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Stock impact report

EnergyHub Receives CEC Grant to Support Expansion of Virtual Power Plants in California [Yahoo! Finance]

Alarm.com Holdings, Inc. (ALRM) 
Last alarm.com holdings, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.alarm.com/investor-relations
Company Research Source: Yahoo! Finance
advance the enrollment of multiple types of distributed energy resources (DERs), including thermostats, electric vehicles (EVs), and batteries, in virtual power plants (VPPs). The grant funding will accelerate California's progress toward the state's 100% renewable energy goal and help address severe resource adequacy constraints. The initiative will play a key role in proving the importance of multi-DER control and optimization. Because EVs, thermostats, and batteries have different demand characteristics, enrolling two or more kinds of DERs in a VPP enables improved load-shaping capabilities. This will help deliver a reliable, increasingly decarbonized grid in California and accelerate the CEC's progress toward 100% renewable power in the state. Additionally, the grant expands the opportunity for California residents to enroll connected devices in VPPs, even if their utility does not offer such programs. The $1.5 million program, which began June 6th, will enroll up to 7,000 new Show less Read more
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