New Demand Response Program by CPower Enhances Revenue and Grid Stability in New York

CPower Enhances Revenue and Grid Reliability in New York

In an innovative move, CPower Energy, a prominent player in the Virtual Power Plant (VPP) landscape, has announced an exciting new program aimed at transforming the energy sector in New York. By enabling a range of rapid-response distributed energy resource (DER) customers to participate in the state's Distributed Energy Resource Participation Model (DER PM), CPower is set to provide significant benefits for both its clients and the overall electricity grid.

Revolutionizing Energy Participation

As part of this initiative, CPower has successfully enrolled a number of highly automated, energy-intensive cryptocurrency mining operations. These facilities, operating around the clock, are well-equipped to adapt quickly to new demand-response opportunities. This strategic inclusion allows them to benefit from financial incentives that can boost their earnings by as much as 35%. This positioned them perfectly to respond to NYISO (New York Independent System Operator) dispatch signals promptly, contributing to grid stability during peak periods.

Michael D. Smith, CEO of CPower, expressed enthusiasm about the initiative, stating, "We've shown how accessible this program is for customers who want to turn flexible energy into earnings." His remarks underline CPower's commitment to transforming how customers interact with energy resources, especially as flexible demand starts to play an increasingly critical role in New York's energy infrastructure.

The DER Participation Model

The cornerstone of CPower's strategy is the DER participation model, which allows aggregated DERs of a minimum of 10 kW to take part directly in NYISO’s energy, capacity, and reserve markets as VPPs. This offers commercial and industrial energy users an unprecedented opportunity to monetize their operational flexibility. Participants stand to gain more than they could under traditional programs, realizing up to 33% additional revenue.

This expansion invites new types of resources into the energy market pipeline as flexible demand becomes a focal point. Such measures facilitate effective responses to fluctuations in energy supply and demand, thereby enhancing the resilience of New York's electrical grid.

Upcoming Educational Opportunities

To further engage with stakeholders about this program, CPower is hosting a webinar on December 4. The session will cover critical changes in the market, opportunities for participating in the DER PM, and how utility demand response programs can help capture new revenue streams while supporting the grid’s reliability. This initiative reflects CPower’s dedication to educating energy users and helping them navigate the evolving landscape of energy participation.

About CPower

For over a decade, CPower Energy has been at the forefront of integrating customer-owned energy into the markets. The VPP platform enables energy users, including businesses, manufacturers, public institutions, and healthcare organizations, to monetize their excess capacity and flexibility. Since 2015, CPower has helped clients generate more than $1.2 billion in revenue through demand response programs. With an impressive 6.7 GW of customer capacity spread across over 23,000 sites, CPower is empowering energy users throughout North America, promoting a new, innovative energy economy.

By enhancing both customer revenue and grid reliability, CPower is paving the way for a more resilient and profitable energy future.