Energy & Meteo Systems (E&MS) is to provide renewable energy forecasting and virtual power plant (VPP) software to French aggregator CNR, which will use the technology to manage and trade its renewable energy production on day-ahead and intraday markets in a bid to improve profitability. The company has signed an agreement with EADS Astrium for €100 million ($125 million) of financing over three years from next year.
Energy & Meteo Systems (E&MS) is to provide renewable energy forecasting and virtual power plant (VPP) software to French aggregator CNR, which will use the technology to manage and trade its renewable energy production on day-ahead and intraday markets in a bid to improve profitability. The platform will allow CNR to stop solar and wind generation during times of negative prices on the European Power Exchange, EPEX Spot, according to Pierre-Jean Grangette, its energy department director.