"smart grid" articles

AutoGrid, which specializes in AI-driven optimization for distributed energy resources (DERs), has just announced that it will be acquired by Schneider Electric. The two companies have been working together since 2015 and in 2020, they introduced an integrated solution focused on digital transformation for utilities. Once the agreement passes regulatory approval and the usual closing conditions, the deal is expected to close in Q3. Parks Associates’ research reveals that smart...

Parks Associates continues its thirteenth-annual Smart Energy Summit: Engaging the  Consumer with the virtual session, State of Residential Energy Management , on Thursday, April 7, from 11:00 AM to 1:30 PM CT. Bruce Sher , Head of Business Development LG Electronics  will be the featured Fireside Chat speaker at 12:00 PM CT, addressing the changing markets for residential energy management. Prior to the session, Bruce provided insights on key trends that will...

Parks Associates continues its thirteenth-annual Smart Energy Summit: Engaging the Consumer with the virtual session, State of Residential Energy Management , on Thursday, April 7, from 11:00 AM to 1:30 PM CT. Paul Wezner , VP, Product and Customer Success, Powerley will be featured on the interactive panel, The Future of Energy: A Paradigm Shift, at 11:15 AM CT, addressing how the new requirements for active consumer participation in energy savings will drive the...

Parks Associates hosted its first in-person event of the year. The internationally recognized market research firm’s 13th annual Smart Energy Summit: Engaging the Consumer focuses on the evolution of the consumer utility market, the impact of COVID-19 on energy management programs, and new opportunities to drive engagement in utility-sponsored programs. “Parks Associates consumer data reveals that consumers want better home energy insights than they currently get from...

How Texas Saves $1 Billion in Energy Costs a Year: Optimal Load Shaping At the Smart Energy Summit 2022 in Frisco Texas hosted by Parks Associates, Robert Cruickshank from GRIDIoT gave an insightful presentation of how optimal load shaping (OLS) is the fastest way Texas can decarbonize the ERCOT grid and produce energy at the lowest cost. During the presentation, he noted Texas can quickly and efficiently decarbonize the grid (reducing carbon emissions by nearly 20...

Utilities are in a unique position as their customers span multi-generations, income and education segments, renters, homeowners, and individuals, in addition to families. In traditional, non-retail markets, which represent the majority of households, their relationship is long-term. They are a trusted advisor in their communities even though many consumers only interact with their utility when moving to a new residence, paying a monthly bill or when an outage occurs.  ...

New announcements recently within the energy management industries continue to underscore the opportunities for new products and services to help reduce energy consumption.  Currently, only a modest percentage of broadband households report using renewable power, but Parks Associates research shows there is a widespread desire to use clean energy and a reasonably broad willingness to pay more for it. Over 40% of broadband households would prefer to live in a community-powered...

As part of Parks Associates’ connected home and smart energy research, the firm asks consumers about electric vehicles, and recent results showing an unchanged market year over year with 7% of broadband households having at least one electric vehicle, have aligned with general downturn in the automotive industry as adoption stalled in 2020. Parks Associates reports that only 15% of US broadband households indicate intentions to purchase an EV in 2021. Among consumers who do not...