Grid Management 2.0 - Virtual Grids
The name Asoba DeFi refers to our decentralized finance approach to raising capital. Decentralization is also the key to improved grid management with respect to availability. Networks of distributed energy resources (DERs), particularly solar plants with battery storage, can be leveraged to dispatch power within a system based on immediate demand in conjunction with demand response programs.
Virtual power plants (VPP) manage these networks of DERs and battery storage systems. VPPs are software solutions that can perform detailed and automated load management, matching grid inputs with demand in real-time. This ensures that even when total demand exceeds local capacity, power needs of users can be met fully without the need for load shedding or blackouts.
Several cities across the world have begun implementation of virtual grids. In 2019, Sembcorp announced the development of a VPP in Singapore. While in Europe, companies like Norway's Statkraft are running several GW capacity networks. The industry as a whole is seeing surging growth, with over 30% CAGR forecast through 2025
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