Yahoo Finance Energy Grid Modernization: Info-Tech Research Group Outlines the Impact of DERMS on Sustainable Utility Operations
Info-Tech Research Group's comprehensive blueprint offers utility leaders a detailed approach to integrating distributed energy resource management systems (DERMS). The research and advisory firm's resource will enable utilities to effectively address the complexities of a rapidly changing energy ecosystem while optimizing grid performance and reliability.
TORONTO, May 20, 2024 /CNW/ - As the energy sector faces growing demands for sustainability and efficiency, utilities are increasingly turning to distributed energy resource management systems (DERMS) to navigate these challenges effectively. The rapid increase in distributed energy resources (DERs) emphasizes the need for a paradigm shift and more sophisticated grid management systems to accommodate this growing complexity. Addressing this pressing issue, Info-Tech Research Group has published its latest research, Fast-Track Your DERMS Business Case, a detailed blueprint that guides utility leaders in justifying and implementing DERMS. This essential research will support the industry in maintaining grid stability, enhancing energy reliability, and ensuring a seamless transition to more distributed energy models.
"The world has embraced a shift from a centralized energy supply toward DER, a vital response to the rising consumer demand for energy," says Jing Wu, principal research director at Info-Tech Research Group. "DERs have also become an integral component of nations' net-zero pathways. However, the diverse nature of DERs, with their unique characteristics and impacts on the grid, presents a set of challenges for utilities to manage."
Info-Tech's industry research highlights that utility leaders face significant hurdles in justifying the adoption of DERMS within their organizations. The blueprint outlines the dual challenges of demonstrating the broad benefits that DERMS offers for aligning with the rapidly evolving energy landscape as well as grasping how these systems can integrate seamlessly into existing grid infrastructures. However, given the quick pace of changes in the energy sector and regulatory frameworks, utilities can no longer afford to overlook the need for an intelligent DERMS solution. The firm suggests that expediting business case development efforts for DERMS can empower leaders to make faster, more informed decisions, thereby ensuring grid modernization and stability.
"As the penetration of DER reaches certain critical levels, existing systems and processes become insufficient for handling the growing number of interconnection requests," explains Wu. "This fundamental paradigm shift highlights the complexity of gird management to ensure reliability and stability. DERMS provide intelligence, flexibility, and processing power, empowering system operators and engineers to enhance decision-making."
The firm advises that utility leaders should adopt a holistic and efficient approach in crafting a robust DERMS business strategy. Through exploration of DERMS case studies and business scenarios, utility leaders can better understand factors that shape an effective business strategy. In its newly published blueprint, Info-Tech outlines the following framework for utility leaders to consider when building a DERMS business case:
Vision and strategy alignment
Ensure the DERMS implementation aligns with the organization's vision and strategic goals, highlighting its crucial role in achieving future objectives.
Roadmap to close the gap
Evaluate the current state and identify pain points that could hinder reaching strategic goals, detailing how the proposed architecture will bridge these gaps.
Impact on the organization
Identify the internal stakeholders and processes that will be impacted and provide a comprehensive cost-benefit analysis to strengthen the business case.
Pragmatic steps to ensure success
Outline a strategic plan for a successful DERMS rollout, pinpointing potential risks and strategies to mitigate any barriers to success.
The integration of DERMS not only accelerates interconnection impact analysis and commissioning processes but also contributes significantly to the evolving energy landscape by meeting the urgent needs of today's energy sector.
As detailed in Info-Tech's comprehensive blueprint, the implementation of DERMS helps utility leaders navigate the complexities of distributed energy resources, ensuring smoother transitions and integration into existing grid infrastructures. This transition is critical for maintaining grid stability and enhancing energy reliability. By effectively reducing application timelines and improving operational efficiencies, DERMS can lead to lower energy costs for consumers, making a compelling case for their adoption in a more sustainable and efficient energy future.
For exclusive and timely commentary from Jing Wu, an expert in the utility technology market, and access to the complete Fast-Track Your DERMS Business Case blueprint, please contact pr@infotech.com.
Info-Tech LIVE 2024
Registration is now open for Info-Tech Research Group's annual IT conference, Info-Tech LIVE 2024, taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas. This premier event offers journalists, podcasters, and media influencers access to exclusive content, the latest IT research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to attend the event or to gain access to research and expert insights on trending topics, please contact pr@infotech.com.
About Info-Tech Research Group
Info-Tech Research Group is one of the world's leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.
To learn more about Info-Tech's divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.
Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm's Media Insiders program. To gain access, contact pr@infotech.com.
For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.
View original content to download multimedia:https://www.prnewswire.com/news-releases/energy-grid-modernization-info-tech-research-group-outlines-the-impact-of-derms-on-sustainable-utility-operations-302149838.html
SOURCE Info-Tech Research Group
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/20/c0868.html
