SolarEdge Launches First Battery Virtual Power Plant Eligible to Participate in Great Britain’s National Grid ESO Demand Flexibility Service

• For the first time, Great Britain’s domestic battery owners can participate in the Demand Flexibility Service to stabilize the grid and earn financial incentives for their stored battery energy during pre-scheduled ‘peak demand events’

• Available today to thousands of SolarEdge Home battery owners across Great Britain, participants will be able to earn financial incentives thanks to innovative technology that actively reduces their grid energy consumption

February 6, 2023 – SolarEdge Technologies Inc., a global leader in smart energy technology, today announced the launch of the first battery Virtual Power Plant in Great Britain’s National Grid ESO Demand Flexibility Service (DFS), in collaboration with leading UK energy infrastructure company Smart Metering Systems Plc. (SMS-plc). Available to thousands of SolarEdge Home battery owners across Great Britain, this marks the first-time homeowners can earn financial incentives for their stored battery energy during DFS peak demand events, which will be used to stabilize the grid.

As part of the DFS, energy suppliers have been asking participating customers to reduce their electricity consumption during pre-scheduled demand events. Starting today, SolarEdge Home Battery owners will be able to seamlessly minimize their grid consumption during each event and earn financial incentives by leveraging their stored battery energy. In addition, battery owners with an eligible export meter can earn even higher financial incentives by exporting their excess battery power as electricity back into the grid. SolarEdge’s innovative technology will automatically optimize the battery charge and discharge during each demand event, ensuring homeowners earn maximum financial incentives while helping to stabilize the grid.

Zvi Lando, CEO of SolarEdge Technologies, commented: “This is a prime example of the transformational impact that battery storage can have in future grid stabilization and how homeowners can play their part. SolarEdge is dedicated to improving the ways energy is produced and consumed, and we believe that automation and advances in solar and storage technologies are key to unlocking value at both the local and grid level. Our innovative technology simplifies the participation in demand response programs in a way that is smarter, more intuitive and more profitable.”

The National Grid ESO will pay program participant SMS-plc for all exported electricity to the grid during the scheme, which will be compensated via SolarEdge. For homeowners with a SolarEdge PV system, the battery can be charged with solar energy and exported to the grid during a peak demand event.

Christelle Barnes, UK Country Manager at SolarEdge, added: “With the residential solar and storage market in Great Britain rapidly growing, we believe the DFS battery Virtual Power Plant can help further accelerate adoption by providing homeowners with an additional revenue generator. Homeowners can sit back and passively earn more income without having to even change their energy consumption. With electricity prices continuing to soar, the financial business case for solar and storage becomes even more attractive.”