StorEdge system owners with an approved battery are eligible to receive an annual credit of up to $280 on their electricity bill for allowing the virtual power plant to access their batteries in times of grid need.
Both the StorEdge inverter with backup power and the StorEdge solution using a single phase inverter with HD-Wave technology for increased self-consumption that are connected to an LG battery are eligible for program participation. The VPP program improves solar-plus-battery system payback, potentially resulting in a higher volume of PV and storage system installations.
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The network of connected StorEdge systems will be managed as a virtual power plant, based on SolarEdge’s grid services. These solar batteries provide an affordable and environmentally sustainable method to meet peaks in energy demand. Introducing new offerings in Queensland, Victoria, and New South Wales, this program builds on AGL’s experience with its virtual power plant in Adelaide that also leverages StorEdge systems and SolarEdge’s grid services.
“The Australian electricity market is leading the world in a strategic transition to a distributed, decarbonised, and digital energy network,” SolarEdge’s Lior Handelsman said.
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“Dedicated to improving the ways we produce and consume energy, SolarEdge is pleased to support AGL in this transition by providing innovative solar energy solutions at both the residential and grid level that can solve some of the most complex energy problems that we face today.”
AGL general manager of distributed energy Dominique van den Berg said AGL’s residential battery program unlocks new benefits for its customers and provides grid services that benefit all grid users. “We are excited to expand our cooperation with SolarEdge and leverage its StorEdge solutions and grid services in order to successfully launch this program,” she said.