Virtual power plant operator Voltus and energy firm Octopus Energy will partner to aggregate residential flexibility across four major power markets-PJM, Midcontinent Independent System Operator (MISO), New York, and California-to offer Flexibility-as-a-Service (FaaS) and Bring Your Own Capacity (BYOC) solutions. The effort will help data centers, utilities, and grid operators manage accelerating AI-driven load growth," [...]The post Flexibility-as-a-Service' Gains U.S. Foothold with New Voltus-Octopus Partnership appeared first on POWER Magazine.

Global Infrastructure Partners (GIP), a part of investment giant BlackRock following its acquisition in 2024, has led a $250 million upsizing of Budderfly's debt facility, bringing the total facility to $550 million and boosting the Shelton, Connecticut-based Energy-as-a-Service (EaaS) company's cumulative capital base well past $1 billion. The transaction, announced on March 25, also includes [...]The post BlackRock's Infrastructure Arm Leads $250 Million Bet on Commercial Building Efficiency as a Grid Asset appeared first on POWER Magazine.