Over the past five years, the utility industry has faced unprecedented technological disruptions brought on by Energy IoT. A plethora of new, grid-connected devices have formed complex IoT networks featuring a variety of energy assets such as smart meters, sensors and even street lights. But what makes these systems “smart’”? It is the data that drives them.
The energy environment behind the meter is becoming increasingly complex. According to the U.S. Energy Information Administration (EIA), the United States has more than 12 million distributed generation units, representing about one-sixth of the capacity of the nation’s existing centralized power plants. Navigant Research expects global DER capacity to grow up to five times faster than new central station generation over the next five years.
Distributed energy resources (DERs) are mushrooming, particularly in the commercial and industrial (C&I) sector. Consider this: Between 2011 and 2015, distributed generation in the U.S. C&I sector increased by 400 percent, according to the U.S. Energy Information Administration. This growth represents a significant opportunity for energy and technology providers. Navigant Research says, “a new landscape is emerging in which a more sophisticated two-way grid of networked DERs is emerging which will pave the way for an Energy Cloud ecosystem valued at $1.3 trillion in new annual industry revenue by 2030.”
Last week was an exciting one for Blue Pillar. It was our first year attending the Platts Global Energy Awards gala on Wall Street in New York City where we learned that we had won the coveted Grid Edge Award from a field of prestigious and innovative finalists. We are particularly excited about this award not just because of what it means for us as a company, but because of what it says about the current transformation happening within the energy industry at the edge of the grid.