Energy market research firm Navigant Research has issued a new whitepaper analysing factors driving utility adoption of energy cloud services.
The report highlights challenges faced by utilities in building energy cloud platforms and the benefits of digitising operations.
The whitepaper Energy Cloud 4.0 discusses the role played by new business models in ensuring energy firms embrace the value created by distributed, clean, intelligent and mobile energy resources.
The new business models include transactive energy, DER aggregation, solar PV installations in line with geographic location, customer needs and regulatory requirements.
Recommendations provided in the whitepaper to help energy providers in building resilient energy cloud platforms include:
- Assess organisational abilities
- Ensure the platform incorporates agile features and functionality
- Align the platform with long-term strategic objectives
- Integrate the platform with legacy IT infrastructure
- Create a long-term partner ecosystem
Stuart Ravens, principal research analyst with Navigant, said: “While many recognise the need for an Energy Cloud platform, few have a complete understanding of what this means in practice.
“Utilities lacking a coherent platform strategy risk being left behind and missing out on the new revenue opportunities the Energy Cloud offers.”