A new report released by Navigant Research identifies the possibilities on how advanced distribution management systems (ADMSs) and distributed energy resources management systems (DERMSs) will empower the Energy Cloud transition.
The electric power industry worldwide is experiencing a transition toward a mix of distributed energy resources and smart grid solution. This mix is popularly know as the Energy Cloud.
According to Market Watch: Michael Kelly, research analyst with Navigant Research, said: “While dozens of solutions are being explored by utilities, ADMSs and DERMSs are emerging as consensus winners in the Energy Cloud future.”
“The global market for these management solutions is expected to grow across all markets as utilities look to improve operational efficiencies, reduce costs, and mitigate the disruptive impacts of DER.”