Introduction:
The size of the virtual power plant market was estimated at USD 0.2 billion in 2021.
The sector is expected to increase at a compound annual growth rate (CAGR) of 29.6% from USD 0.25 billion in 2022 to USD 1.5 billion by 2030.
Involves the integration of various energy resources, such as solar, wind, and batteries, to function as a unified power plant, managed through software.
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