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Corporate clean energy buying surged to new highs in 2018

960 640 Stuart O'Brien

Corporations purchased 13.4 gigawatts of clean power through long-term contracts globally last year, more than doubling 2017’s total, helped by demand from new industries and previously untrodden markets.

Research from BloombergNEF (BNEF) has highlighted a wave of smaller corporate energy buyers aggregating their purchases, and the first corporate clean energy power purchase agreements in markets such as Poland among catalysts for the growth.

In its 1H 2019 Corporate Energy Market Outlook, BNEF says the 13.4GW of clean energy contracts were signed by 121 corporations in 21 different countries in 2018. This was up from 6.1GW in 2017, and positions those companies alongside utilities as the biggest buyers of clean energy globally.

Jonas Rooze, head of corporate sustainability for BNEF, said: “Corporations have signed contracts to purchase over 32GW of clean power since 2008, an amount comparable to the generation capacity of the Netherlands, with 86% of this activity coming since 2015 and more than 40% in 2018 alone.”

More than 60% of the global activity in 2018 occurred in the U.S., where companies signed PPAs to purchase 8.5GW of clean energy, nearly triple the amount signed in 2017.

Facebook spearheaded a contingent of experienced U.S. corporate energy buyers, purchasing over 2.6GW of renewables globally in 2018, primarily with utilities in regulated U.S. markets through programs known as green tariffs. This was three times that of the next biggest corporate energy buyer, AT&T.

Kyle Harrison, a corporate sustainability analyst for BNEF and lead author of the report, said: “The aggregation model has heralded in a new generation of corporate clean energy buyers. These companies no longer need to tackle the complexities of clean energy procurement alone. They can share risks associated with credit and energy market volatility with their peers.”

In the Europe, Middle East and Africa (EMEA) region, corporations also purchased record volumes of clean energy, inking deals for 2.3GW and doubling the 1.1GW signed in 2017. The Nordics were once again the hot spot for activity, with companies attracted to strong wind resources and credit support from government bodies.

Aluminium producers Norsk Hydro and Alcoa Corp purchased the most clean energy in Europe in 2018, but the region also saw activity from multinational technology companies such as Facebook, Amazon and Alphabet subsidiary Google.

Several European countries that saw little or no corporate procurement activity in 2017 enjoyed a rise in interest in 2018. Companies signed PPAs for the first time in Poland, and just the second time in Denmark and Finland. There were also new deals signed in the U.K., following a lull after the expiration of a national subsidy program. Several requests for proposals and changes in policy suggest burgeoning new markets in Germany and France as well.

In the Asia-Pacific (APAC) region, still a nascent market for corporate procurement, companies signed a record 2GW of clean energy PPAs, more than the previous two years combined. Nearly all of this activity occurred in India and Australia, with roughly 1.3GW and 0.7GW of clean energy purchased, respectively. Both markets allow companies to buy clean energy at a large scale through offsite PPAs, making them rarities for the region.

Demand still far outstrips supply in the rest of APAC, although recent changes in several markets suggests a major spike in activity is on the horizon. Offsite corporate PPA mechanisms are now available in nine provinces in China, and the imminent passing of a renewable portfolio standard will give over 30,000 large commercial and industrial companies renewable electricity targets. In Japan, the country’s third non-fossil certificate auction saw corporations purchase 21TWh, tripling the combined activity in the first two auctions. Thirteen companies in Japan have also established 100 renewable electricity targets, more than the rest of APAC combined.

Energy management software market to see ‘massive’ growth

960 640 Stuart O'Brien

The global energy management software market is expected to display higher growth over the next five years, according to new research.

A report from Radiant Insights says the rapid digitalisation of the energy and power generation sector is expected boost market demand for advanced solutions.

Globally, the market is predicted to generate ‘massive’ revenue over next seven years, providing numerous opportunities for market players to invest for research and development.

Increasing adoption of efficient and reliable information technology (IT) platforms that help organisations to monitor, control and optimise available resources, is anticipated to play vital role in future market growth.

In particular, the report says energy management software is gaining traction in sector such as power and manufacturing enterprises, telecom & IT sector and retail & offices sector, thus offering numerous growth opportunities for industry participates over the forecast period.

In addition, increasing commercialisation and development of innovative products alongside incorporation of SCADA systems are anticipated to steer market growth. Development of advanced technologies such as small signal analysis and CRAS, which are capable of enhancing overall energy efficiency of the systems, is anticipated to boost market demand over the next seven years.

Use of small signal analysis and CRAS helps to decrease carbon footprint, thus offer immense potential for market growth in the near future.

North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the power generation sector, increase in the number of research & development activities in the region, substantial need to limit power losses, and the existence of well-established industrial infrastructure.

The Asia-Pacific region is predicted to hold major market share in the energy management software market in the forecast period, with countries such as India, China and Singapore leading the way with rapid urbanisation, strong economic growth, rising energy demands, favorable government policies and significant investment by leading industry players.

Energy Management Systems expected to reach $113.5bn by 2023

960 640 Stuart O'Brien

The Energy Management Systems (EMS) market is expected to reach $113,476.9 million by 2023, with the major factors driving growth attributed to Government support and initiatives, fluctuation of electricity prices and continuing popularity and usage of EMS in building automation.

The increased need for proper implementation and integration of equipment associated with EMS in commercial and residential buildings globally has resulted in the service category expected to continue to hold the largest share in the EMS market according to the P&S report, with growth coming from increasing demand of building owners to control and monitor energy demand of premises and the continuing surge in awareness regarding energy management.

The report also found that software contributed the largest revenue share to the EMS market in 2017 at around 24% , attributed to the increase in end users purchasing software to help reduce energy costs, along with various software options available to track and reduce energy costs.

Geographically, North America is forecast to hold the largest share in the EMS market globally, with a surge in the areas predicted due to ongoing Government initiatives to help reduce the carbon  footprint.

Research has revealed that 35% of U.S. home owners were willing to adopt HVAC maintenance services with their electricity services, along with 25% who would be willing to include internet and electricity services together.

Extreme weather conditions, fluctuations in electrify rates, economic development and lack pf energy supply have also contributed to the rise of energy prices, with energy consumption expected to rise by 55% in the next 25 years, with developing counties such as India and China key to this consumption.

The report identifies leaders within the EMS market as Schneider Electric SE, Siemens AG, Honeywell International Inc and JohnsonControls International PLC, with Schneider Electric SE holding the largest market share.

Other companies adopting growth strategies within the market include Emerson Electric Co, IBM Corporation, Eaton Corporation PLC, Cisco Systems Inc and General Electric Company.

Energy management market hit $113bn by 2023

960 640 Stuart O'Brien

The energy management system market is expected to reach $113,476.9 million by 2023, according to a new report by P&S Intelligence.

Stringent government policies and regulations, favorable government support in the form of incentives, volatility of electricity prices, and rising adoption of EMS in building automation are the major factors driving market growth.

Based on offering, the Service category is expected to continue holding the larger share in the energy management system market in the coming years, owing to the growing need for the proper implementation and integration of the equipment associated with EMS in commercial and residential buildings, globally.

P&S says increasing demand of building owners to exercise total control over the EMS and monitor the energy demand of their premises and rising awareness regarding energy management are the key factors driving the growth of the Service category in the market.

Based on component, Software contributed the largest revenue, of around 24%, to the energy management system market in 2017, as P&S cites end users increasingly purchasing software to reduce energy costs, with market players are offering various kinds of software to track and reduce energy use in an efficient manner.

Globally, North America is expected to hold the largest share in the energy management system market during the forecast period. Rising energy costs and increasing initiatives by the government and various industrialists to reduce carbon footprint are expected to surge the demand for EMS solutions in the North American region.

According to a study by Parks Associates, in 2017, about 35% of the US home owners were willing to bundle HVAC maintenance services with their electricity services and approximately 25% were willing to bundle internet services with their electricity services, which, if implemented, would further support the adoption of the EMS in the region.