As the energy as a service market matures, it is expected to give rise to the outsourcing of energy portfolios and turnkey vendors
A new report from Navigant Research analyzes the global market for the deployment of turnkey energy as a service (EaaS) solutions. The report focuses on EaaS for large commercial and industrial (C&I) customers, providing global market forecasts, segmented by region, application, and deployment model, through 2026.
As the electric power industry experiences a fundamental shift from centralized generation to a more decentralized grid, C&I energy and sustainability managers are looking to EaaS solutions to meet their evolving needs. While still in its early stages, the EaaS market consists of third-party vendors, utility services companies, and potential business model disruptors deploying niche technical, financing, or procurement solutions such as solar PV power purchase agreements, energy services performance contracts, and deregulated electricity market retail brokerage services. Click to tweet: According to a new report from @NavigantRSRCH, the annual global market for the deployment of C&I EaaS is expected to reach $221.1 billion by 2026.
“The rise of distributed energy resources and utility business model disruption is giving utility customers new choices in how they reduce their energy use, greenhouse gas emissions, energy spend, and risk,” says William Tokash, senior research analyst with Navigant Research. “Financing innovation is expected to sit at the heart of this business model shift and ultimately facilitate the delivery of new customer choice options.”
According to the report, as the EaaS market matures, it is expected to give rise to the outsourcing of energy portfolios and turnkey vendors equipped with a comprehensive set of technical, financing, and deployment model options.
The report, Energy as a Service, analyzes the global market for the deployment of turnkey EaaS focused primarily on large Fortune 500 equivalent C&I customers. The study provides an analysis of the market issues, including drivers, barriers, and regional and global trends, associated with EaaS offerings and deployment models. Global market forecasts, segmented by region, application, and deployment model, extend through 2026. The report also examines the key applications related to EaaS, as well as the vendor landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Energy as a Service, 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.