Voltus, Inc. (“Voltus”), the leading DER software platform, announced that its nearly 2,600 MW portfolio is prepared to help meet anticipated supply shortages this summer across the U.S. and Canada. In a recently published report, the North American Electric Reliability Corp. (NERC) warned that Texas, New England, the Midcontinent Independent System Operator (MISO), and parts of the West are at higher risk of energy shortfalls.
“Unfortunately, consumers should expect their energy costs to increase substantially and remain at higher levels for the foreseeable future,” said Gregg Dixon, CEO of Voltus. “Consumers are now paying the price for a lack of long-term investment in electricity infrastructure that can no longer be put off. As a result, there is also a greater risk of power outages from a lack of sufficient supply and reliable resources.”
Dixon explains that utilizing distributed energy resources and paying energy consumers to be part of the solution is key to preserving the integrity and reliability of the electric grid. “With the summer months upon us, you can’t build traditional power plants that take years to develop, to fill the gap. The good news is that regulators and grid operators can unleash the power of distributed energy resources at tremendous scale and speed to address impending power outages. Voltus stands ready to help in every region with our virtual power plants.”
Voltus’s DER portfolio has grown to approximately 2,600 MW in 2022, which includes approximately 500 MW that was announced to support MISO after it released the results of its 2022-2023 annual Planning Resource Auction (PRA), which indicated capacity shortfalls. Voltus’s portfolio includes every DER type, including energy storage, distributed generation, demand response, and energy efficiency and is delivered through every customer class, including commercial, industrial, and residential customers.
Voltus has expanded its available programs to customers, growing to nearly sixty programs in 2022, including quick-response programs activated across seven power markets. “Quick-response programs, or Operating Reserves, provide grid support during contingency events and are part of routine grid balancing, often to balance the intermittency of a growing renewables fleet in North America,” said Dana Guernsey, Chief Product Officer at Voltus. “By offering Operating Reserves, Voltus delivers the same full-stack grid services provided by a traditional central power station.”