GM, Ford, Google And Solar Producers Would Work Together To Set Standards For Increasing The Use Of VPPs
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A virtual power plant is intelligent software that connects multiple generators, energy storage and consumers into one optimized ecosystem. A virtual power plant can support a photovoltaic farm in several ways. For example, they can mediate in the sale of energy from the farm, so the participation of large companies can bring an increase in interest, which has a lot of benefits for both parties.
In this article:
- Advancements in obesity and Alzheimer’s care
- Airlines problems
- Scaling up the use of virtual power plants
- Why is retail investment lagging behind on the old continent
Advancements in obesity and Alzheimer’s care
We live in times where development is quite fast. The technology of our life has made our life easier, especially communication. With the development of technology, our lifestyle has changed to a more sedentary one, which leads to overweight and even obesity. Being overweight, depending on how many calories you consume, can progress to obesity. Nowadays, the problem of overweight affects many societies mainly due to: a sedentary lifestyle, lack of regular physical activity and an incorrect, unbalanced diet. Moreover, a change in our diet, in which we consume more sugars than our grandparents did, increases the risk of Alzheimer's. These two diseases can affect anyone, which is why the development of the medical sector in this direction is important.
Advancements in obesity and Alzheimer’s care present new opportunities for the healthcare sector in 2023. J.P. Morgan’s Chris Schott shares why at #JPMHC23.
— J.P. Morgan (@jpmorgan) January 11, 2023
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Airlines problems
Airlines in the United States have recently faced many problems. Due to unfavorable climatic conditions during the Christmas period, many flights were delayed or cancelled. There are also problems from the technical side. Systems have been failing recently, and transport companies are doing what they can to restore full efficiency.
BREAKING: Widespread U.S. flight delays expected after critical FAA system goes down; agency currently working on getting it back online pic.twitter.com/DVQAw4nsTE
— CNBC Now (@CNBCnow) January 11, 2023
Scaling up the use of virtual power plants
Companies including GM, Ford, Google and solar producers said on Tuesday they would work together to set standards for increasing the use of virtual power plants (VPPs). Energy transition nonprofit RMI will host the initiative, the Virtual Power Plant Partnership (VP3).
VPPs are poised for a surge in the United States, where the Inflation Reduction Act of 2021. created or extended tax incentives for electric cars, electric water heaters, solar panels and other devices whose production and consumption can be coordinated to seamlessly load the grid.
RMI estimates VPPs could reduce US peak demand by 60 gigawatts by 2030
VPPs have already improved network reliability in countries such as Germany and Australia, and in some US states.
During last August's extreme heatwave, wholesale market operator California Independent System Operator avoided power outages by calling in all available resources, including VPP, to send electricity. Google Nest Smart Thermostats have contributed to reducing the load.
WATCH: Companies including GM, Ford and Google said they would work together to establish standards for scaling up the use of virtual power plants, which are systems meant for easing loads on electricity grids when supply is short https://t.co/WPvixNGfyA pic.twitter.com/3Fs2rut5kz
— Reuters Business (@ReutersBiz) January 12, 2023
Why is retail investment lagging behind on the old continent?
Although the share of retail investors in Europe has doubled since 2020, it remains low. By comparison, the retail business still accounts for just 5-7 percent of total trading volume in Europe, compared to over 25 percent in the US and over 60 percent in China. So why is retail investment lagging behind on the old continent and is it possible to change this situation?
How do "free" trading platforms get paid? https://t.co/u1wiWxww1K (via @CNBCi) pic.twitter.com/0qoa9C9ZF8
— CNBC (@CNBC) January 12, 2023
