According to Navigant Research, the installed capacity of the global distributed energy market will increase from 136.4 GW in 2015 to 530.7 GW in 2024.
Mackinnon Lawrence, senior research director at Navigant Research, said: "With the dramatic growth of the distributed energy market, there is no doubt that solar photovoltaic technology, energy storage, and demand response will force unprecedented restructuring of grid architecture and utility business models."
In the next ten years, the deployment of distributed energy in most countries will exceed centralized power generation, especially solar photovoltaic power generation, generating units and energy storage.
The deployment of distributed energy resources has gradually emerged on a global scale. It has brought significant impact to the power and utilities industry and even caused controversy. The rapid development of distributed energy has gradually transformed the power industry from the traditional centralized and one-way power grid structure to the integration of small-scale power resources.
The overall goal of deploying distributed energy is to effectively integrate these resources and improve the efficiency, flexibility, cost-effectiveness, and sustainability of the power grid. In a number of markets, distributed energy deployment is challenging the current grid operating model, requiring a more dynamic network, highly communicative and coordinated, and ensuring stability, efficiency, and quality.
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