BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research examines the drivers for Energy Cloud platforms, the issues that utilities may face when building platforms, the benefits of digital transformations and agile platforms, as well as the importance of new business models that enable utilities to embrace the new value created by distributed energy resources (DER).
In Navigant’s Energy Cloud 4.0 white paper, the company discussed how Energy Cloud platforms will support the business models required by a clean, intelligent, mobile, and distributed energy system. The transition to a network orchestrator model shifts utilities’ attention to new business models including transactive energy, DER aggregation, solar PV installations, and more, based on geographic location, customer needs, and regulatory requirements. Click to tweet: A new report from @NavigantRSRCH outlines the drivers for Energy Cloud platforms and provides recommendations for utilities on creating an agile platform.
“While many recognize the need for an Energy Cloud platform, few have a complete understanding of what this means in practice,” says Stuart Ravens, principal research analyst with Navigant. “Utilities lacking a coherent platform strategy risk being left behind and missing out on the new revenue opportunities the Energy Cloud offers.”
According to the report, to maximize the value of the opportunities in the Energy Cloud platform, utilities must be agile in their digital transformations and able to change approaches to platform adoption. Navigant offers several recommendations to utilities building Energy Cloud platforms—assess organizational abilities, ensure the platform incorporates agile features and functionality, align the platform with long-term strategic objectives, integrate the platform with legacy IT infrastructure, and create a long-term partner ecosystem.
This Navigant Research report, Creating an Agile Energy Cloud Platform, examines the drivers for Energy Cloud platforms and the issues that utilities may face when building a platform. The study explores the benefits of digital transformations and agile platforms, as well as the importance of new business models that enable utilities to embrace the new value created by DER. It also provides practical recommendations for utilities on how to create an agile Energy Cloud platform. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Creating an Agile Energy Cloud Platform, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.