Chip is MKL02Z16VFM4
Hello,
Very low power modes (e.g. VLPS) can be used on Kinetis derivatives but you must allow these very low power modes in the CPU component (these modes have CPU clock frequencies restrictions). The detailed instructions (how to set the CPU and very low power modes) are described in the document Operation modes in Processor Expert, see https://community.freescale.com/docs/DOC-102163
Best Regards,
Marek Neuzil