Swell Energy and Sacramento Municipal Utility District (SMUD) publicly announced their agreement for Swell to serve as the aggregator for SMUD's new 'My Energy Optimizer Partner+' program, a virtual power plant effort powered by home customers.
The virtual power plant program is one of California's most advanced and inventive undertakings. It combines household solar and battery storage systems to minimize greenhouse gas emissions and make the electric grid more sustainable, resilient, and reliable. Individual solar and battery storage systems only help customers manage their own energy needs.
While the program allows customers to use their own systems with others to collect and transmit renewable energy sources to help their communities, customers who sign up for My Energy Optimizer Partner+ will get compensation, called GridRevenueTM, both upfront and over time based on the size of their solar and energy storage systems.
As more and more customers add solar panel systems and battery storage solutions, they will be able to manage their energy needs better while reducing their community's carbon footprint.
The success of programs like My Energy Optimizer Partner+ will bring additional opportunities for the local population while enabling the large-scale deployment of renewable energy and reducing the need for traditional energy sources in the area.
About Swell Energy
Swell Energy is an energy management and smart grid solutions provider, working towards the mass adoption and distribution of clean energy technologies. It empowers customers to take control of their energy use and costs, achieve energy security, and participate in the transactive grid. In addition, it offers financing and virtual power plant programs to residential owners and businesses while collaborating with reputable local solar and solar storage organization to ensure smooth and high-quality installations.