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Towards next generation virtual power plant: Technology review and frameworks

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  • Bhuiyan, Erphan A.
  • Hossain, Md. Zahid
  • Muyeen, S.M.
  • Fahim, Shahriar Rahman
  • Sarker, Subrata K.
  • Das, Sajal K.

Abstract

Modernization in the area of smart energy equipment, are forming the perception of an interlinked energy network in subsequent times. This energy network is contemplated to govern real-time energy consumption and optimization in the future. Traversing a prolonged period of development, the energy industry has reached the landmark of Virtual Power Plant (VPP) and still going onward to this newfangled energy network, also can be called the next generation VPP. This paper demonstrates the challenges and opportunities in executing the transpiring aspects of the next generation VPP. Based on essential components and requisites, detailed descriptions are depicted from different technological viewpoints such as electrical and communication, computing technologies, energy management, economic profit, geographical factors, and adoption of emerging technologies. We also present the recent updates of existing VPP projects. Finally, considerations towards implementing the next generation VPP are marked out, along with necessary frameworks, regulations, and policies. This paper can provide prudent support for researchers and practitioners in the field of VPP.

Suggested Citation

  • Bhuiyan, Erphan A. & Hossain, Md. Zahid & Muyeen, S.M. & Fahim, Shahriar Rahman & Sarker, Subrata K. & Das, Sajal K., 2021. "Towards next generation virtual power plant: Technology review and frameworks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 150(C).
    • Handle: RePEc:eee:rensus:v:150:y:2021:i:c:s1364032121006444
    DOI: 10.1016/j.rser.2021.111358
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