Energy Sector Illuminates with Technology Advancement and the Emergence of Prosumerism


In addition, energy storage is fast becoming an important part of prosumerism. The private storage behind the meter continues to grow rapidly, fueled by the value proposition of solar photovoltaics and batteries. Likewise, lowering energy costs by limiting power demand peaks and using monetization options are the most important driving forces behind the introduction of energy storage systems in the commercial and industrial (C&I) segment.

More information on this analysis can be found at: http://frost.ly/5ta

"Intelligent algorithms that can accurately track and predict energy demand ensure productivity and convenience for utilities and prosumers," said Shrinivas Tukdeo, TechVision Program Manager at Frost & Sullivan. "An automated approach to the management and control of generation, energy storage and consumption on site has enabled an effective optimization of the energy demand of residential buildings and C&I by establishing a bidirectional energy exchange and ensuring grid stability."

Tukdeo added, “Rapid digitization across the industry has enabled a shift from traditional business models to more advanced strategic go-to-market necessities. The restructuring of operations and an immediate response to technological improvements remain the most important factors required to optimize the business process. "

Developing a prosumer strategy requires a carefully designed and analyzed mechanism to ensure maximum return on investment. Industry participants should check the following for growth:

  • Investing in Research and Development (R&D) for Technological Innovation: Matching technological improvements with R&D mandates, consumer preferences and network requirements will be the main driver of business growth.
  • Technology convergence for the resilience of the network: Smart grid companies should work with energy analysis, smart component and sensor manufacturers in order to bundle their technological know-how and improve the portfolios of network control systems.
  • Technology Sourcing for Systems Integration: Obtain technology derivatives from major original equipment manufacturers (OEMs) to capitalize on their integrated supply chain, diverse consumer portfolio, and brand equity.

Technology Advancements Enabling Prosumerism in Energy Sector is the latest addition to Frost & Sullivan's TechVision research and analysis, available through the Frost & Sullivan Leadership Council, to help companies identify continued growth opportunities to thrive in an unpredictable future be.

About Frost & Sullivan

For six decades, Frost & Sullivan has been known worldwide for its role in helping investors, business leaders, and governments manage economic change and identify disruptive technologies, megatrends, new business models, and companies that lead to continued growth opportunities for future success . Contact us: start the discussion

Technological advances that enable prosumerism in the energy sector

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