Alphabet's Google, Voltus Expand Virtual Power Plant Agreement

MT Newswires Live20:59

Voltus said Thursday it has expanded its agreement with Alphabet's (GOOG, GOOGL) Google to develop a virtual power plant in the PJM electricity grid region, adding 1,070 megawatts of flexible capacity to the 100MW covered by their initial agreement in June 2026.

The company said the project will aggregate power-saving capacity from homes and businesses using batteries, smart thermostats and industrial equipment.

Google will fund the virtual power plant, while Voltus will provide participating customers with benefits, such as lower bills and direct payments, the company said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment