Number of Electric Meters Served by DMS-Equipped Substations to Reach 775M by 2020
Serving as the user interface to critical distribution infrastructure, distribution management systems (DMSs) increasingly form the brains of the energy distribution network, supporting all aspects of utility power grid operations.
Information technology (IT) upgrades, following in the wake of smart grid equipment rollouts, are driving steady growth for these third-generation DMSs. According to a recent report from Navigant Research, the number of electric meters served by DMS-equipped substations will reach 775 million in 2020.
“The underlying operational benefits of increased reliability and cost-effective optimization are contributing to advances in the DMS market,” says Kristoffer Torvik, senior research analyst with Navigant Research. “Operators can focus on keeping the lights on, storms that cause overwhelming outages are more manageable, and line workers and outage crew are kept safe.”
While some of the leading DMS providers are well-established leaders in the power and automation industry, others are IT pure plays that have challenged and influenced the thought process of the utility industry. In just the past two years, according to the report, the influence these more specialized firms have had on the smart grid sector has led to several $1 billion-plus acquisitions of IT/operational technology companies.
The report, “Distribution Management Systems”, analyzes the global market trends for full advanced DMS, intermediate DMS, and light DMS solutions. The report provides a roadmap for DMS technology, along with a comprehensive assessment of the demand drivers, business models, policy factors, and technology issues associated with this diverse and dynamic market.
Key industry players are profiled in depth, and worldwide revenue forecasts, segmented by deployment type and region, extend through 2020.
Navigant Research: www.navigantresearch.com/research/distribution-management-systems
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.