Navigant Predicts a $1.3 Trillion Market Opportunity Across the Energy Cloud Ecosystem by 2030
August 25 2016 - 08:30AM
Business Wire
A more agile strategic planning approach is needed to help
utilities navigate disruption and position for long-term success,
white paper finds
Today, Navigant released Navigating the Energy Transformation,
the latest installment in the company’s Energy Cloud analysis. The
paper examines the energy industry’s landscape and provides
stakeholders with a blueprint—the Energy Cloud Playbook—to
proactively prepare for and navigate disruption and position for
long-term success.
Changing customer needs, evolving policy and regulation, and
accelerating innovation around distributed energy resources (DER)
are driving historic transformation across the energy industry,
contributing to an emerging grid known as the Energy Cloud that is
cleaner, more distributed, and intelligent. Navigating the Energy
Transformation details the developments and technologies that
comprise the Energy Cloud while evaluating shifting revenue across
the value chain, as well as the implications for incumbent players
and new market entrants.
“Energy industry players must be more flexible and responsive to
shifting priorities than ever before, and it is imperative for
utilities to engage in a more agile strategic planning process,”
says Jan Vrins, Navigant Energy segment leader. “While not all
pathways to navigate this transformation will be appropriate for
all players across all markets, those that acknowledge the
complexity of the challenge ahead will have an advantage.”
Key findings include:
- Revenue across the electric value chain
will shift downstream toward the edge of the grid, and digital
innovation is expected to represent a $1.3 trillion market
opportunity in 2030.
- The most critical part of the Energy
Cloud transition is balancing ongoing investments in the core grid
with additional dynamic platforms that support new technologies,
products, and services such as integrated DER (iDER), customer
energy management, smart cities and transportation, the Internet of
Things (IoT), and transactive energy.
- As the network orchestrators, utilities
play a key role in making sure new technologies and offerings are
integrated with existing infrastructure and operations so that the
full value of distributed energy is captured while the impact of
stranded assets is understood and managed.
- Existing planning horizons and tools,
such as strategic plans and integrated resource plans, are
insufficient. A more agile strategic planning approach is needed to
pinpoint the trends, opportunities, and threats, and to introduce
new technologies and business models successfully to address market
and customer needs.
Ongoing digitization efforts are laying the foundation for
dynamic platforms that recombine technologies and services, moving
beyond organizational siloes. From iDER, to smart cities, to
building-to-grid, these platforms provide abundant opportunities
for growth. With limited capital, however, and, in many cases,
facing divergent investment choices, utilities and other
stakeholders must choose a strategic pathway to navigate a new
course and sustain long-term growth, according to the white paper.
Navigant’s Energy Cloud Playbook outlines five steps industry
participants should follow to prepare their organizations to face
disruption and capture value in the Energy Cloud.
“By blending traditional assets, services, and interactions, and
unlocking many new technologies, business models, and
relationships, the emerging Energy Cloud will redefine market
structures and traditional stakeholder relationships,” says
Mackinnon Lawrence, senior research director at Navigant Research.
“This rapidly unfolding landscape will require new strategies and
approaches to both current and emerging industry realities.”
For additional information and the latest thinking from
Navigant’s Energy segment, click here.
About Navigant
Navigant Consulting, Inc. (NYSE: NCI) 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.
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Aaron MilesNavigant Investor Relations312.583.5820orMegan
MaupinNavigant Corporate Communications312.583.5703
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