PRESS RELEASE
World First Canberra technology that makes the electricity system cheaper, cleaner and more reliable recognised by Engineers Australia.
Last night, Canberra-based Reposit Power was awarded the Sir William Hudson Award – the highest honour for a project awarded by Engineers Australia at a gala in Sydney.
Reposit Power received the award in recognition of building a Virtual Power Plant in Canberra from customer owned residential battery setups.
The first and largest of its kind in the world, the Canberra Virtual Power Plant project solves grid challenges that arise from wholesale market volatility, peaks in demand and generation, and poor power quality.
More than 500 households are rewarded for participating in Canberra’s Virtual Power Plant.
Reposit Power CEO, Dean Spaccavento, said that VPPs are the building block of our future electricity grid and it’s great to be recognised for developing world class, ground-breaking and creative technology that benefits society.
“There has been a lot of discussion in the energy industry about building VPPs to solve grid problems, and it’s an honour to be recognised for building robust and reliable technology that is proven to help society,” Mr Spaccavento said.
“We realised that creating a distributed electricity grid using residential solar battery setups would solve a lot of grid problems.
“Our smart technology acts as a gateway, by building VPPs to balance problems in the wholesale electricity market and on the distribution network.”
Reposit builds VPPs by grouping lots of individual homeowners solar battery setups together to sell energy back to the grid when it’s needed most.
Leylann Hinch, Branch Manager Asset and Network Performance for Evoenergy, who partnered with Reposit Power on the Canberra VPP said that Evoenergy has one of the most reliable electricity networks in the country and demand management activities like our joint VVP with Reposit Power is a really important tool to help maintain our quality of service in the ACT.
‘We are really proud that Reposit won the Sir William Hudson Award for the ACT Virtual Power Plant (VVP),” Mr Hinch said.
“Alongside Reposit we achieved successful trials discharging residential batteries through the Evoenergy distribution network.
“The VVP is an important demand response source that can quickly reduce load on the network and when scaled up would prevent the need for load shedding in almost any scenario.”
