At the 2024 Shanghai International Carbon-Neutral Expo, the first national residential virtual power plant 2.0 platform debuted at the Huangpu District booth.

With the residential virtual power plant 2.0, residents can earn low-carbon credits through app check-ins, energy-saving electricity usage, and participation in demand response experiments, which can be accumulated and exchanged for dining coupons, smart devices, and other prizes through a mobile app.

On June 6th, the first precise response of a low-carbon virtual power plant in the country was successfully implemented in Shanghai Lingang New Area.

By dynamically monitoring changes in the carbon emission factors of electricity, users are guided to use low-carbon electricity during periods of low clean energy generation, and high-carbon electricity during periods of high clean energy generation, to promote regional green, low-carbon, and high-quality development.

This is the latest energy-saving and carbon-reduction plan presented by State Grid Shanghai Electric Power Company and other units.

New energy generation has the characteristics of intermittency, volatility, and randomness, which poses challenges to the safety and stability of the power grid.

With the large-scale connection of new energy sources, the problem of new energy power consumption cannot be avoided.

Virtual power plants have scale regulation capabilities and can respond to short-term power supply and demand shortages and new energy consumption difficulties. Compared with traditional thermal power, virtual power plants have obvious economic advantages through peak shaving and valley filling.

Guosen Securities issued a research report stating that virtual power plants can be profitable by providing peak shaving and valley filling, ancillary services, energy efficiency management, and deviation evaluation compensation, as well as participating in spot electricity markets, green electricity and certification of trading, CCER trading, and capacity markets.

Currently, China's virtual power plants are in the early stages of development, with the main source of profit from demand-side response subsidies. In the future, catalyzed by factors such as continuous reform of the power system, frequent extreme weather events, widening difference between peak and valley periods of net loads, an increase in user-side aggregatable resources, and changes in electricity prices, the market size of virtual power plants is expected to continue to expand.

CITIC Securities issued a research report stating that by 2025, the overall capacity space of virtual power plants is expected to reach 72.3 billion yuan, and by 2030, their market space could reach 196.1 billion yuan.

Related companies of virtual power plants:

TG Smart Energy (01083): The group cooperates with Tsinghua University to establish a zero-carbon intelligent park virtual power plant technology research center to promote the development and technological progress of the energy internet and new power systems. The group's goal is to build "zero-carbon intelligent parks" for 200 high-emission industrial parks by 2025 and provide comprehensive energy solutions.

Huadian Power (01071): As one of the leading companies in China's energy industry, Huadian Power also has high development potential in the virtual power plant field. At present, Huadian Power has established a complete virtual power plant operation and management system, which can effectively integrate and operate decentralized energy resources. With the continuous transformation and upgrading of China's energy industry, Huadian Power will surely usher in broader development space.

Datang International Power Generation (00991): As one of China's leading companies in the energy field, Datang International Power Generation is also constantly advancing the construction and development of virtual power plants. The company uses advanced energy management technology and intelligent systems to organically combine decentralized energy resources, achieve reasonable distribution and efficient use of energy. In the future, Datang International Power Generation will continue to make contributions to the development of sustainable energy through virtual power plants.