Smart Cities are Driving Change Across the Energy Sector, According to Navigant Research
BOULDER, Colo., Oct. 17, 2014 — A new white paper from Navigant Research examines the critical issues facing cities and utilities as they develop energy policies suited for the 21st century.
Cities are a focal point for some of the most profound economic, environmental, social, and technological issues facing the world today. There is increasing demand to move to cleaner and more efficient energy resources to meet the demands of an urban population that will expand by 2.4 billion people during the next 35 years. According to a new white paper from Navigant Research, the spread of smart city technologies and policies, developed in response to the rapid growth and change happening in cities around the world, is helping to drive sweeping and fundamental changes in the energy landscape.
“Cities around the world are recognizing the importance of – and the opportunities offered by – changes in energy infrastructure and energy markets,” says Eric Woods, research director with Navigant Research. “In addition to being the focus of extensive smart grid pilots, cities are becoming increasingly proactive in terms of the targets they are setting for their utilities to shift from fossil fuel to renewable energy, and are encouraging local generation on both the residential and commercial level.”
Support for renewable generation by city authorities places increased pressure on utilities to deliver an infrastructure that can integrate these new resources in a manageable way, according to the white paper. Grid reinforcement is often required to support the integration of large amounts of renewable energy, but this can be offset by the wider use of smart technologies – smart grids – for both network management and demand management initiatives, such as automated demand response.
The white paper, “Smart Cities and the Energy Cloud,” examines the critical issues facing cities and utilities as they develop the energy policies needed both today, and in the future. The emerging vision is of smart cities that integrate large and small-scale energy initiatives ranging from improvements in national infrastructure through citywide energy efficiency programs to local energy generation. 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 Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found atwww.navigantresearch.com.
Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Enhanced by senior level engagement with clients, Navigant professionals provide services that extend from expert and advisory work through implementation and outsourcing. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries including Construction, Energy, Financial Services and Healthcare. More information about Navigant can be found at navigant.com.