By 2030, customer investment in distributed energy resources (DERs) is expected to increase tenfold to over $2 trillion, nearly three times greater than today’s global utility investment in generation, transmission, and distribution assets. That number doesn’t even include global smart meter deployments, whose market penetration is forecast to reach 59% by 2028, up from 41% (780 million) today.
Grid operators—including vertically integrated utilities, distribution system operators (DSOs), and transmission system operators (TSOs)—will need to scale processes for asset registration, pre-qualification, dispatch, and settlement for these millions (and eventually, billions) of DERs, including rooftop solar, storage, building controls, smart appliances, and electric vehicles.
Digital solutions like our EW Flex software development toolkit can help grid operators tap into the vast and growing pool of customer-owned and -sited assets, while enabling customers to improve the economics of DER ownership via increased participation in a variety of wholesale energy markets and/or demand-side management programs.
The Energy Web is accelerating a low-carbon, customer-centric electricity system by unleashing the potential of open-source, decentralized, digital technologies.
We're proud to partner with @IFFunic at @UNIC_ENG to fund a PhD / doctoral ... studentship focused on advancing #blockchain research and implementation. https://medium.com/energy-web-insights/energy-web-endows-phd-doctoral-studentship-at-university-of-nicosia-to-advance-blockchain-9a6e3a29191
Congratulations to @Third_Deriv and #EnergyWeb cofounder @RockyMtnInst on your ... big launch today! Exciting to see such investment in #climatetech #innovation. We're with you, doing our part with #opensource #decentralized #digital tech to accelerate a low-carbon energy future. 🙌
#energy sector #digitalization "is allowing a new business ecosystem to ... emerge...and ultimately increased participation in the electric system ... [including] balancing services through battery storage & [DERs], electric vehicle charging services." https://www.greentechmedia.com/articles/read/grid-edge-innovation-summit-2020-ibms-brad-gammons-on-utility-digitalization-in-the-age-of-decarbonization
Coming up shortly! Don't miss #EnergyWeb chief commercial officer @ja_morris ... speaking about technology and innovation at the @INNOVATIONTX. https://www.eventbrite.com/e/energizing-north-america-opportunities-for-a-clean-energy-transition-tickets-128433525131
Don't miss our own @ivlacho speaking at @Eurelectric's #Digitopia event later ... this week!
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https://www.eurelectric.org/events/digitopia-where-electricity-meets-data/
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