Navigant Research has released a new report which explores the global transactive energy market through 2028.
According to the report, the market will grow by 153% through 2028, to reach $7.9 billion in revenue generation.
The main factor driving the market growth is the need by grid operators to manage volatility caused by high concentrations of distributed energy resources on the main grid.
According to the report:
- Strong growth is currently still curtailed by regulatory restrictions.
- The transactive energy market is 4 years old now.
- A handful of vendors are emerging as leading players, active in multiple markets worldwide.
- Many startups had plans to launch a transactive energy platform since 2016, however, the majority of them failed to secure any or more than a single project.
Roberto Rodriguez Labastida, a senior research analyst with Navigant Research, said: “Understanding the various strengths and difficulties the TE market faces will enable utilities and energy companies to elevate data-driven services for customers.
“TE is shifting from true peer-to-peer trading to innovative use of consumption and production data to better engage customers.”
Click here for more information about the report.