Swell Energy acquires Renu to help build virtual power plants
Swell Energy , a California-based installer and financier of distributed energy storage, has acquired Renu Energy Solutions , a regional installer covering the Carolinas and Georgia, for an undisclosed sum. Swell’s business relies on tying together hundreds or thousands of home batteries into an aggregate virtual power plant , or VPP, which can be used by utilities to bolster the grid; homeowners who agree to participate can earn compensation.
Source: yahoo.com