Business benefits for innovators of the building-to-grid platform include lower costs and sustained profits, making for a stronger bottom line and new revenue streams
A new report from Navigant Research examines the global market for commercial and industrial (C&I) building-to-grid (B2G) integration, analyzing the use cases, opportunities, and challenges associated with deploying the technology in the Energy Cloud.
The intelligent building represents a paradigm shift for businesses via the integration of facilities management and IT, which unifies strategy, investment, and decision-making. B2G takes this concept further by creating a cohesive approach for data-driven optimization of systems inside the walls of the facility and across campuses, including onsite distributed energy resources (DER). Click to tweet: According to a new report from @NavigantRSRCH, global revenue for C&I B2G integration is expected to grow from $1.3 billion in 2017 to $28.8 billion in 2026.
“The door is open for a market orchestrator—a sort of captain at the helm of a new platform or framework for transactions tied to energy supply and demand,” says Casey Talon, principal research analyst at Navigant Research. “For regulated utilities, B2G can threaten existing customer relationships and business models. For technology providers and other third parties, B2G is an avenue for customer acquisition and new business development.”
Business benefits for innovators of the B2G platform include lower costs and sustained profits for a stronger bottom line and new revenue streams for top line growth for the three key constituent groups: utilities/energy providers, technology vendors, and building owner/operators. According to the repot, B2G also represents an opportunity for major C&I building constituents to address their need to transform legacy business models to stay relevant in a rapidly evolving technology marketplace.
The report, Building-to-Grid Integration, analyzes the global market for B2G integration in three key segments: smart grid IT, building optimization, and DER controls and optimization. The report provides an analysis of the market issues, including use cases, opportunities, and challenges, associated with the development of the B2G platform in the Energy Cloud. Global market forecasts for revenue, broken out by segment and region, extend through 2026. The study also examines the enabling technologies related to B2G, as well as the standard business models. 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, Building-to-Grid Integration, 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.