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“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:
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.”
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