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Sunnova Unveils "Adaptive" Retail Energy Plan In Texas
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Sunnova Energy International Inc. said that it has teamed up with retail electric provider David Energy to bring Sunnova's "Adaptive Retail energy plan" to the Texas marketplace.
"The Adaptive Retail energy plan leverages Sunnova SunSafe solar and battery storage systems to create a virtual power plant (VPP) that optimizes the interactions of the fleet with the electric grid.
By aggregating the battery storage and generation capacity of its customers, Sunnova can provide a more reliable and flexible source of energy that can respond to changes in demand and market conditions," Sunnova said
"Together, Sunnova and David Energy will leverage their distributed energy resource management software to optimize their customers' distributed energy resources (DERs) and create a VPP in Texas," Sunnova said
"Sunnova’s fleet of batteries will react in real time to David Energy’s platform, which dispatches the fleet based on the price of energy in the wholesale market. In addition, David Energy’s platform will allow these DERs to integrate the value of demand response and bid their capacity into Electric Reliability Council of Texas’s (ERCOT) ancillary markets for the creation of the lowest energy rates for Sunnova’s customers," Sunnova said
"By combining a retail energy plan with software that connects to a broad range of devices many customers already have, David Energy’s platform can turn Texans’ homes into power plants. The potential to bring hundreds of megawatts of much needed flexible capacity to ERCOT via these VPPs in the near future is very real," said James McGinniss, CEO and founder of David Energy.
"The introduction of our Adaptive Retail rate in Texas marks a major milestone in Sunnova’s efforts to integrate the Sunnova Adaptive Home into broader power markets," said Michael Grasso, EVP, Chief Revenue Officer at Sunnova. "The technology embedded into each Sunnova system allows our Texas customers to access the lowest retail rates, earn
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March 8, 2023
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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