Navigant Research forecasts revenue generation in the distributed generation resources (DER) management solutions market to rise from $194.3m in 2016 to $2.1bn in 2025Increased efforts by utilities to optimise grid-DER interoperability to ensure simplified management and operation of DERs, is expected to drive the global DER management technology market.
Utilities are expected to invest heavily in technologies to manage their DER portfolio to ensure they have adequate power to meet heavy demands during peak periods and when energy generation from solar and wind is low.
The global energy market research firm projects the adoption of DERs including distributed generation, energy storage, microgrids, EVs and demand response to triple between 2016 and 2025.
In a press statement, the US-based research firm states it forecasts the global DER capacity to rise from 124GW in 2016 to 373GW in 2025.
The increase in DER adoption will be driven by efforts to ensure grid reliability at the same time reducing carbon emissions. [PG&E deploys energy storage in DER pilot].
A decrease in costs of DERs and increase in implementation of policies supporting adoption of DERs are also factors supporting increased uptake of DERs by utilities.
R&D and DER tech
Continued efforts to increase investments in research, development and implementation of new smart grid technologies will result in the emergence and an increase in usage of new DER management technologies.
In mid-November, the US Department of Energy (DoE) and Israel’s Ministry of National Infrastructure, Energy and Water Resources announce $4 million in clean energy funding.
The $4 million smart energy funding will be provided to five clean energy projects in Israel and the US, under the Binational Industrial Research and Development (BIRD) Energy project.
BIRD is a programme that was developed in 2009 to improve research, development and implementation of clean energy solutions including energy efficiency, renewable energy and grid cyber security technologies in Israel and the US.
The BIRD programme falls under the US-Israel Energy Dialogue and aims to help the two countries meet national, regional and international carbon emission reduction targets. Read more...