Navigant Research Report Shows Strategic Electrification Technologies Can Reduce Environmental Impacts and Cost of Delivered Energy

The primary focus for strategic electrification is expected to be
the optimization of electric vehicle charging

BOULDER, Colo.–(BUSINESS WIRE)–#DER–A new report from Navigant
Research
analyzes the emergence of strategic electrification
technologies and various deployment strategies and business models.

Strategic electrification encompasses the deployment of new technology
solutions that use less carbon-intensive, grid-delivered electricity and
distributed renewable energy instead of fossil fuels. Click
to tweet
: According to a new report from @NavigantRSRCH,
strategic electrification technologies can lower customer costs, reduce
environmental impacts, and enable local grid operators to flexibly
reduce the cost and carbon intensity of delivered energy.

“The primary focus for strategic electrification is expected to be the
optimization of vehicle charging due to the growth of electric
vehicles,” says William Tokash, senior research analyst with Navigant
Research. “Other customer-focused residential and commercial
technologies such as distributed solar PV with battery energy storage,
air source heat pumps for space heating, cooling, and water heating, and
certain industrial electrified solutions are expected to play a lesser
role in the growth of strategic electrification.”

To stay competitive in this market, Navigant Research suggests DER
technology stakeholders work together to support strategic
electrification and ensure new business models enable local grid
operators to flexibly reduce the cost and carbon intensity of delivered
energy. Additionally, DER technology stakeholders should explore
customer-facing financing options, while EV stakeholders should focus on
the potential advantages of electrified vehicle fleet options.

The report, Strategic
Electrification Offers Load Growth and Carbon Reduction Opportunities
,
examines the emergence of strategic electrification technologies and
various deployment strategies and business models. The study analyzes
the lower cost, greener technology options that electrification creates
and explores how they enable customers and grid stakeholders to reduce
energy use and carbon emissions. It also provides recommendations for
grid operators, EV technology vendors, automotive OEMs, and utilities
and energy suppliers, among other energy sector stakeholders, on how to
take advantage of the benefits of strategic electrification. An
Executive Summary of the report is available for free download on the Navigant
Research website
.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report,
Strategic Electrification Offers Load Growth and Carbon
Reduction Opportunities, is a summary and reflects Navigant
Research’s current expectations 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 Navigant Research
nor Navigant undertakes any obligation to update any of the information
contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
lindsay.funicello.paul@navigant.com

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