Australia Is Positioned As an Incubator, Laboratory for Distributed Energy Resources Opportunities
Reliability, flexibility, and cost concerns around the nation’s power infrastructure are rapidly pushing DER innovation forward
A new report from Navigant Research examines Australia as an ideal environment to capitalize on distributed energy resources (DER) integration technologies and strategies.
While Australia is often perceived as an isolated energy market, recent developments are steering industry focus its way. Power outages, wholesale and retail price spikes, and among the highest penetrations of distributed solar PV in the world are laying the groundwork for energy innovation in Australia, especially when it comes to DER integration. Click to tweet: According to a new report from @NavigantRSRCH, Australia has become an incubator and a laboratory where DER opportunities ranging from remote microgrids to virtual power plants (VPPs) to transactive energy (TE) can be tested and validated.
“Blackouts and skyrocketing retail power prices in 2017 have created the perfect storm in Australia for quick answers to reliability, flexibility, and cost containment,” says Peter Asmus, research director with Navigant Research. “If there is one place in the world where the promises of DER can be validated sooner rather than later, for both prosumers and consumers, that place is Australia.”
According to the report, the discussion in Australia boils down to the business case behind customers remaining with the grid network, contrasted with the impulse to abandon the grid. If implemented right, DER integration solutions offer the benefits of resiliency, reliability, and participation in what has been described as the electron commons, sharing the economic and environmental benefit embedded in clean energy assets.
The report, Capitalizing On Integrated DER in Australia, discusses why Australia is an ideal environment for DER integration technologies and strategies. The study also examines how these solutions offer revenue opportunities with wide-ranging applications for global markets today and how some Australian vendors are leading the charge. It explores the prospects provided by Australia’s DER integration initiatives, including advanced remote microgrids, prosumer-based VPPs, and cutting-edge TE options such as blockchain, and how they will affect utilities, private technology vendors, and consumers. 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, Capitalizing On Integrated DER in Australia, 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.