Navigant Research Report Positions Australia as an Incubator, Laboratory for Distributed Energy Resources Opportunities
Reliability, flexibility, and cost concerns around the nation’s
power infrastructure are rapidly pushing DER innovation forward
BOULDER, Colo.–(BUSINESS WIRE)–#Australia–A new report from Navigant
Research examines Australia as an ideal environment to capitalize on
distributed energy resources (DER) integration technologies and
strategies.
While Australia is often perceived as an isolated energy market, recent
developments are steering industry focus its way. Power outages,
wholesale and retail price spikes, and among the highest penetrations of
distributed solar PV in the world are laying the groundwork for energy
innovation in Australia, especially when it comes to DER integration. Click
to tweet: According to a new report from @NavigantRSRCH,
Australia has become an incubator and a laboratory where DER
opportunities ranging from remote microgrids to virtual power plants
(VPPs) to transactive energy (TE) can be tested and validated.
“Blackouts and skyrocketing retail power prices in 2017 have created the
perfect storm in Australia for quick answers to reliability,
flexibility, and cost containment,” says Peter Asmus, research director
with Navigant Research. “If there is one place in the world where the
promises of DER can be validated sooner rather than later, for both
prosumers and consumers, that place is Australia.”
According to the report, the discussion in Australia boils down to the
business case behind customers remaining with the grid network,
contrasted with the impulse to abandon the grid. If implemented right,
DER integration solutions offer the benefits of resiliency, reliability,
and participation in what has been described as the electron commons,
sharing the economic and environmental benefit embedded in clean energy
assets.
The report, Capitalizing
On Integrated DER in Australia, discusses why Australia is an
ideal environment for DER integration technologies and strategies. The
study also examines how these solutions offer revenue opportunities with
wide-ranging applications for global markets today and how some
Australian vendors are leading the charge. It explores the prospects
provided by Australia’s DER integration initiatives, including advanced
remote microgrids, prosumer-based VPPs, and cutting-edge TE options such
as blockchain, and how they will affect utilities, private technology
vendors, and consumers. 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.
About Navigant
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, Capitalizing On Integrated DER in Australia, 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.
Contacts
Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]
