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.
For @greentechmedia squared members: Learn more about some of the challenges to ... widespread #DER adoption and grid-integration and how they're being handled.
Have you had a chance to read about all that's new in #EWDOS? Learn more about ... the latest updates and improvements here:
For us, #blockchain met #IoT in the #energy sector when we partnered w/ ... @VodafoneIoT to better connect distributed assets with the grid. But it's interesting to see what that same technology pair is achieving in other areas like food safety. @Cointelegraph https://cointelegraph.com/consulting/vechain/when-blockchain-meets-iot-ensuring-food-safety-in-the-2020s?utm_source=cointelegraph&utm_medium=banner&utm_campaign=ctc_report_vechain&utm_content=main-page-desktop
Electric #utilities have a responsibility to #actonclimate, and do so quickly. ... We applaud all the #EnergyWeb member utilities who have chosen to support the tech-driven transition to #cleanpower.
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