Market Research Report
Optimizing DER Integration and Grid Management with DERMS and ADMS
|Published by||Guidehouse Insights (formerly Navigant Research)||Product code||731137|
|Published||Content info||20 Pages; 6 Tables, Charts & Figures
Delivery time: 1-2 business days
|Optimizing DER Integration and Grid Management with DERMS and ADMS|
|Published: October 23, 2018||Content info: 20 Pages; 6 Tables, Charts & Figures||
The global electric power industry is facing a fundamental shift from centralized generation toward a mix of distributed energy resources (DER) and smart grid solutions. This mix, known as the Energy Cloud, is challenging utilities that must manage and control an ever more complex electrical grid. Advanced software solutions are increasingly required for utilities to adjust to this changing landscape. While dozens of solutions are being explored by utilities, advanced distribution management systems (ADMSs) and DER management systems (DERMSs) are emerging as consensus winners in the Energy Cloud future.
As grid operators globally face new challenges, those charged with managing the grid are turning to sophisticated IT systems. The Energy Cloud breaks the existing linear value chain and causes significant disruption to energy suppliers and network managers. Navigant Research anticipates that distribution network operators will transform into distribution service orchestrators responsible for more than just network operations. New business models will require new IT infrastructure, which relies heavily on the analysis of huge volumes of data. Electric utilities will rely on the integration of existing ADMSs and DERMSs to effectively manage these changing business and network conditions. The global market for these management solutions is expected to grow across all markets as utilities look to improve operational efficiencies, reduce costs, and mitigate the disruptive impacts of DER.
This Navigant Research report examines the drivers behind ADMS and DERMS deployments and how these solutions enable the Energy Cloud transition. The study discusses evolving needs in the electric power industry today, explores new business models, and compares investments in ADMSs and DERMSs to those in other IT systems. It also explains why utility planning is critical for seamless deployments of ADMSs and DERMSs and provides recommendations for stakeholders on how to target this nascent market.