- Industries
- Back
- Banking & Financial Services
- Communications
- Consumer-goods
- Education
- Energy & Utilities
- Healthcare
- Information Services
- Insurance
- Life Sciences
- Manufacturing
- Media & Entertainment
- Retail
- Technology
- Transportation-logistics
- Travel & Hospitality
COGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More
- Services
- Back
-
Working to reshape business models, modernize products and enhance customer experiences to drive growth.
Learn More -
Reinventing and managing your most essential business processes with new ways of working.
Learn More -
Simplifying, modernizing and securing the IT infrastructure and applications that are the backbone of your business.
Learn More -
COGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More
-
Latest Thinking
-
Our Media & Publications
- All Latest Thinking
- Perspectives
- Cognizanti Journal
- Digitally Cognizant Blog
- Cognizant Podcasts
- Browse Case Studies
-
Key Themes
- Blockchain
- Artificial Intelligence
- When Machines Do Everything
- World Economic Forum 2018—Davos
- Code Halos
-
Center for the Future of Work
- Explore the Future of Work
- Digital Workforce of the Future
- The Work Ahead
- Business Value of Trust
- 21 Jobs of the Future
-
-
- About
- Industries
-
COGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More
-
- Services
-
Working to reshape business models, modernize products and enhance customer experiences to drive growth.
Learn More
Simplifying, modernizing and securing the IT infrastructure and applications that are the backbone of your business.
Learn MoreCOGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More
-
- Latest Thinking
- About
Smart Energy Decisions, US: Cognizant’s Vice President & Global Delivery Head, Energy & Utilities Discusses the Impact of Local Energy Marketplaces on Corporate Energy Management
 |
“The disruption of the energy industry by prosumers and new competition is underway,” writes Ganesh Kalyanaraman. “To remain key players, leading utilities will deliver new service offerings and ideas such as LEMs to corporate energy managers.” Excerpts:
“Have you considered whether your captive power generation may be to the power industry what spare bedrooms are to Airbnb and car-sharing is to Lyft? Distributed energy resources—power generated by businesses and homeowners, usually via renewables—may prove highly disruptive to traditional utilities. That disruption, which is in its early days, may generate income and reduce energy costs for your organization.
One development to watch for is the rise of the local energy marketplace (LEM). A LEM is a localized mini-grid of businesses, institution, and homes generating, storing and selling power. Here are other LEM-driven developments to watch for:
- Utility-backed LEMs. While a utility isn’t likely to be threatened by a single solar-equipped home generating 3 kW to 5 kW, 100,000 customers generating a total of 500,000 kW becomes significant.
- Data-sharing with utilities. . Sensors and analytics will help utilities aggregate home and business power generation into their grids and monitor and analyze power use at granular levels.
- Being green. Many utilities could use power from LEMs to help them meet local regulatory quotas for green power generation.
LEMs are still largely uncharted territory. However, LEM participation should be a win for corporations, providing an avenue for income from captive power generation, power use forecasts and insights and another source of green power.”
Click here to read more.
