Toshiba has used AI and IoT technology to develop a virtual power plant (VPP) before what it predicts will be the creation of a new VPP market in 2021. The VPP will enable small, remote power generation points to be managed and used for load-levelling purposes, which will store excess power from renewables and deliver energy during periods of high demand. In addition, Toshiba's VPP is designed with an integrated smart grid management system that can monitor and control all aspects of the electricity supply chain, including demand management, load balancing, distribution and pricing.
Toshiba has used AI and IoT technology to develop a virtual power plant (VPP) before what it predicts will be the creation of a new VPP market in 2021. The VPP will enable small, remote power generation points to be managed and used for load-levelling purposes, which will store excess power from renewables and deliver energy during periods of high demand. Toshiba said that multiple small-scale power generation facilities could potentially be based in offices, factories, homes and EVs.