Xcel Energy launches virtual power plant in Colorado
Xcel Energy is teaming up with Itron and Tesla to create an advanced virtual power plant (VPP) in Colorado. This project aims to manage and utilize solar energy and battery storage more efficiently. Itron will provide its IntelliFLEX technology, which helps energy companies manage various energy sources like residential batteries and solar panels. This system allows Xcel Energy to better balance power use on the grid, especially during peak demand times. The partnership will also integrate Tesla's Powerwall, a home battery system, allowing Xcel Energy to access stored solar power in real time. This setup aims to increase the number of batteries available for use during high-demand periods, supporting Xcel Energy's goals for electrification. Colorado's sunny climate makes it an ideal location for solar energy and battery storage initiatives. Xcel Energy's Renewable Battery Connect program, which relies on customers’ home batteries, will play a key role in managing electricity during peak times. By combining Itron's and Tesla's technologies, the new VPP will act as a single power plant, providing renewable energy to the grid when it is needed most. This collaboration is expected to improve grid stability while advancing renewable energy efforts in Colorado.