RACV is pleased to offer Virtual Power Plants (VPPs) as a new product for business customers following its successful installation of one of Australia's first VPPs of its kind at RACV's Torquay and Inverloch resorts.
This innovative energy solution captures, stores, and releases energy while contributing to grid reliability. RACV's own VPP is one of the first to participate in the very-fast Frequency Control Ancillary Services (FCAS) market managed by the energy market operator.
A VPP is a network of solar batteries connected through advanced software systems to operate as a unified energy source. This technology stores energy, making it available to the grid during times of peak demand.
RACV General Manager Energy Services Greg Edye said that following its own successful deployment of a VPP, RACV was pleased to offer its Virtual Power Plant product to help other businesses contribute to a cleaner energy future.
"By installing a Virtual Power Plant at our resorts, we have been able to realise a range of commercial benefits such as managing energy costs and generating revenue, at the same time as contributing to grid stability by feeding energy back into the grid during periods of high demand," Mr Edye said.
"We are pleased to now be offering our VPP product to our commercial and industrial customers."
The RACV Virtual Power Plant has been delivered in collaboration with PowerSync Technologies and aggregates over one megawatt of battery capacity from the Torquay and Inverloch resorts – the storage equivalent of approximately 20 average electric vehicle batteries.
