Distributed Energy Resources
Distributed Energy Resources (DERs) are a growing part of the energy landscape in the United States, and they are becoming an ever more attractive opportunity for households, companies, and building owners to gain control of their own energy needs. By 2024, it is estimated that solar PV plus energy storage will represent a $14 billion industry [1]. These resources are installed on the customer side of the utility meter and include distributed generation, such as combined heat and power (CHP) and solar photovoltaics (PV); energy storage assets, such as batteries; energy efficiency and demand management; and building energy management software. When deployed correctly, DERs have the potential to reduce the carbon footprint of the electric grid, increase grid reliability and resiliency, and defer the need for costly upgrades to grid distribution and transmission infrastructure [3,4,7]. (more…)