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Yahoo
3 days ago
- Business
- Yahoo
Guidehouse Research Explores Distributed Energy Resources Aggregation (DERA) Market Integration
New analysis outlines state of DERA market integration and next steps for implementation BOULDER, Colo. , Aug. 7, 2025 /PRNewswire/ -- A new report from Guidehouse Research explores distributed energy resources aggregation (DERA) market integration progress, projected growth, and steps to implement U.S. Federal Energy Regulatory Commission (FERC) Order 2222 of 2020. Since FERC Order 2222, the regional transmission organizations (RTOs) and independent system operators (ISOs) that control the wholesale electricity markets in the U.S. have made substantial progress in implementing DERA participation. However, according to a new report from Guidehouse Research, in navigating the complexities of FERC's market criteria, each RTO/ISO has refined its market concept in its own way, which presents a challenge for the DER industry to fully understand and adapt to the new DERA participation models. "FERC Order 2222 is intended to better enable aggregations of DER to participate in wholesale electricity markets, with the goal of boosting DER development and market participation to meet increased energy demand, ease congestion on the electric grid, and satisfy residential, commercial, and industrial customers,'" says Adam Stein, senior research analyst with Guidehouse Research. "DERA market plans involve many complex structures that have been highly debated among stakeholders, including RTOs/ISOs, FERC, DER developers and aggregators, renewable energy industry organizations, consumer nonprofits, local DUs, and transmission owners." According to the report, Guidehouse Research suggests: RTOs/ISOs should continually refine market protocols by revising tariffs, when necessary, to enhance DERA market participation and mitigate any market flaws or grid failures. Distribution utilities (DUs) should enhance existing programs and create new ones that compensate DER and DERAs at the retail level, so that DUs can directly benefit from the injected energy, grid services, and grid stability provided. DER developers and aggregators must thoroughly understand wholesale electricity market rules and DERA participation options to maximize DERA viability and grow business across the U.S. The report, FERC Order 2222: Implementation Is Progressing, but More Work Is Needed from Stakeholders, outlines the current status of DERA market integration across FERC-regulated RTOs/ISOs, projected nationwide growth, and the steps stakeholders must take to realize the full potential of FERC Order 2222. An executive summary of the report is available for free download on the Guidehouse Research website. About Guidehouse ResearchGuidehouse Research, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Research can be found at About GuidehouseGuidehouse is a global AI-led professional services firm delivering advisory, technology, and managed services to the commercial and government sectors. With an integrated business technology approach, Guidehouse drives efficiency and resilience in the healthcare, financial services, energy, infrastructure, and national security markets. Built to help clients across industries outwit complexity, the firm brings together approximately 18,000 professionals to achieve lasting impact and shape a meaningful future. * The information contained in this press release concerning the report, FERC Order 2222: Implementation Is Progressing, but More Work Is Needed from Stakeholders, is a summary and reflects the current expectations of Guidehouse Research based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Research nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report. For more information, contact: Cecile Fradkin for Guidehouse Research+1.646.941.9139cfradkin@ View original content to download multimedia: SOURCE Guidehouse Research Sign in to access your portfolio
Yahoo
4 days ago
- Automotive
- Yahoo
Guidehouse Research Estimates Global Market for Residential EV Chargers Will Grow to Nearly $75 Billion by 2033
Market drivers include increased adoption of EVs, government initiatives and technological advances BOULDER, Colo., Aug. 6, 2025 /PRNewswire/ -- A new report from Guidehouse Research explores the global market for residential EV chargers. Over the next 10 years, the market for residential EV chargers is expected to experience growth mirroring the EV adoption that manufacturers, governments, regulators, and the environmental community are encouraging. According to a new report from Guidehouse Research, the global value of the residential EV charging market is expected to grow at a compound annual growth rate (CAGR) of 21.2% to from $13.2 billion in 2024 to $74.7 billion in 2033. "As EV adoption continues to rise globally, more EV chargers must be installed in single-family and multifamily homes so that EV owners do not need to rely solely on public charging stations," says Bitania Yemane, research analyst with Guidehouse Research. "Smart charging features such as Wi-Fi connectivity and renewable energy integration are making chargers even more efficient and convenient for homeowners." A major part of EVs' widespread adoption is the implementation of public charging stations, which are essential for addressing the very real concerns about range anxiety that many potential EV customers cite as a market barrier. Other barriers to residential EV chargers include high costs for the charger and its installation, grid compatibility, and a residence's electrical system government incentives to promote these installations will drive the residential EV charging market forward into the next decade. To increase adoption, industry players must implement educational and outreach programs that improve customer awareness. They must also prioritize partnerships and collaboration efforts to bridge the gap between stakeholders, such as EV automakers and EV charger manufacturers, to address barriers like compatibility and consumers awareness, according to the report. The report, Residential EV Charging, focuses on the EV charger market, including the technology, EV owners' charging habits, market drivers and barriers, and the industry value chain. Global analyses for five geographic areas (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) cover the 10-year outlook period of 2024-2033. An executive summary of the report is available for free download on the Guidehouse Research website. About Guidehouse ResearchGuidehouse Research, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Research can be found at About GuidehouseGuidehouse is a global AI-led professional services firm delivering advisory, technology, and managed services to the commercial and government sectors. With an integrated business technology approach, Guidehouse drives efficiency and resilience in the healthcare, financial services, energy, infrastructure, and national security markets. Built to help clients across industries outwit complexity, the firm brings together approximately 18,000 professionals to achieve lasting impact and shape a meaningful future. * The information contained in this press release concerning the report, Residential EV Charging, is a summary and reflects the current expectations of Guidehouse Research based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Research nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report. For more information, contact: Cecile Fradkin for Guidehouse Research+1.646.941.9139cfradkin@ View original content to download multimedia: SOURCE Guidehouse Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
4 days ago
- Automotive
- Associated Press
Guidehouse Research Estimates Global Market for Residential EV Chargers Will Grow to Nearly $75 Billion by 2033
Market drivers include increased adoption of EVs, government initiatives and technological advances BOULDER, Colo., Aug. 6, 2025 /PRNewswire/ -- A new report from Guidehouse Research explores the global market for residential EV chargers. Over the next 10 years, the market for residential EV chargers is expected to experience growth mirroring the EV adoption that manufacturers, governments, regulators, and the environmental community are encouraging. According to a new report from Guidehouse Research, the global value of the residential EV charging market is expected to grow at a compound annual growth rate (CAGR) of 21.2% to from $13.2 billion in 2024 to $74.7 billion in 2033. 'As EV adoption continues to rise globally, more EV chargers must be installed in single-family and multifamily homes so that EV owners do not need to rely solely on public charging stations,' says Bitania Yemane, research analyst with Guidehouse Research. 'Smart charging features such as Wi-Fi connectivity and renewable energy integration are making chargers even more efficient and convenient for homeowners.' A major part of EVs' widespread adoption is the implementation of public charging stations, which are essential for addressing the very real concerns about range anxiety that many potential EV customers cite as a market barrier. Other barriers to residential EV chargers include high costs for the charger and its installation, grid compatibility, and a residence's electrical system government incentives to promote these installations will drive the residential EV charging market forward into the next decade. To increase adoption, industry players must implement educational and outreach programs that improve customer awareness. They must also prioritize partnerships and collaboration efforts to bridge the gap between stakeholders, such as EV automakers and EV charger manufacturers, to address barriers like compatibility and consumers awareness, according to the report. The report, Residential EV Charging, focuses on the EV charger market, including the technology, EV owners' charging habits, market drivers and barriers, and the industry value chain. Global analyses for five geographic areas (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) cover the 10-year outlook period of 2024-2033. An executive summary of the report is available for free download on the Guidehouse Research website. About Guidehouse Research Guidehouse Research, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Research can be found at About Guidehouse Guidehouse is a global AI-led professional services firm delivering advisory, technology, and managed services to the commercial and government sectors. With an integrated business technology approach, Guidehouse drives efficiency and resilience in the healthcare, financial services, energy, infrastructure, and national security markets. Built to help clients across industries outwit complexity, the firm brings together approximately 18,000 professionals to achieve lasting impact and shape a meaningful future. * The information contained in this press release concerning the report, Residential EV Charging, is a summary and reflects the current expectations of Guidehouse Research based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Research nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report. For more information, contact: Cecile Fradkin for Guidehouse Research +1.646.941.9139 [email protected] View original content to download multimedia: SOURCE Guidehouse Research
Associated Press
5 days ago
- Business
- Associated Press
Guidehouse Research Estimates Global Market for Distributed Energy Resources Will Grow to 7.6 Million GW by 2033
Strong DER policies can help create market growth and ensure the grid can meet future demand BOULDER, Colo., Aug. 5, 2025 /PRNewswire/ -- A new report from Guidehouse Research explores the global market for distributed energy resources (DER), small-scale technologies that when added to the traditional grid physically or virtually can make it work more efficiently. Faced with climate change and increases in energy demand, governments around the world are recognizing the importance of renewable energy and a connected, adaptive electrical grid that includes DER. According to a new report from Guidehouse Research, global DER capacity in all technologies will grow from 1.9 million GW in 2024 to 7.6 million GW by 2033 at a compound annual growth rate (CAGR) of 16.8%. 'As climate change accelerates, global energy demand rises, and oil and natural gas become scarcer, supplying electricity is increasingly difficult,' says Maya Smith, research analyst with Guidehouse Research. 'Consumers using DER can expand the grid's capacity while lowering their costs, and sometimes, they can even sell energy back to the grid. Although integrating DER into the grid so that they are sustainable and beneficial to all stakeholders is challenging, policy and regulation can help integration by reducing the financial burden of implementation.' Policy is an important market driver for DER. Acknowledging DER's different levels of value to the grid—regardless of how operators and technology are distributed—is critical when discussing policies intended to expand DER. In the traditional market, operators set prices for each provider. Now, some countries have decentralized their energy markets so that larger companies can connect DER to the grid in larger capacities. While this practice creates pricing flexibility, the complexities of selling energy back to the grid create issues for utilities, governments, and private entities, so pricing can be a barrier to DER, according to the report. The report, Distributed Energy Resources and Regulatory Policy, focuses on the importance of regulation and policy for DER expansion. It reviews market drivers and barriers and analyzes DER capacity and revenue by five global regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), nine technologies (bioenergy, DESS, EV charging, microturbines, NG gensets, solar, stationary fuel cells, thermal storage, and wind). An executive summary of the report is available for free download on the Guidehouse Research website. About Guidehouse Research Guidehouse Research, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Research can be found at About Guidehouse Guidehouse is a global AI-led professional services firm delivering advisory, technology, and managed services to the commercial and government sectors. With an integrated business technology approach, Guidehouse drives efficiency and resilience in the healthcare, financial services, energy, infrastructure, and national security markets. Built to help clients across industries outwit complexity, the firm brings together approximately 18,000 professionals to achieve lasting impact and shape a meaningful future. * The information contained in this press release concerning the report, Distributed Energy Resources and Regulatory Policy, is a summary and reflects the current expectations of Guidehouse Research based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Research nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report. For more information, contact: Cecile Fradkin for Guidehouse Research +1.646.941.9139 [email protected] View original content to download multimedia: SOURCE Guidehouse Research
Malaysian Reserve
30-07-2025
- Business
- Malaysian Reserve
Guidehouse Research Estimates Global Market for Industrial Electric Heating Will Grow to Over $30 Billion by 2033
Electrification of high temperature processes will be a key driver of industrial decarbonization BOULDER, Colo., July 30, 2025 /PRNewswire/ — A new report from Guidehouse Research examines the global market for electric heating capacity additions and equipment revenue for high temperature industrial processes. Approximately half of industrial heat demand is for thermal processes that operate at temperatures above 400°C. These processes typically occur in hard-to-abate sectors such as iron and steel, basic chemicals, cement and lime, nonferrous metals, and glass production, all of which rely on fossil fuel combustion to supply most of their thermal energy needs. According to a new report from Guidehouse Research, annual electric heating capacity additions for high temperature industrial processes are expected to increase globally from 4,136 MW in 2024 to 9,482 MW in 2033, rising at a compound annual growth rate (CAGR) of 9.7%. Revenue over the same period is expected to grow from $11.3 billion to $30.6 billion, representing a CAGR of 11.7%. 'Approaches to decarbonizing high temperature heat have often focused on combustion-based pathways such as carbon capture, hydrogen, or biomass,' says Peter Marrin, principal research analyst with Guidehouse Research. 'However, a growing body of evidence suggests that electrification of high temperature processes will be a key driver of industrial decarbonization. Beyond existing applications, pilot and demonstration projects in cement, chemicals, and other sectors have shown that technically, electrification could satisfy a much greater share of industrial heat demand than it does today.' Advantages of direct electrification for heavy industry include improvements to process efficiency, significant reductions in energy-related emissions when using low carbon electricity sources, and lower maintenance costs. Important co-benefits from electrification include potential contributions to grid flexibility and improvements to achievable carbon capture rates for unavoidable process emissions. On the other hand, the gap between electricity and fossil fuel prices paid by energy-intensive industries remains a major challenge—as does the long lifetime of industrial assets and the sophistication of their production processes, which consist of multiple integrated heating stages with complex interactions between material and energy flows, according to the report. The report, Electrification of High Temperature Heat, provides market report analyses for electric heating capacity additions and equipment revenue for high temperature industrial processes from 2024 through 2033. An executive summary of the report is available for free download on the Guidehouse Research website. About Guidehouse ResearchGuidehouse Research, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our research is built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Research can be found at About GuidehouseGuidehouse is a global AI-led professional services firm delivering advisory, technology, and managed services to the commercial and government sectors. With an integrated business technology approach, Guidehouse drives efficiency and resilience in the healthcare, financial services, energy, infrastructure, and national security markets. Built to help clients across industries outwit complexity, the firm brings together approximately 18,000 professionals to achieve lasting impact and shape a meaningful future. * The information contained in this press release concerning the report, Electrification of High Temperature Heat, is a summary and reflects the current expectations of Guidehouse Research based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Research nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report. For more information, contact: Cecile Fradkin for Guidehouse Research+1.646.941.9139cfradkin@
