Sonal Patel, Power Magazine
The rapid growth of distributed energy resources (DERs) is spawning new financing models that could send growth for the fledgling sector soaring, upending the power sector at an even more breakneck pace.
Industry executives at Distributech 2018 in San Antonio, Texas, this week noted that several trends are driving the growth of DERs, which are smaller power sources that can be aggregated to provide power necessary to meet regular demand. Examples include distributed generation, energy storage facilities, virtual resources formed by aggregation of several power generating or energy sources, microgrids, and cogeneration.
According to Mark Feasel, vice president of Schneider Electric’s Utility and Smart Grid division, the power sector is experiencing a suite of megatrends that he terms “3Ds + E”—digitization, decarbonization, and decentralization plus more electrification, which will be driven by electric vehicles, infrastructure electrification, and rural electrification.