A new study conducted on the global market for grid edge computing and distributed intelligence forecasts revenue generation within the segment to reach $6.5 billion by 2027.
The report defines grid edge as the segment between distribution substation and a network of distributed energy resources, including assets on both the utility supply and customer demand side of the meter.
An increase in rollout of distributed energy resources is expected to escalate the need for intelligence, control and flexibility in the distribution grid.
To date, the market has been characterised by utility efforts to address challenges caused by distribution grid asset failures, renewables intermittency, shifting loads, capacity constraints, and bidirectional power flows.
Michael Hartnack, research analyst with Navigant, said: “Digitisation technologies and strategies are pervasive in the grid and distributed intelligence is being pushed further out on the grid than ever before.
“In the long term, grid edge intelligence and automation will enable the proactive development of markets for aggregated clean resources and services; reliable, efficient, and self-healing power delivery networks; and end-to-end integrated grid management strategies.”