Morningstar DBRS sees a “positive trend in the adoption and expansion of VPPs” in the short- to medium-term. Pegging the total global VPP market at about $4.1 billion in 2023, Morningstar cited a Grand View Research projection that its value would grow by 22% annually through 2030.
Broader VPP adoption “could help the utility industry’s energy transformation by enhancing operational efficiency, stabilizing energy supply and demand and reducing the environmental footprint,” while reducing energy price volatility and unscheduled maintenance, Morningstar said.
