Glossary
Virtual battery
A virtual battery is an innovative energy solution that enables the storage and management of energy without the need for a physical battery storage system. It utilizes advanced software platforms and algorithms to optimize energy consumption and production, effectively managing and distributing energy within the power grid. This concept integrates energy from renewable sources such as solar and wind power, storing it directly within the electrical grid.
A virtual battery helps reduce energy costs and increase energy efficiency through advanced algorithms and predictive models that optimize energy consumption to be as efficient as possible. Additionally, the system contributes to grid stability by balancing fluctuations in energy consumption and production, storing excess energy during low demand periods and releasing it during peak times.
Users of virtual batteries can also receive financial profit for providing regulatory services that contribute to grid stabilization. This solution is ideal for businesses and households looking to efficiently manage their energy consumption while contributing to sustainability and grid stability.