hummgroup has entered a partnership with LG Energy Solution to provide Virtual Power Plant solutions, reinforcing our goal to make renewable energy more affordable for Australians. A VPP aggregates energy from rooftop solar panels and battery storage systems across the country and delivers electricity across the grid.
Consumers then can store and trade electricity with money raised on exporting power into the system. This might mean selling energy generated during peak times or purchasing energy when the cost is low and storing it. The retailer directs your energy to offset the costs of installing the equipment, and when combined with solar, reduces the payback period.