Norfolk State University Selects Voltus To Advance Campus Sustainability, Support Grid Reliability in Virginia
The partnership aims to reduce campus energy usage by 27%, reducing emissions and providing new revenue streams for the university.
Energy users get paid by grid operators, utilities, or virtual power plants to conserve or shift electricity use in response to grid signals. These signals can be triggered by 1) a lack of energy supply (from heat waves, storms, downed power plants, renewable energy variability), 2) high prices, 3) high emissions on the grid, or other reasons.
Demand response can also generate value for energy users in the form of electricity bill savings when leveraged to actively avoid demand charges. Demand response serves as a lifeline for grid operators and utilities to prevent blackouts or shut offs which can be extremely disruptive, even deadly, to businesses and residents.
Conserving energy in demand response programs has cash value
Example view of real-time load reduction within Voltus’s technology platform
Conserving or shifting energy in demand response programs has the same value as producing energy, thanks to Federal Energy Regulatory Commission Order 745.
Grid operators and utilities value demand response for its stabilizing impact on the grid. By reducing how much energy is used or shifting energy use during times of grid stress, customers are able to earn cash.
Cash payments and savings for your business
Advanced notification of potential power shut offs
Protects communities by preventing blackouts
Contributes to your ESG goals
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Grid operators or utilities (depending on the region) pay Voltus and its customers for making power available, just like they pay energy companies to produce power. This payment structure is similar to airlines paying customers to take a later flight when their flight is overbooked.
Voltus partners with its customers to meet our commitments to grid operators and utilities. Although customers are expected to perform in demand response dispatches, there are zero penalties for underperformance.
There is zero cost or risk to participate in demand response programs with Voltus.
Voltus is a virtual power plant operator that interfaces between grid operators/utilities and large energy users. Voltus gets paid by grid operators/utilities to enroll, prepare, and coach energy users to participate in demand response programs. Voltus earns revenue by keeping a portion of the earnings it generates for its customers. Voltus doesn’t make money until our customers make money.
No. These programs are paid for by grid operators or utilities who need additional resources to support grid reliability in your community.
You can speak to one of our experts directly by contacting info@voltus.co. You can also check out these publicly available resources: