Monday December 3, 2018 0 comments
BOULDER -- Electric utilities will rely on the integration of existing advanced distribution management systems (ADMSs) and distributed energy resource management systems (DERMSs) to effectively manage changing business and network conditions, according to a new report from Navigant Research.
The report explores how ADMSs and DERMSs are enabling the Energy Cloud transition.
The report notes that 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, which must manage and control an ever more complex electrical grid.
“While dozens of solutions are being explored by utilities, ADMSs and DERMSs are emerging as consensus winners in the Energy Cloud future,” said Michael Kelly, Navigant research analyst.
“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.”
For ADMS and DERMS vendors, Navigant Research said it recommends focusing on flexibility, functionality, and interoperability. In addition, developing integration expertise, enabling modularity, and creating standardized product delineation can foster competition going forward.
The report, Optimizing DER Integration and Grid Management with DERMS and ADMS, 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.
An Executive Summary of the report is available for free download on the Navigant website.