As investments in renewable energy accelerate, there is
growing recognition of the unrealized potential and untapped value
of DER
BOULDER,
Colo., July 25, 2024 /PRNewswire/ -- A new
report from Guidehouse Insights examines distributed energy
resources (DER) analytics across three main technology categories:
DER monitoring analytics (solar and storage performance
monitoring), utility analytics, and EV planning.
As investments in renewable energy accelerate across the globe,
there is growing recognition of the unrealized potential and
untapped value underlying behind-the-meter (BTM) DER assets.
According to a new report from Guidehouse Insights, global DER
analytics software and services spending is expected to grow from
$3.8 billion in 2024 to $16.7 billion in 2033 at a compound annual growth
rate (CAGR) of 17.7%.
"As investment in this software and technology increases, the
main question for utilities is how to determine where DER are being
implemented behind the meter, whether rooftop solar, storage, or EV
chargers," says Francesco Radicati,
senior research analyst with Guidehouse Insights. "Using data
generated by AMI 2.0 infrastructure or by home energy management
reports, software vendors are able to identify usage patterns that
indicate an EV charger or rooftop photovoltaic array has been
installed and let the utility design demand side management
programs or tariffs to encourage charging at off-peak hours, to
preserve grid assets and prevent overloading the grid."
The true value of DER analytics comes from its multidirectional
nature: homeowners benefit from increased energy awareness and
affordability, utilities benefit from enhanced situational
awareness and peak demand management, and asset owners benefit from
greater bankability and performance. However, vendors and utilities
must contend with data privacy laws, such as the European Union's
General Data Protection Regulation, which are becoming more common,
according to the report.
The report, Holistic DER Analytics, covers the three main
branches of holistic DER analytics: DER monitoring analytics in
both residential and commercial and industrial settings, utility
analytics, and EV planning. Based on interviews with industry
stakeholders, it discusses relevant trends in each technology
category and presents revenue analyses for all world regions. An
executive summary of the report is available for free download on
the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the
dedicated market intelligence arm of Guidehouse, provides research,
data, and benchmarking services for today's rapidly changing and
highly regulated industries. Our insights are built on in-depth
analysis of global clean technology markets. The team's research
methodology combines supply-side industry analysis, end-user
primary research, and demand assessment, paired with a deep
examination of technology trends, to provide a comprehensive view
of emerging resilient infrastructure systems. Additional
information about Guidehouse Insights can be found at
www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global
provider of consulting services to the public sector and commercial
markets, with broad capabilities in management, technology, and
risk consulting. By combining our public and private sector
expertise, we help clients address their most complex challenges
and navigate significant regulatory pressures focusing on
transformational change, business resiliency, and technology-driven
innovation. Across a range of advisory, consulting, outsourcing,
and digital services, we create scalable, innovative solutions that
help our clients outwit complexity and position them for future
growth and success. The company has more than 16,000 professionals
in over 55 locations globally. Guidehouse is led by seasoned
professionals with proven and diverse expertise in traditional and
emerging technologies, markets, and agenda-setting issues driving
national and global economies. For more information, please visit
www.guidehouse.com.
* The information contained in this press release concerning
the report, Holistic DER Analytics, is a
summary and reflects the current expectations of Guidehouse
Insights 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 Guidehouse Insights nor Guidehouse undertakes any
obligation to update any of the information contained in this press
release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse
Insights
+1.646.941.9139
cfradkin@scprgroup.com
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SOURCE Guidehouse Insights