Methods, systems, and computer program products for providing energy elasticity services via distributed virtual batteries are provided herein. A computer-implemented method includes grouping virtual energy storage resources from a distributed collection of virtual energy storage systems; partitioning the virtual energy storage resources of each virtual energy storage system into (i) a sub-set of the virtual energy storage resources allocated for participation in one or more local energy markets and (ii) a sub-set of the virtual energy storage resources allocated for participation in one or more geographically-distributed energy markets; scheduling, based at least in part on the grouping and the partitioning, an allocation of at least a portion of the virtual energy storage resources from the distributed collection of virtual energy storage systems to one or more geographically-distributed energy markets; and outputting the scheduled allocation to the distributed collection of multiple virtual energy storage systems.