Corporate sustainability initiatives have become prominent, public-facing components of Fortune Global 500 and large company business plans. Driven by the desire to reduce the negative environmental impacts of their businesses while optimizing onsite energy management, companies are exploring a variety of onsite DER technologies as mechanisms to optimize facilities’ energy use. Click to tweet: According to a new report from @NavigantRSRCH, companies are taking different approaches to using onsite energy technologies such as generation, storage, electric vehicles, and participation in demand side management (DSM) programs.
“By integrating onsite DER, companies are able to improve customer relationships, use energy efficient technologies, and drive the global clean energy transformation,” says Jessie Mehrhoff, research analyst with Navigant Research. “This practice is expected to be adopted by leading companies across major industry sectors in an effort to increase energy cost savings and achieve corporate sustainability targets.”
For stakeholders interested in implementing onsite distributed energy strategies, Navigant Research recommends vendors and corporations work together to employ emerging data streams to design strategic onsite DER deployments. Companies should use technology-agnostic platforms to build onsite DER portfolios in a modular fashion, and must consider grid integration to stack the value of multiple DER technologies. Facilities and energy managers can also explore financing mechanisms to boost ROI.
The report, Implementing Corporate Onsite Distributed Energy Strategies, explores the current landscape of corporate onsite DER deployments. The report analyzes the context of corporate DER deployments including goals for energy optimization, benefits and challenges associated with deployment, varying needs across industries, and DER as a tool for success in climate-focused legislative and regulatory landscapes. This study provides recommendations for solutions providers and energy managers looking to deploy DER technologies at corporate facilities over the coming decade. 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 clean, intelligent, mobile, and distributed energy. 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, Implementing Corporate Onsite Distributed Energy Strategies, 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.