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Seoul City Expands Virtual Power Plants That Can Sell Saved Electricity for Profit

Seoul City Expands Virtual Power Plants That Can Sell Saved Electricity for Profit

SEOUL, May 30 (Korea Bizwire) — The Seoul Metropolitan Government (SMG) announced on Wednesday that it will be installing additional virtual power plants (VPP), facilities that can generate income by selling the amount of electricity saved, in small to medium-sized buildings throughout all 25 districts. The city plans to expand the plants’ generation capacity to [...]

Seoul City to Sell 5MW of Electricity through a “Virtual Power Plant”

Seoul City to Sell 5MW of Electricity through a “Virtual Power Plant”

SEOUL, May 20 (Korea Bizwire) — The City of Seoul registered a virtual power plant to sell 5MW of electricity saved by its 18 affiliated institutions (including its water recycling centers); the first time a local government body has done so. Seoul announced on May 18 that it registered a virtual power plant from 5MW of electricity [...]