Global revenue for grid edge technologies for distributed energy resources integration is expected to total $120.3 billion from 2015 to 2024, according to a recent report from Navigant Research.
A recent report from Navigant Research analyzes the global market for grid edge monitoring and control technologies in light of the proliferation of distributed energy resources.
Utilities the world over are facing unprecedented challenges and opportunities as distributed energy penetration increases along different points of the distribution grid, particularly at the edge. While utility efforts to date have largely been reactive, in the longer term, grid edge intelligence and automation for distributed energy is expected to spur the development of markets for clean energy resources and services.
“So far, North America, Europe, and Asia Pacific have seen the most penetration of distributed renewables and other resources creating disruptive loads,” says Lauren Callaway, research analyst with Navigant Research. “However, differing grid infrastructures, regulatory goals, and access to technology have led market trends to develop differently in different regions.”
The growing penetration of distributed energy threatens distribution grid stability, greatly complicates the grid management process for utilities, and will influence future utility upgrade needs, according to the report. The structure of the existing distribution grid adds to this problem, primarily due to the lack of intelligence available at the grid edge; greater visibility and control of these factors will be necessary as distributed energy installations increase.