Ofgem Funds £150,000 for Social Virtual Power Plant Project to Provide Free Home Batteries
Ofgem has approved £150,000 funding from the Strategic Innovation Fund for the Social Virtual Power Plant (Social VPP) project. Led by LCP Delta and the Centre for Energy Equality, the initiative aims to provide free or low-cost home batteries to households and small businesses to reduce energy bills and alleviate pressure on the energy grid. The project will assess the feasibility of installing home batteries and utilizing smart software to optimize energy use, ultimately enhancing local energy resilience and ensuring equitable access to energy benefits in the northeast region.
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Ofgem has approved £150,000 funding for the Social Virtual Power Plant (Social VPP) project, led by LCP Delta and the Centre for Energy Equality. The project aims to provide free or low-cost home batteries to households and small businesses, facilitating energy storage during low-cost periods and reducing grid reliance during peak times.
It intends to enhance local energy resilience, decrease outages, and avoid costly infrastructure upgrades. The project will also evaluate the technical, social, and financial feasibility of the proposed approach, emphasizing community needs and smart energy management to optimize grid efficiency. It aligns with government initiatives promoting smart energy technology adoption.
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