Navigant Research Names Enbala Power Networks as #1 Virtual Power Plant Software Provider
Navigant Research defines a VPP as a smart grid network that links retail markets to wholesale markets. The primary goal of a VPP is to achieve the greatest profit for distributed energy resources (DER) asset owners while maintaining the proper balance of the electricity grid at the lowest economic and environmental cost. In its newly released Navigant Research Leaderboard Report: Virtual Power Plant Software Vendors, Navigant Research examines the strategy and execution of 15 leading VPP software vendors, which are ranked based on 12 criteria, including VPP vision, product integration strategy, and product performance, quality and reliability. Each company’s portfolio of VPP projects was also evaluated, along with factors surrounding the effectiveness of sales, marketing and distribution operations.
Enbala scored higher on VPP Strategy than any other company ranked in the report, including a perfect score of 100 for its VPP vision. Enbala’s product quality and reliability score was higher than any of the other vendors included in the study, and only one other VPP software provider received scores as high as Enbala’s in the rankings for product integration strategy and technology scope.
With the highest score of 95 in the Project Portfolio category, Enbala scored significantly higher than all but one other vendor studied.
“Being named the #1 VPP software provider by an independent and highly-respected third party like Navigant Research is strong validation for the company we are building and the partnerships we have created with our customers,” said Enbala CEO and President Arthur “Bud” Vos. “The Enbala team has been working tirelessly to establish ourselves as THE leader in this industry. We have come a long way, and our work will continue as we look toward a future of advanced control technologies and industry-leading applications that will propel the entire industry forward. Enbala’s technology is a key ingredient to a clean and sustainable energy future, and we look forward to helping the industry achieve this goal.”
Navigant Research notes that global VPP implementation spending is expected to reach $2.1 billion annually by 2020, driven by the ability of VPPs to intelligently aggregate and optimize DERs to provide the same essential services as traditional 24/7 centralized power plants. The new report notes that while there are three types of VPPs: demand response, supply-side and mixed asset, it’s the latter that is emerging as the platform of choice. Enbala’s focus on mixed asset VPPs has increased dramatically over the last two years, with a pipeline of some 350 MW planned over the next three years and an installed base of mixed asset VPPs of 55 MW.
“Enbala has articulated the broad vision of the mixed asset VPP,” said Peter Asmus, principal research analyst at Navigant Research. “The company’s large project pipeline and ability to play in markets beyond DR speak to its capabilities.”