12X GROWTH IN 10 YEARS FOR DEMAND RESPONSE TECH
Automated Demand Response: OpenADR, Commercial & Industrial ADR, Residential ADR, and DR Management Systems: Global Market Analysis and Forecasts
1Q 2014 (Navigant Research)
“Demand response (DR) is becoming a growing part of the resource base that electric system operators rely on to maintain reliability on the grid…Automated demand response (ADR) describes a system that automates the DR dispatch process, from the grid operator to the DR aggregator (if involved) to the end-use customer – all without any manual intervention…As coal and nuclear plants are retired, clean replacements are needed…[and] as large-scale intermittent renewable resources like wind and solar power fill in this gap, they require backup solutions…ADR is a viable alternative in both the commercial and industrial (C&I) and residential sectors and can provide more reliable and faster responding DR as a bonus. Navigant Research forecasts that global spending on ADR will grow from $13 million in 2014 to more than $185 million in 2023…” click here for more
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