Latest news with #GuidehouseResearch
Yahoo
5 days ago
- Automotive
- Yahoo
Guidehouse Research Estimates Global Market for Megawatt Charging Systems Will Reach Nearly $19 Billion by 2033
Market drivers include emissions reduction, government incentives, and cost BOULDER, Colo., July 17, 2025 /PRNewswire/ -- A new report from Guidehouse Research evaluates the market for Megawatt Charging Systems (MCS) globally. Efforts to electrify medium- and heavy-duty vehicles (MHDVs) have focused on those with predictable routes and enough downtime to return to a depot for charging. However, long-haul trucks, multi-shift vehicles, and those without access to private charging are harder to electrify. Solving this challenge requires new charging solutions. The MCS—a new standard in development—will provide up to 3.75 megawatts (MW) of continuous power, enabling ultra-fast charging for these vehicles. According to a new report from Guidehouse Research, as standardization occurs and the number of BE-MHDVs on the road grows, MCS sales and revenue are expected to increase. By 2033, the revenue from MCS is expected to reach $18.9 billion globally. "For long-haul trucking, vehicles that are used for multiple shifts in a day, and vehicles without access to depot or private charging to have a successful transition to becoming battery electric (BE)-MHDVs, they must have both fast charging and an adequate public charging network," says Jason Pandich, research analyst with Guidehouse Research. "BE-MHDVs and MCS have a symbiotic relationship, so increasing one enables the other to grow." Driving BE-MHDVs are government policies to reduce emissions from the transportation sector, government incentives, and the lower total cost of ownership (TCO) of a BE-MHDV compared to an internal combustion engine vehicle. Increasing the number of BE-MHDVs will encourage more deployments of MCS to serve the growing population, according to the report. The report, Megawatt Charging System, provides an overview of the market for MCS by examining the technology, its recent standardization process, and the use cases it is best suited for. It also analyzes the drivers and barriers having an impact on the technology's growth. 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, Megawatt Charging System, 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
Malaysian Reserve
10-07-2025
- Automotive
- Malaysian Reserve
Guidehouse Research Estimates Battery EVs Will Account for 53% of Global Light Duty Vehicle Sales by 2033
Market drivers include decarbonization goals, lower fuel and maintenance costs, and an expansion of electrification choices for consumers BOULDER, Colo., July 10, 2025 /PRNewswire/ — A new report from Guidehouse Research evaluates the global light duty vehicle (LDV) market with a specific focus on the multiple electrification options that will make up the entirety of the market in the coming decade. EVs are expected to have a permanent place in the vehicle landscape. According to a new report from Guidehouse Research, battery EVs (BEVs) are estimated to make up 15% of LDV sales globally in 2024, and Guidehouse Research expects that number to grow substantially in the coming decade. By 2033, pure BEVs are expected to account for 53% of global LDV sales, representing a compound annual growth rate (CAGR) of 16.0%. At the same time, internal combustion engine (ICE) vehicles are projected to decline from nearly 65% of global sales in 2024 to just under 20% in 2033 at a CAGR of -11.7%. 'The LDV electrification market can be seen as an important lens on technology development and decarbonization worldwide,' says Jake Foose, research analyst with Guidehouse Research. 'While global efforts to decarbonize in the wake of the Paris Agreement have experienced some setbacks and slow starts, transportation electrification has been continuously moving forward. The advantages of full vehicle electrification are numerous, and the goal for many governments is to move entirely to BEVs.' Electrification options have diversified, as drivers are not yet ready for the full transition. Lack of charging infrastructure is holding back BEV deployment in many markets. In some regions, backlash against decarbonization has led to uncertainty in the transportation market, with some investors wary of committing significant capital. OEMs are revising their roadmaps to add more vehicle options and walking back some of their earlier decarbonization commitments. Yet even in the wake of the 2024 US presidential election, the EV industry is expected to continue to grow. As the wave of decarbonization grows stronger, the push for more efficient vehicles has reached a tipping point, and Guidehouse Research expects it to only accelerate. The report, Light Duty Vehicle Electrification, serves as the most recent update of Guidehouse Research' outlook for the global LDV market. It provides an analysis of global LDV sales for the next decade, with a specific focus on vehicle electrification. It examines the effect of various market drivers, including government incentives and lower cost per mile, on the markets for six vehicle classifications: ICE vehicles, BEVs, PHEVs, HEVs, EREVs, and FCVs. 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 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, Light Duty Vehicle Electrification, 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@
Malaysian Reserve
09-07-2025
- Automotive
- Malaysian Reserve
Guidehouse Research Explores Landscape for Medium and Heavy Duty On-Highway Vehicles
Can hybrid drivelines play a role in the decarbonization of the MDHD truck sector BOULDER, Colo., July 9, 2025 /PRNewswire/ — A new report from Guidehouse Research discusses the competitive landscape for medium and heavy duty (MDHD) on-highway vehicles in Europe and North America. Numerous solutions have been proposed to reduce, and ultimately eliminate, the carbon footprint attributed to the transportation industry. Some have been developed and a few such as battery EVs (BEVs) are now in serial production and in some markets, growing in popularity. According to Guidehouse Research, current developments, such as potential regulatory changes and the imminent launch of several extended range EVs (EREVs), suggest that now may be a good time to revisit the value that hybridization offers the market. 'Decarbonizing the MDHD truck sector to meet the Paris Accords goals has spawned numerous technologies, both competing and complementary,' says Oliver Dixon, senior research analyst with Guidehouse Research. 'While these technologies' long-term viability is becoming clearer, the role of hybrids has remained largely undiscussed.' According to Guidehouse Research, stakeholders should remain aware of increasing fluidity in the current regulatory environment, consider the potential for regulatory softening in the North American market, be wary of the commercialization potential of hybrids and keep in mind that technology fatigue has a history in shaping MDHD truck design. The report, Growing Regulatory Uncertainty May Prompt a Hybrid Revival, explores the technological landscape for MDHD on-highway vehicles in Europe and North America, the future regulatory trajectory in Europe and North America, as well as the impact of any regulatory change upon the existing MDHD value chain. 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, Growing Regulatory Uncertainty May Prompt a Hybrid Revival, 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]
Associated Press
08-05-2025
- Business
- Associated Press
Oracle Named #1 in Home Energy Management Systems by Guidehouse Research
Oracle Utilities tops the Leaderboard, demonstrating its ability to rapidly innovate and scale critical capabilities at utilities around the world AUSTIN, Texas, May 8, 2025 /PRNewswire/ -- As power demand and energy costs continue to rise, home energy management (HEM) technologies are growing increasingly critical to keeping electricity affordable and the grid stable in crucial moments. Citing Oracle's superior strategic execution, advanced solutions, and ability to serve utilities globally at scale, Guidehouse Research named Oracle Utilities the top provider in its 2025 Home Energy Management Systems report.1 Read the full report here. 'Oracle continues to be a leader in the HEMS market by leveraging innovative technologies to redefine and expand the scope of home energy management for both utilities and the customers,' said Hannah Bastian, research analyst at Guidehouse Research. 'The company's continuous advancements in technology, combined with its track record for delivering energy savings, have earned it the top spot on our HEMS leaderboard.' Continued global leadership The Guidehouse Research report scored 10 HEMS providers on their strategy and execution based on their vision, go-to-market strategy, partners, technology, geographic reach, sales, marketing and distribution, product performance, product portfolio, and support and services. Oracle remained the leader in this space based on its strategy and its advanced, integrated technologies. According to the report, 'Oracle has proven its ability to not only execute on its forward-looking vision and go-to-market strategy but also deliver its HEMS at a market-leading scale.' Oracle was also noted for its holistic technology benefits compared to the other providers. According to the report, 'In particular, the company's commitment to advancing its HEMS technology and its ability to leverage the broader Oracle IT platform to develop comprehensive utility systems gives the company a unique advantage in the market and earned it a high score for Technology criterion.' With approximately 200 utility customers, Oracle holds the largest user base of any HEMS provider. According to the report, 'Oracle has a proven track record of not only maintaining and growing existing customer relationships but also entering new global markets.' Unmatched customer value Since 2009, Oracle has delivered over three billion personalized communications and helped consumers save over 40 TWh of energy and more than $6.6 billion on their energy bills. Guidehouse Research recognized that Oracle continues to demonstrate its ability to deliver consumer engagement benefits beyond energy savings. Oracle Utilities continues to focus on helping organizations operate efficiently within an increasingly complex, distributed grid landscape. In addition to this current evaluation, Oracle's efforts have led to #1 vendor rankings in the most recent versions of Guidehouse Research's Digital Customer Engagement and Experience Analytics, AI Vendors for DER Integration, and Smart Meter Analytics reports. 'We all know that overall power demand is forecast to rapidly expand, but the industry is not confident that we can do it in time and affordably. This is creating urgency among our utility partners to provide the right insights and guidance to help customers take more control of their energy bills,' said Matt O'Keefe, group vice president for Oracle Utilities. 'The Guidehouse Research report shows how Oracle remains ahead of this curve by combining predictive analytics, proactive alerting, load shifting, and rate engagement to empower customer action. There remains a huge opportunity—and pressing need—to change energy behaviors to drive down costs while helping utilities meet grid resiliency objectives.' About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at Trademarks Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. View original content to download multimedia: SOURCE Oracle
Business Wire
02-05-2025
- Business
- Business Wire
Bidgely Surpasses 1.5 TWh of Energy Savings, Offsetting 1M Tons of CO2 Emissions
LOS ALTOS, Calif.--(BUSINESS WIRE)-- Bidgely today announced that its artificial intelligence (AI)-driven solutions have accumulated over 1.5 terawatt-hours (TWh) in energy savings, equivalent to offsetting over 1 million metric tons of CO2 emissions. Bidgely's 1.5 TWh in energy savings was achieved through the collective efforts of a growing customer base across all fuel types — gas, electric, dual fuel and even water — leveraging the company's UtilityAI™ Platform to boost energy efficiency through enhanced customer engagement strategies. This achievement, fueled by our financial strength, continued leadership, and dedication to consistently delivering customer value, is a milestone we are excited to share with the market. Share This milestone follows Bidgely's rising 'Leader' status on Guidehouse Research's latest Home Energy Management (HEM) Leaderboard, which recognized the company's expanding offerings for home energy reports (HERs), time-of-use (TOU) initiatives and managed electric vehicle (EV) charging. According to the report, ' the company's dedication to expanding its platform capabilities, reaching new clients, and delivering quality services suggests that it will remain a Leader in the HEMS market for the foreseeable future.' The company's customer engagement strategies, including personalized consumption insights, energy profiling and behavioral load shifting, also ranked Bidgely a 'Leader' on Guidehouse Research's 2023 Customer Experience and Engagement Analytics leaderboard as well as IDC MarketScape's 2023 and 2021 Customer Engagement Vendor Assessments. The impact of achieving over 1.5 TWh of energy savings is equal to offsetting CO2 emissions for one year from: Over 1 billion pounds of coal burned Nearly 2.5 million barrels of oil consumed Nearly 121 million gallons of gas consumed Industry-Leading Home Energy Management and Customer Engagement Bidgely's patented disaggregation and UtilityAI™ platform helped utilities like Avista, NV Energ y, Pacific Power, PSEG Long Island, Southern California Gas among others unlock real-time energy usage insights from raw meter data to drive smarter energy consumption through a suite of customized solutions, including: Home Energy Management Program: 360-degree view of household energy use, broken down by appliance and usage patterns. Home Energy Reports: Personalized, dollar-based reports with easy-to-understand energy-saving recommendations. Customer Experience & Engagement: Multi-channel customer connection via smart alerts, web portals, and call center staff equipped with one-click consumption analytics. Combined, these tools created a journey for homeowners to gain new visibility into their highest-impact appliances in order to better focus their energy-saving efforts, i.e. adjusting thermostat settings or upgrading to more efficient appliances. 'This achievement, fueled by our financial strength, continued leadership, and dedication to consistently delivering customer value, is a milestone we are excited to share with the market,' said Bidgely CEO Abhay Gupta. 'The future of energy isn't just about grids and power—it's about people, resilience and intelligent action. Bidgely is helping create a world where utilities don't just manage demand—they anticipate and shape it.' Beyond Energy Efficiency — Driving Greater Savings Through Smart Load Shaping By strategically evolving and expanding its product suite, Bidgely's 1.5 TWh in energy savings is also a result of empowering utilities to boost enrollment in key load shaping and load shift programs. Bidgely's granular targeting of high-grid-impact customers unlocked the full potential of TOU rates, demand response and managed EV charging for its utility customers, while its recent GenAI integration enhances the accessibility and scalability of these programs. 'Achieving 1.5 TWh is more than a number; it's a demonstration of the future of energy management,' said Gautam Aggarwal, chief revenue officer at Bidgely. 'The precision and effectiveness of data-driven customer targeting activates unprecedented levels of efficiency and grid stability that will be instrumental for thriving in shifting dynamics of the energy industry.' To learn why utilities are using Bidgely's AI-powered solutions to enhance energy efficiency and customer engagement, download the report: Guidehouse Research Leaderboard: Home Energy Management Systems Providers. About Bidgely Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographics, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a distributed energy resources (DER) and grid edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, electric vehicle (EV) detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and time of use (TOU) rate designs. Bidgely's UtilityAI™ energy analytics provides deep visibility into generation and consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 16 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit or the Bidgely blog at
