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Technology Advancements Enabling Prosumerism in Energy Sector

  • Report
  • 42 Pages
  • April 2021
  • Region: Global
  • Frost & Sullivan
  • ID: 5324101

Distributed Energy Resources alongside Smart Analytics and Energy Storage to Boost Energy Optimization

Smart grid modernizations have led to the development of remunerative programs that encourage consumers to optimize their energy consumption in response to penalties, pricing signals, or curtailment requests. The potential flexibility being infused by the programs have rendered consumer’s energy load and onsite generation capabilities to be considered as a critical factors and resource for grid balancing.

Smart grids have infused a paradigm shift toward active energy distribution and have significantly transformed the role of a consumer alongside communities, enabling “passive” users to act as “active” participants - both as consumers and producers. The smartest and viable part of the grid, however, is not the technological integration, but rather the human tendencies: the “prosumer” or “prosumerism.”

A prosumer is a consecutive power producer and consumer. Consumers transform into potential prosumers through the integration of an energy generation unit including a solar panel within their premises. Increasing number of institutions, households, and businesses setting up renewable energy systems has led to the structuring of a socio-technical distribution system.

The research study highlights the key characteristics of prosumers in terms of consumer needs, goals, preferences, alongside the technical demands of a durable and sustainable power supply mechanism.

The study covers the following:

  • Importance of Prosumerism as a concept in today’s smart grid
  • Key Roles and Features of Smart Grid Components Within Prosumerism
  • Digital technologies transforming inspection landscape
  • Companies to Action: Innovations and key stakeholders
  • Patent landscape
  • Growth opportunities

Table of Contents

1.0 Strategic Imperatives
1.1 Why Is It Increasingly Difficult to Grow? The Strategic Imperative 8: Factors Creating Pressure on Growth
1.2 The Strategic Imperative 8
1.3 The Impact of the Top Three Strategic Imperatives on The Energy Prosumerism Industry
1.4 Growth Opportunities Fuel the Growth Pipeline Engine
1.5 Research Process & Methodology
1.5 Research Process and Methodology (continued)
2.0 Executive Summary
2.1 Energy Prosumerism: A State of Consecutive Energy Consumption & Production
2.2 Energy Prosumerism: Four Technological Areas to Fuel Global Adoption
2.2.1 Energy Management Network for Effective Consumption Profiles
2.2.2 Onsite Generation for Building a Green and Reliable Microgrid
2.2.3 Energy Storage for Super-charging the Microgrid
2.3 Key Roles and Features of Smart Grid Components Within Prosumerism
2.4 Evolution from Energy Consumer to Prosumer Infuses Financial, Environmental, Societal, and Operational Benefits
3.0 Companies to Action
3.1 Schneider Electric
3.1 EMS & EcoStruxure ADMS
3.2 Wuxi Suntech Power Co. Ltd.
3.2 Roof-top, BIPV, and Bifacial Solar Modules
3.3 Bloomenergy
3.3 Energy Server Platform
3.5 Leapfrog Power Inc.
3.5 Virtual Power Plant Solution
4.0 IP Landscape
4.1 APAC Has the Majority of Patent Publications
4.2 State Grid, Siemens, and ABB to Drive Patent Activities Worldwide
5.0 Growth Opportunity Universe: Energy Prosumerism
5.1 Growth Opportunity 1: R&D Investment for Technological Innovation, 2020
5.2 Growth Opportunity 2: Technology Convergence for Grid Resilience, 2020
5.3 Growth Opportunity 3: Technology Sourcing for System’s Integration, 2020
6.0 Key Contacts

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Bloomenergy
  • EMS & EcoStruxure ADMS
  • Energy Server Platform
  • Leapfrog Power Inc.
  • Roof-top, BIPV, and Bifacial Solar Modules
  • Schneider Electric
  • Virtual Power Plant Solution
  • Wuxi Suntech Power Co. Ltd.