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11:15 | 06.12.2017
Navigant Research Report Finds Global Annual Revenue for Demand Response for Renewables Integration is Expected to Reach $1.3 Billion in 2026

A new report from Navigant
Research examines the global market for demand response for
renewables integration (DRRI), providing an analysis of market issues
and forecasts for capacity and revenue, broken out by segment and
region, through 2026.

Maintaining the electricity grid’s balance of supply and demand is
essential to preserve system reliability. DRRI solutions can help
maintain system balance by increasing or decreasing customer loads based
on renewables output, while also supplying flexible capacity resources
to meet specific renewable balancing needs, like ancillary services. Click
to tweet: According to a new report from @NavigantRSRCH,
global annual revenue for demand response for renewables integration is
expected to grow from $132.1 million in 2017 to $1.3 billion in 2026.

“Increasing penetration of intermittent renewable generation on the grid
raises the risk of supply-demand imbalance, so grid operators will
increasingly turn to DRRI as one resource to maintain system balance,”
says Brett Feldman, principal research analyst with Navigant Research.
“Based on advancements in demand response technology and utility
willingness to try new means of renewable balancing, DRRI is set to
become a bigger piece of the flexibility investment picture.”

According to the report, several factors point to an increasing focus on
DRRI that addresses both the direct and indirect effects of renewables
on the grid and end-use customers. These include an increasing share of
renewable energy resources in the energy supply mix, demand response’s
ability to serve as an ancillary service, and its ability to leverage
dynamic pricing, which addresses the impacts of intermittent renewables
through indirect financial incentives to customers.

The report, Demand
Response for Renewables Integration, examines the global DRRI
market, focusing on both C&I and residential market participants. The
study provides an analysis of the market issues, including drivers and
barriers, associated with DRRI solutions. Global market forecasts for
capacity and revenue, broken out by segment and region, extend through
2026. The report also examines the key global trends related to DRRI
solutions and provides case studies of DR programs or markets that can
help address renewables integration. 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, Demand Response for Renewables Integration, 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171206005097/en/


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