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Limejump gets all clear to chase Big Six in UK grid balancing market

UK regulator Ofgem has granted Limejump permission to participate in the Balancing Mechanism Market (BMM), using its distributed Virtual Power Plant (VPP). This will be the first aggregated system to compete here, going up against conventional power generation assets with a VPP, assembled from multiple smaller generation systems working as one. The BMM is worth around £1bn annually, and typically consists of the ‘Big Six’ energy suppliers and some other larger platers. Limejump is hoping to use its system to create an aggregated VPP, via incentivizing owners of solar panels, batteries, or even wind turbines, to join the Limejump platform. That model lets Limejump act like a conventional generation firm, even though it is radically different. “This move means that…

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