Market Research Report
DER Creates Onsite Energy Opportunities for Manufacturers
|Published by||Guidehouse Insights (formerly Navigant Research)||Product code||919342|
|Published||Content info||21 Pages; 3 Tables, Charts & Figures
Delivery time: 1-2 business days
|DER Creates Onsite Energy Opportunities for Manufacturers|
|Published: December 19, 2019||Content info: 21 Pages; 3 Tables, Charts & Figures||
Industrial-scale manufacturers are responsible for 40% of total energy consumption worldwide. As countries in all global regions achieve industrialization status, the manufacturing industry has an opportunity to reshape its relationship with energy through enhanced onsite energy management. The falling costs of distributed energy resources (DER) technologies, evolving financing mechanisms, and new business models are making improved onsite energy management feasible for industrial manufacturers looking to save on utility bills and achieve sustainability goals.
Technologies from onsite generation, energy storage, and fleet electrification technologies can pair with more traditionally implemented energy efficiency and demand response (DR) participation to add new value to manufacturing sites. Manufacturers that reduce emissions are more likely to remain attractive to the customers they supply by helping to reduce supply chain emissions. In addition, physical assets onsite allow manufacturers to demonstrate sustainability leadership. Direct financial benefits through new rebates and tax incentives, market revenue, and utility bill savings are also available.
This ‘Strategy Insight’ report from Navigant Research, a Guidehouse company, explores the drivers for managing large manufacturing energy loads onsite. The report contextualizes energy management decisions within a broader sustainability and clean energy procurement context. It compares a variety of DER to identify the values these technologies bring to the manufacturing vertical. The report also provides corporate energy managers and DER solutions providers with direction as to how to approach developing onsite energy strategies that derive greater value for industrial manufacturers.