(New York) February 1, 2024 – EnergyHub, a leading grid-edge flexibility provider, in partnership with Ontario’s Independent Electricity System Operator (IESO), has enrolled more than 100,000 homes in the Save on Energy Peak Perks™ program in just six months to create the largest residential virtual power plant (VPP) in Canada. It’s the fastest growing flexibility program in EnergyHub’s decade-plus working with over 60 utility clients on Bring Your Own Thermostat™ programs.
With 100,000 homes enrolled, the VPP is capable of delivering peak demand reduction of up to 90 MW, the equivalent of taking a city the size of Kingston, ON off the grid during peak times. Flexible capacity is expected to climb as enrollment continues.
According to a recent report by the Rocky Mountain Institute, virtual power plants – groups of internet-connected devices like batteries, electric vehicles, and smart thermostats that can be actively controlled – are a valuable and largely overlooked resource for advancing key grid objectives. By 2030, VPPs could reduce peak demand in the United States by 60 gigawatts (GW) and could grow to more than 200 GW by 2050. In addition, VPPs could help reduce annual power sector expenditures by $35 billion in 2030.
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