SOLRITE Energy’s SOLRITE Virtual Power Plant Power Purchase Agreement (VPA), developed in partnership with sonnen, introduces solar + storage to diverse customer segments. Notably, the VPA’s unique features result in a 43% higher homeowner approval rate, facilitated by sonnenConnect VPP Program’s grid services. Contractors benefit from efficient installation solutions and high-quality reporting. The VPA, launched in January 2024, garnered a significant increase in contractor applications, with a national installation target of 25,000 by 2024-end. SOLRITE plans to expand to new markets in 2024, offering competitive PPA financing options in non-VPP areas.
SOLRITE and sonnen collaborate for Industry-First Virtual Power Plant PPA
SOLRITE’s Virtual Power Plant Power Purchase Agreement by SOLRITE and sonnen, providing homeowners access to backup power and superior energy savings through sonnenConnect. (Image Credit: SOLRITE Energy).
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)