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Ford Media Center
DEARBORN, Mich., Jan. 10, 2023 – On Tuesday, Ford announced the formation of the Virtual Power Plant Partnership (VP3), a coalition led by the Rocky Mountain Institute (RMI) aimed to scale the market for virtual power plants to help advance affordable, reliable electric sector decarbonization and support grid resiliency.
VP3 includes founding members Ford, General Motors, Google Nest, OhmConnect, Olivine, SPAN, SunPower, Sunrun, SwitchDin, and Virtual Peaker.
"Electric vehicles are introducing entirely new opportunities for consumers and businesses alike, creating a greater need for sustainable energy solutions to responsibly power our connected lifestyles," said Bill Crider, head of global charging and energy services, Ford Motor Company. "Supporting grid stability through the introduction of technologies like Intelligent Backup Power is central to Ford's strategy, and collaborating to advance virtual power plants will be another important step to ensure a smooth transition to an EV lifestyle."
The full press release from RMI can be found here.
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Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, as well as connected services. Additionally, Ford is establishing leadership positions in mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 176,000 people worldwide. More information about the company, its products and Ford Credit is available at corporate.ford.com.