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North American utilities should be mindful of future competition

A new report from shows Energy Cloud investments made by global utilities now exceed those in the traditional utility value chain.

As utility investments shift from traditional large-scale generation toward distributed renewables, energy services, or software to manage distributed energy resources (DER) in the Energy Cloud, there is an increasing pressure on the industry to innovate. : According to a new report from , European utilities lead the charge in Energy Cloud investments in 2016 and 2017.

“Energy Cloud investments are exceeding in the traditional value chain, with much of the activity being driven by utilities headquartered in Europe,” says Stuart Ravens, principal research analyst with Navigant. “With increased investments related to new technologies and DER, the pressure to innovate is a strategic imperative for utilities to succeed in the future.”

According to the report, to prepare for Navigant’s vision of the Energy Cloud , utilities, stakeholders, and vendors must innovate technologically. In addition, North American utilities should plan to compete with Europe and others and steer away from known obstacles in the innovation process.

This Navigant Research report, , examines utility investment activity, with a focus on preparing for a competitive future. The study compares the number of Energy Cloud and traditional investments made by utilities and examines why Energy Cloud investments now exceed those in the traditional utility value chain. It also provides detailed recommendations on how the utility industry can create an environment in which innovation can thrive. An Executive Summary of the report is available for free download on the .

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, Implementing Innovation Strategies for Utilities, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: European Energy Industry Leads the Charge in...

Utilities and service providers must be proactive in developing future-proof fiber network strategies

A new report from examines the revenue streams that private fiber optic networks can offer utilities and how smart grid networks and applications can be optimized.

As the energy economy shifts to a more distributed, competitive model, utility investment in fiber optic networks is growing. Smart grid investments and applications will be optimized due to access to high capacity fiber networks, and there will be many opportunities for new revenue generation. : According to a new report from , fiber optic networking through a utility’s territory is a strategic imperative for long-term success.

“Utilities that make calculated investments in fiber optic networking today, as well as tactical partnerships across and around their operating territories, stand to be well-positioned as the energy economy shifts to a more distributed, competitive model,” says Richelle Elberg, principal research analyst with Navigant Research. “Utilities can use their existing infrastructure and rights of way to economically deploy fiber capacity and capitalize on it via wholesale leasing or even retail broadband service offerings.”

According to the report, utilities should not rule out fiber networks based on cost alone. Instead, Navigant Research recommends utilities be proactive in developing a future-proof, fiber networking strategy by forming partnerships with neighboring utilities or telephone companies, considering a retail broadband strategy, and preparing for competition from incumbent providers.

This Navigant Research report, , provides an overview of why utilities should carefully consider building a private fiber network—or leasing local capacity—despite its relatively high costs. It describes the multiple revenue streams that a private fiber network can enable and how smart grid networks and applications can be optimized. Cost estimates for various types of installations are provided. The report also describes the utelco business model and includes case studies of various utility fiber projects. Finally, recommendations for utilities evaluating fiber optic networks and their use cases are included. An Executive Summary of the report is available for free download on the .

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, Building the Fiber Backbone for Utility Needs Today and Tomorrow, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: Navigant Research Report Shows Adopting a Fiber...

Navigant Research identifies several key technologies for grid edge computing and distributed intelligence

A new report from examines the chief market drivers and barriers, as well as the regional and global trends, affecting the deployment of grid edge computing solutions.

As distributed energy resources (DER) spread, so does the growing need for intelligence, control, and flexibility in the distribution grid. This is magnified at the grid edge, where many new disruptive resources and their associated load dynamics are located. The grid edge is defined as the segment of the grid between the distribution substation and a DER network including assets on both the utility supply and customer demand side of the meter. : According to a new report from , the global market for grid edge computing and distributed intelligence is expected to reach $6.5 billion by 2027.

“Digitization technologies and strategies are pervasive in the grid, and distributed intelligence is being pushed further out on the grid than ever before,” says Michael Hartnack, research analyst with Navigant. “In the long term, grid edge intelligence and automation will enable the proactive development of markets for aggregated clean resources and services; reliable, efficient, and self-healing power delivery networks; and end-to-end integrated grid management strategies.”

According to the report, most current and past utility efforts have been largely reactive, focused on issues caused by distribution grid asset failures, renewables intermittency, shifting loads, capacity constraints, and bidirectional power flows. The report identifies and discusses the most important developments in grid edge computing technology poised to lead the grid edge into the future, including advanced metering infrastructure, distribution automation, Volt/VAR optimization, smart inverters, and DER integration.

This report, , defines the technologies and strategies being deployed at the grid edge. The study examines the chief market drivers and barriers, as well as the regional and global trends, affecting the deployment of grid edge computing solutions. Global market forecasts, segmented by category, technology, and region, extend through 2027. The report also provides an overview of grid edge computing applications and the key industry players. An Executive Summary of the report is available for free download on the . 

Contact: Stefanie Bradtner

+49.221.270.70.142

 

* The information contained in this press release concerning the report, Edge Computing and Distributed Intelligence for Grid Operations, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: Global Market for Grid Edge Computing and...

A utility’s digital transformation must maximize the value in the Energy Cloud

A new report from examines the drivers for Energy Cloud platforms, the issues that utilities may face when building platforms, the benefits of digital transformations and agile platforms, as well as the importance of new business models that enable utilities to embrace the new value created by distributed energy resources (DER).

In Navigant’s , the discussed how Energy Cloud platforms will support the business models required by a clean, intelligent, mobile, and distributed energy system. The transition to a network orchestrator model shifts utilities’ attention to new business models including transactive energy, DER aggregation, solar PV installations, and more, based on geographic location, customer needs, and regulatory requirements. : new report from outlines the drivers for Energy Cloud platforms and provides recommendations for utilities on creating an agile platform.

“While many recognize the need for an Energy Cloud platform, few have a complete understanding of what this means in practice,” says Stuart Ravens, principal research analyst with Navigant. “Utilities lacking a coherent platform strategy risk being left behind and missing out on the new revenue opportunities the Energy Cloud offers.”

According to the report, to maximize the value of the opportunities in the Energy Cloud platform, utilities must be agile in their digital transformations and able to change approaches to platform adoption. Navigant offers several recommendations to utilities building Energy Cloud platforms—assess organizational abilities, ensure the platform incorporates agile features and functionality, align the platform with long-term strategic objectives, integrate the platform with legacy IT infrastructure, and create a long-term partner ecosystem.

This Navigant Research report, , examines the drivers for Energy Cloud platforms and the issues that utilities may face when building a platform. The study explores the benefits of digital transformations and agile platforms, as well as the importance of new business models that enable utilities to embrace the new value created by DER. It also provides practical recommendations for utilities on how to create an agile Energy Cloud platform. An Executive Summary of the report is available for free download on the .

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, Creating an Agile Energy Cloud Platform, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: Navigant Research Report Outlines the Drivers...

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