The New Electric Operator NEO
NEO will control what is commonly known as a Virtual Power Plant (VPP), a link-up of distributed power stations (like wind farms, combined heat and power (CHP) units, photovoltaic systems, small hydropower plants and biogas units). Adding the necessary storage capacity, NEO will be able to manage them as a unified and flexible source able to:[alertbox3]• Participate to the ancillary services market;
• Alert about the differences between estimated production and actual one, thus avoiding energy losses;
• Reduce the renewable production peaks and mitigate the need for infrastructure expansion and enhancements.[/alertbox3]
NEO represents a completely new approach to the energy distribution. By aiming at the maximization of the value of the energy produced by unpredictable renewable sources (photovoltaic, wind, etc), the project will lead important benefits for electricity systems and owners of the energy plants.