US Virtual Power Plant Market Rises with Advanced Technological Innovations
US Virtual Power Plant Market is Driven by Extensive Use of Renewable Energy and IoT/Cloud Platform Across the Nation. According to TechSci Research report, " U.S. Virtual Power Plant Market - By Region, Competition Forecast & Opportunities, 2018-2028F", The Market is growing due to the rising proportion of renewable energy and decreasing solar energy generation and storage prices. The market expansion for virtual power plants is also driven by the growing use of cutting-edge technologies in the power sector, such as cloud platforms and internet of things (IoT) applications. The demand for renewables has increased dramatically over the past several years as people's understanding of the advantages of renewable energy grows. Furthermore, the need for VPPs is driven by government efforts that assist the development of renewable energy sources. According to the U.S. Energy Information Administration's International Energy Outlook 2019 report, renewable energy s...