In Utah, Soleil Lofts signed a first-of-its-kind deal with Rocky Mountain Power, which can tap the batteries as a power source. This arrangement helps the utility save generating costs while helping the developer save money, according to the Wasatch Group, the Utah developer that built and manages the apartments.Wasatch executives see the virtual power plant as proof that batteries are a smart investment for building owners.“The V.P.P. provides an income stream and makes this a more attractive property to rent,” said Ryan Peterson, president of Wasatch Guaranty Capital, the firm’s real estate and investment unit. “ …
