Our long-term vision at VCharge is to prepare the grid for a new era of distributed, renewable energy. The challenge is to develop cost-effective energy storage to create flexibility. We accomplish this by harnessing existing loads with storage—thermal, mechanical, electrochemical—and put them to work to provide buffer, while improving the asset’s overall performance.
Only ~45 percent of the US ancillary services market is open to non-generation today.
It’s expected that FERC will force the other 55% over the next few years.
At the end of 2011, even after reforms by a number of ISOs, RTOs, and utilities to reduce the number of projects in their queues, there was 219 GW of wind power capacity within the US interconnection queues – almost five times the installed wind power capacity in the United States. This 219 GW represented 45% of all generating capacity within these selected queues at that time, and was 1.5 times as much capacity as the next-largest resource, natural gas. In 2011, 40 GW of gross wind power capacity entered the interconnection queues, compared to 54 GW of natural gas and 25 GW of solar; relatively little nuclear and coal capacity entered these queues in 2011.
We’re preparing for a future where renewables and distributed generation are the norm. And we’re taking practical, concrete steps today to ensure that nothing sacrifies the grid reliability that we need and have come to expect.