Distributed energy resource management
(DERMS) is the management of distribution grid which is integrated with
distributed energy resources (DERs). In order to tackle the current challenges
related to distribution grid, electric utilities need new set of tools to
manage highly penetrated DERs. These tools are a combination of different
hardware and software that are integrated together in order to manage these
resources properly. DERMS is a module which manages the DERs and traditional
distribution assets such as capacitor banks, voltage regulators, and tap
changers. This management system increases the grid reliability and performance
of the DERs by significantly reducing the voltage excursions and maintain
higher network stability.
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Industry
Highlights
The global Distributed Energy Resource
management market is set to witness significant growth due to increasing share
of renewable power generation as well as growing government mandates and
updated policies. For instance, substantial amount of capital has been invested
in solar, energy storage, and customer energy management by almost 42 electric
utilities. By building a strong portfolio of DER companies, electric utilities
are exploring the potential value of DERs and their ability to increase
customer engagement. Moreover, the modern grid is facing lot of evolutionary
changes with regards to the adoption of more and more distributed energy
resources. Increasing dependence on renewable energy resources is resulting
into increasing complexity in the grid network. In order to minimize this
complexity, electric utility operators are focusing on adopting a foolproof
system which would help to manage these Many major companies around the globe
are focusing on updating their offering with adding DERMS.
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Market
Segmentation
Global distributed energy resource
management market has been segmented based on technology, software, end-user,
and region. Based on technology, the market has been classified into solar PV,
wind, combined heat & power, and others. Wind segment dominates the market
as many offshore turbines are being installed for catering to increasing energy
demand. Moreover, wind energy in Europe will witness a growth of an average of
16.5 GW per year till 2022. Every large turbine would contribute to drive this
growth with 4 MW+ and 8 MW+ now becoming the new norm in onshore as well as
offshore wind respectively.
Key
Players
The key players of global Distributed
Energy Resource management market are ABB Ltd, Autogrid Systems, Inc., Siemens
AG, General Electric, Open Access Technology International, Inc., Spirae, Inc.,
Schneider Electric, Enbala Power Networks, Inc., Doosan Gridtech, Inc, Blue
Pillar, Inc., and Enernoc, Inc., among others.
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