San Antonio, TX - August 2024 - Atma Energy has reached a significant milestone. Its patented Virtual Power Plant (VPP) technology, implemented in December 2023 for Bandera Electric Cooperative’s (BEC) VPP program, now meets the requirements to be part of the Electric Reliability Council of Texas (ERCOT) wholesale power market, marking a new chapter in Texas’ push for grid reliability and renewable energy solutions.
Atma Energy’s VPP technology, a unique and innovative solution, connects and manages a network of small, decentralized energy systems, including solar panels and battery storage. These systems, functioning like a traditional power plant, store energy that can be dispatched to the grid during peak demand periods. This not only provides crucial backup power but also enhances overall grid stability, setting it apart from conventional energy solutions.
By entering ERCOT’s wholesale power market, Atma Energy’s VPP technology allows participating members to sell their stored energy back to the grid during times of high demand. This process helps prevent blackouts, stabilizes the grid, and offers homeowners financial compensation for their contributions, creating additional revenue opportunities. This arrangement benefits both homeowners and utilities by improving energy stability and enhancing financial returns.
"Our qualification for ERCOT Wholesale Power Market Participation is a significant milestone for distributed energy in Texas," stated Supratim Srinivasan, CEO of Atma Energy. "We are excited to see the progress of our technology in BEC's VPP program, improving grid reliability, enhancing homeowners' energy independence, and promoting cost savings.”
The qualification represents a significant step toward incorporating renewable energy into the current power grid. Atma Energy's innovative Virtual Power Plant Technology is set to play a crucial role in diminishing the grid's dependence on conventional energy sources. With future partnerships on the way, Atma Energy is positioned to drive transformative changes in energy management and sustainability.
For more information about Atma Energy’s Virtual Power Plant technology, please visit www.atma-energy.com.