TOKYO -- Toshiba will, as early as 2022, enter the virtual power plant business -- a means of managing renewable energy facilities and operating them like a single large power plant.
The move comes as Japan plans to shift from its current above-market feed-In tariff aimed at encouraging green power to one that more closely reflects market prices. Toshiba aims to store the renewable electricity in batteries, selling at higher prices in the wholesale market. It believes this will help power producers reduce their risk and accelerate the introduction of renewable energy.
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