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“VPPs are aggregations of distributed energy resources such as rooftop solar with behind the meter batteries, electric vehicles and chargers, electric water heaters, smart buildings and their controls, and flexible commercial and industrial loads that can balance electricity demand and supply and provide utility scale and utility grade grid services like a traditional power plant.
“Project Hestia will provide disadvantaged individuals and communities with increased access to Sunnova services by indirectly and partially guaranteeing the cash flows associated with those consumers’ loans,” Sunnova says. “To be eligible, each energy system must be outfitted with Sunnova’s purpose-built technology, accessible by smart phone or other personal electronic device.
Coupling aggregated DERs with smart software can create a powerful collective tool, the DOE says. VPPs deliver affordable power and support grid reliability and decarbonization in an increasingly electrified world. The project focuses on households in disadvantaged communities across the United States and Puerto Rico, including at least 20% of loans to customers with credit scores of 680 FICO or less, the DOE press release said.