Virtual Global Trading (VGT): Revolutionizing the Flexibility Market
Overview:
Swiss company Virtual Global Trading (VGT) is transforming access to the flexibility market for a diverse range of energy producers and consumers. Their software platform connects everything from household solar and battery systems to large hydroelectric plants, facilitating rapid expansion into European markets.
Importance of Digitalization:
As the energy landscape becomes more complex due to mass electrification, VGT’s digitalization efforts are critical. The platform interconnects numerous points in the power system, aiding in maintaining supply-demand balance through real-time data management.
Market Role:
Founded by Gregor Martinović—who brings over a decade of digital transformation experience—VGT doesn’t sell electricity directly but leverages clients’ flexibility (shifting energy production and consumption) for market benefits. Their platform integrates various-sized facilities into a virtual power plant to adapt to flexibility and balancing energy markets.
User Accessibility:
VGT’s platform is designed for accessibility, allowing users like installers of solar and battery systems to manage energy flow effectively. It employs a B2B2C model, making it easier for consumers to participate without needing direct power generation assets.
Growth and Expansion:
Currently, VGT manages 2.2 GW of energy and is rapidly growing in Switzerland. They are entering major European markets like Germany, Austria, Belgium, and France, targeting large-scale and small installations alike.
Connection with Installers:
VGT’s platform supports installers, offering a white-label software solution for easy integration and marketing of their services, with no associated costs for operators.
Benefits of Flexibility Market:
VGT emphasizes the importance of honoring flexibility in the energy market. Prosumers—households and small facilities—are becoming increasingly crucial, and automating their inclusion helps stabilize the larger power system.
Revolutionary Approach to Tariffs:
The advancement of digital logistics may lead to individualized grid tariffs, optimizing electricity delivery and load management.
Ancillary Services:
VGT plays a role in essential ancillary services, ensuring the power grid’s frequency remains stable and balanced through various control mechanisms.
Conclusion:
With a youthful workforce and innovative approach, VGT stands at the forefront of the digital energy transition, urging partners to join and capitalize on emerging market opportunities.
