Voltus, Inc. together with Resideo Technologies announced the expansion of their residential smart thermostat demand response program offering to approximately 10 million Commonwealth Edison (ComEd) customers across the state of Illinois in the region served by the PJM Interconnection (PJM), along with over 1 million PSEG Long Island (PSEG-LI) customers served by NYISO. U.S. electricity demand is expected to reach record highs, growing by 4.1 trillion kWh by 2025 (EEI 2023). VPPs offer a reliable, sustainable, and cost-effective solution to grid operators to help meet this growing demand.

According to the Department of Energy (DOE) Liftoff Report (Sept. 2023), tripling VPP capacity could address 10-20% of this growing peak demand. The DOE Report also notes that deploying 80-160 GW of VPP capacity could avoid approximately $10 Billion in annual grid costs by 2030.

Much of the savings delivered by VPPs is returned to the participating commercial, industrial, and residential consumers.