Energy Transition – PART 2
How Distributed Energy Resources Change Business Operations
A Hansen POV Paper
ENERGY TRANSITION – PART 2
How Distributed Energy Resources Change Business OperationsDOWNLOAD NOW
Distributed Energy Resources (DER) is big and growing, affecting significant alteration to the heretofore slow-moving energy industry. The increase in DER is the result of the rapid shift from a system characterised by large, centralised resources with one-way flows of energy and information to an advanced grid market with distributed, decentralised, decarbonised resources with two-way flows of energy and information.
Download our exclusive paper to find out more about how DER is influencing the energy industry today but also forcing energy companies to make fundamental changes in business operations.
You’ll learn about:
- The underlying process of the energy transition
- Why full-scale DER adoption is taking so long
- How to prepare for the full impact of DER
Complete the form to receive THIS exclusive PAPER
WHY YOU SHOULD DOWNLOAD
The increased focus on renewables and local production fundamentally changes how we produce, trade, store and use electricity. All of us are experiencing this right now and we call it the Energy Transition. As a definition, the Energy Transition is a shift from a system characterised by large, centralised resources with one-way flows of energy and information, to an advanced grid market with distributed, decentralised, decarbonised resources with two-way flows of energy and information.
The increase in Distributed Energy Resources (DER) is the result of this. Digital technologies have been supporting and enabling energy systems for decades, but today we are finding a greater pace of adoption.
Millions of EVs, solar panels and other DERs will equate to millions of batteries that will be integrated into the grid system. Inevitably, building and upgrading the grid will continue to be a solution, given the need to replace ageing assets and further electrification of heat and transport. It’s useful to remember that we are still at the early stages of what can be done with data and analytics. The smart grid will never be fully in place but will continue to get smarter as the market and technology evolves.
According to a recent study by Frost & Sullivan, nearly one trillion USD is expected to be invested in DER capacity from 2020 to 2030, as the energy sector continues to transition to a more decarbonised and flexible system. This investment will be driven by favourable regulations, declining project and technology costs, high electricity demand, availability of funding, and new financing models that offset initial investment barriers.
Right now, DER is growing, however there are a number of barriers to DER achieving a truly influential position in the industry.
In this paper, we will examine how DER influence the energy industry of today and tomorrow. Energy companies are experiencing fundamental changes in business operations due to this constantly developing market environment.
ENERGY TRANSITION – PART 3
Priorities for Change: Hansen Solutions for The Energy Transition
Download our exclusive paper as Hansen provides its view on the priorities for change, in the context of the energy transition, and how that is realised in the Hansen Create-Deliver-Engage Suite for Energy and Utilities.