Energy Cloud Platforms Unlocking New Business Value for Power Industry
March 15 2018 - 7:00AM
Business Wire
Highly disruptive technologies and rapidly changing customer
demands are shaping an Energy Cloud ecosystem expected to transform
the industry value chain and provide more value to stakeholders
Navigant (NYSE: NCI) today released Energy Cloud 4.0, a white
paper detailing how energy stakeholders can capture business value
through the emergence of dynamic, high-growth, customer-centric
platforms.
The energy sector is in the midst of a major global
transformation, fueled by efforts to decarbonize the economy and
address climate change, and a broad shift toward an increasingly
clean, distributed, intelligent, and mobile energy ecosystem.
According to the white paper, central to this transformation is the
Energy Cloud, a network of networks that leverages emerging
technologies and innovative business models to provide new customer
value in the form of energy and non-energy products and
services.
“Energy Cloud platforms sit at the confluence of rapidly
changing customer demands and highly disruptive technology,” says
Jan Vrins, managing director and leader of Navigant’s global Energy
practice. “These emerging Energy Cloud platforms have the potential
to scale faster and yield greater profit margins than the
traditional asset-focused and supply models that dominate the
industry today, and offer the potential to offset flat or declining
load growth.”
According to the white paper, seven key Energy Cloud platforms
can help today’s industry leaders capture customer and shareholder
value and accelerate the energy transformation: integrated
distributed energy resources (iDER), Transportation2Grid,
Building2Grid, Internet of Energy, Transactive Energy, Smart
Cities, and the Neural Grid.
Unlocking value beyond the electron, these Energy Cloud
platforms are expected to divert a growing share of revenue and
power flow away from centralized energy production and bulk
transmission. By leveraging innovative technologies, an increased
demand for new energy products and services, and viable business
models, these platforms will support a more sustainable, highly
digitized, and dynamic energy system, impacting all aspects of the
energy value chain.
To succeed in tomorrow’s Energy Cloud environment, the white
paper recommends energy companies and utilities prioritize these
objectives in the short term:
- Move rapidly to the energy systems of
the future — the time is now.
- Grasp market opportunities derived from
increasing consumer demand for new energy products and
services.
- Maximize the business benefits offered
by Energy Cloud platforms and the digitization of the energy
system.
“Energy companies and utilities need to be proactive in
responding to changing market pressures and increasingly agile in
adopting innovative new business models,” says Mackinnon Lawrence,
director at Navigant. “Although policy and regulatory reform is an
important driver of transformation, customer choice and technology
innovation are relentless instigators of disruption. These forces
are critical in understanding the Energy Cloud transformation.”
Navigant has been at the forefront of the Energy Cloud
transformation since developing its framework four years ago. Since
then, we have continued to evolve our perspective as the industry
transforms to help clients take advantage of new opportunities and
capture value. For more recommendations, download the full white
paper. Join the social media conversation through #EnergyCloud and
#FutureUtility.
With over 600 consultants, Navigant’s global Energy practice is
the largest energy management consulting team in the industry. We
collaborate with utilities, government and NGOs, industries and
large corporations, product manufacturers, investors, and oil &
gas companies to help them thrive in a rapidly changing energy
environment. Our clients include the world’s 50 largest electric,
water, and gas utilities; the 20 largest independent power
generators; and the 20 largest gas distribution and pipeline
companies. Navigant’s seasoned professionals and highly skilled
specialists form exceptional teams to help clients transform their
businesses, manage complexity and accelerate operational
performance, meet compliance requirements, and transform systems
and governance to address upcoming changes as the energy
transformation takes hold.
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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Kyle BlandNavigant Investor
Relations312.573.5624kyle.bland@navigant.comorBelia OrtegaNavigant
Corporate Communications312.583.2640belia.ortega@navigant.com
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