VIRTUAL POWER PLANTS
my-RESI LLC develops opportunities involving the establishment of Virtual Power Plants (VPPs) that can monetize the value of residential battery systems combined with new or existing solar power generation on behalf of a developer or a third-party investor. The VPP earns revenues through the provision of capacity and other grid services to utilities and in some cases wholesale grid operators and/or non utility energy suppliers. my-RESI funds its development activity using its own resources. For new construction, my-RESI begins by drafting a collaboration agreement among my-RESI, its equipment suppliers, and the residential community developer to develop a VPP business model. This arrangement relies on a commercial relationship with a utility/grid operator. An overwhelming number of states prefer or require the utilities to contract for services from an aggregator of storage and other DER resources. my-RESI’s role is to maximize the revenues from a utility and provide the infrastructure to optimize the operation of the aggregated resources to the benefit of the investor/owner of the PV/battery system. my-RESI will offer homeowners who participate in a VPP program with a discount on their energy bills using our unique solar-plus-storage Power Purchase Agreement Plus (PPA+SM) and the benefits of battery power resilience during a grid outage.
ENABLING sonnen COMMUNITIES AND SMART CITIES
my-RESI combines over a decade of experience providing rooftop solar programs to residential consumers nationwide. We’ve partnered with sonnen, the global market leader in residential energy management solutions with 10+ years of innovation, success and leadership in managing clean energy for homeowners and carbon-neutral sonnenCommunities.
sonnen’s intelligent energy storage enables homeowners and communities to store excess energy, from solar or the grid, and use it to power homes in ways that makes our utility grid cleaner, smarter and more flexible. sonnen is the key to the grid of the future.