economies face the problem of extreme power ... Read more