CPower
CPower is a premier virtual power plant provider that monetizes the value of customer-cited energy to strengthen the grid intelligently. The company has approximately seven gigawatts of power throughout the US market with over 30,000 sites under their programs from California to Maine. Since 2015, CPower has paid back a billion dollars in actual revenue checks to their customers, with a goal to reach $2 billion by 2030.
The presentation highlights CPower’s approach to creating virtual power plants by aggregating distributed energy resources (DERs) from various customers. These resources include not only generation assets, battery storage, and renewable energy systems, but also load curtailment processes where customers shift or reduce energy usage at specific times. CPower acts as the intermediary between the ISO (Independent System Operator) and customers, managing program registration and taking on participation risks.
Their services provide financial benefits (with incentives ranging from $60,000 to $300,000 per megawatt), improved grid resilience through advanced notice of potential outages, and sustainability benefits. Participation in these programs comes with no out-of-pocket costs or penalties, and CPower’s in-house engineering team assists customers in developing curtailment strategies tailored to their specific needs.
