Concerto™ platform now enabling Iberdrola to
provide Active Demand Response Services
WAUKESHA, Wis., May 17, 2023
/PRNewswire/ -- Generac Grid Services, a subsidiary
of Generac Power Systems (NYSE: GNRC), a leading designer and
manufacturer of energy technology solutions and other power
products, today announced Generac Grid Services' Concerto™ platform
now enables Iberdrola to provide Active Demand Response Services
(SRAD) in Spain.
Using Generac Grid Services' Concerto platform, Iberdrola has
built a virtual power plant (VPP) that has successfully
transitioned its provision of SRAD services, which started in
November 2022, into an automated
dispatch service.
Iberdrola selected Generac Grid Services to be its VPP software
provider via tender in late 2021. In the time since, the Companies
have been working together to aggregate solar generation and load
from commercial and industrial facilities as well as smart homes
across Spain to support
stabilizing grid frequency for Spanish transmission system
operator, Red Eléctrica de España.
"The Concerto platform's open ecosystem enables us to connect to
and dispatch assets that leverage distinct communication
interfaces," shared Rafael Bellido,
Head of Flexibility Solutions at Iberdrola. "This helps Iberdrola
generate value from a greater number of participating systems,
therefore benefiting our customers while helping to keep the
Spanish grid more reliable."
"Together, Generac Grid Services and Iberdrola are demonstrating
the value of forecasting and optimizing renewable generation
solutions," said Jan Peter Moree,
Vice President of Business Development for Europe, the Middle
East, and Africa at Generac
Grid Services. "Having proven the value of leveraging clean solar
generation in the SRAD market, we look forward to supporting
Iberdrola as they create more opportunities for distributed energy
resource owners and operators in Spain."
Iberdrola and Generac Grid Services are actively exploring ways
to expand their collaboration. Together, the companies are looking
to grow the number and type of distributed energy resources capable
of providing flexible capacity and are specifically looking to
incorporate electric vehicles (EVs) and industrial loads into their
portfolio. In addition, the companies are actively planning to bid
this growing flexibility into markets beyond SRAD, with manual
Frequency Restoration Reserves (mFRR) expected to go live later
this year.
About Generac Grid Services
Generac Grid Services is a subsidiary of Generac Power Systems
(NYSE: GNRC), a leading designer and manufacturer of energy
technology solutions and other power products. Generac Grid
Services is working to change the way the world generates and uses
electricity. From turnkey solar + storage solutions, to backup
generators, additional distributed energy resources and virtual
power plant software, Generac Grid Services is helping to
accelerate the world's transition to a cleaner, more reliable power
grid. Via the company's energy-balancing platform, power generation
and storage products that might otherwise sit idle are now able to
be dispatched and orchestrated as part of a distributed energy
solution, thereby generating value for the home or business owner,
while also delivering value to the energy grid.
About Iberdrola
With more than 170 years of history,
Iberdrola is today a global energy leader, the leading wind power
producer and one of the largest electricity companies in the world
in terms of stock market capitalisation. Iberdrola is committed to
the energy transition with a sustainable business model based on
renewable energy, smart grids, large-scale energy storage and
digital transformation to offer the most advanced products and
services to our customers. Iberdrola offers a sustainable and
competitive business model that creates value for society. The
group supplies energy to around 100 million people in dozens of
countries, employs more than 40,000 people, and has assets in
excess of €150 billion. Iberdrola has the objective of exceeding
52,000 MW of renewable capacity by 2025.
Media Contact: Stephanie
Rodgers
Stephanie.Rodgers@Generac.com
Phone: 262.544.4811 Ext. 4456
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SOURCE Generac Grid Services