Utilities Will Rely on Advanced IT Systems for Distribution Management and Distributed Energy Resources Management
The global market for these solutions is expected to grow across regions as utilities look to improve operational efficiencies, reduce costs, and mitigate disruption
A new report from Navigant Research explores how advanced distribution management systems (ADMSs) and distributed energy resources management systems (DERMSs) are enabling the Energy Cloud transition.
The global electric power industry is facing a fundamental shift from centralized generation toward a mix of distributed energy resources (DER) and smart grid solutions. This mix, known as the Energy Cloud, is challenging utilities, which must manage and control an ever more complex electrical grid. Click to tweet: According to a new report from @NavigantRSRCH, electric utilities will rely on the integration of existing ADMSs and DERMSs to effectively manage changing business and network conditions.
“While dozens of solutions are being explored by utilities, ADMSs and DERMSs are emerging as consensus winners in the Energy Cloud future,” says Michael Kelly, research analyst with Navigant Research. “The global market for these management solutions is expected to grow across all markets as utilities look to improve operational efficiencies, reduce costs, and mitigate the disruptive impacts of DER.”
For ADMS and DERMS vendors, Navigant Research recommends focusing on flexibility, functionality, and interoperability. In addition, developing integration expertise, enabling modularity, and creating standardized product delineation can foster competition going forward.
The report, Optimizing DER Integration and Grid Management with DERMS and ADMS, examines the drivers behind ADMS and DERMS deployments and how these solutions enable the Energy Cloud transition. The study discusses evolving needs in the electric power industry today, explores new business models, and compares investments in ADMSs and DERMSs to those in other IT systems. It also explains why utility planning is critical for seamless deployments of ADMSs and DERMSs and provides recommendations for stakeholders on how to target this nascent market. 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, Optimizing DER Integration and Grid Management with DERMS and ADMS, 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.