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Renewables Go Virtual:
Virtual Power Purchase Agreements & Virtual Power Plants
Earlier this month, Fifth Third Bancorp announced that it has become the first Fortune 500 company and first bank to sign a power purchase agreement to achieve 100% renewable power through a single project. Furthermore, Fifth Third becomes the first publicly-traded company to commit to purchase 100% renewable energy through solar power alone. Advanced energy storage companies around the world are also deploying distributed, dispatchable battery assets across regions, including Tesla’s most recent residential deployment of Powerwalls in Australia.
The event will showcase Virtual (or off-site) Power purchase agreements (PPAs), which the industrial, commercial, and public sectors are taking advantage of to support development of new clean energy while meeting sustainability goals – such as carbon neutrality or obtaining 100% of their energy from renewable sources, and reaping financial benefits at the same time. We will also be discussing Virtual Power Plants (VPPs). Most lithium-ion battery deployments today come in the form of giant, centralized battery plants. A virtual power plant is comprised of multiple (hundreds or even thousands) of batteries distributed within a grid (at businesses, schools, or even homes), but operate just like a one big system — charging up when demand and electricity rates are low and discharging when demand and prices are high.
5:30pm – Check-in and networking with appetizers and beer/wine
6:30pm – Welcome Remarks
Introduction by GLUMAC
Panel discussion moderated by Yair Crane, Co-Chair YPE LA
7:45pm – Q&A
8:00pm – Networking
8:30pm – Adjourn
GLUMAC Los Angeles
707 Wilshire Blvd. 23 rd Floor
Los Angeles, CA 90017
RSVP is required, no walk-ins, due to building security requirements
Young Professionals in Energy (“YPE”) is a non-profit energy industry networking organization with over 15,000 members worldwide (Tax ID 37-1540101). YPE LA events typically have 75-100 members that include a broader audience of LA professionals in the energy, policy, sustainability, and clean technology fields, including professionals from utilities, professional engineers, energy communications and policy experts, project developers, investors, lawyers in the energy field, venture capitalists, solar companies, as well as local and county officials.