The global energy sector is undergoing a significant transformation. Where fossil fuels and nuclear power were once the de facto choices for utilities, decreasing cost of renewable technology and growing concern over emissions is driving more and more customers to turn to renewable generation. New sustainable technologies and business models will make the electric grid more efficient, especially as energy decisions shift to the grid edge-where the end user taps into the grid- complementing renewable penetration.
Invenergy Edge can help customers navigate the next phase of this transformation by delivering turnkey, custom clean energy solutions. Onsite renewable generation is now available to the same businesses who are setting aggressive goals for energy savings, resilience, and sustainability. While the opportunities for customers are substantial, technology and policy are changing quickly. Invenergy Edge can simplify these challenges and navigate these changes for its customers.
New Opportunities in an Evolving Industry
The energy industry as we know it began with Thomas Edison and the first commercial power plant in 1882. Large, centralized coal and natural gas plants were once the mainstays of US power production, and these thermal plants still generate approximately two-thirds of the world’s power1. But the past decade has seen renewable energy go from a niche market to completely mainstream and in-demand.
Renewable energy made up a majority of new US generation investment in 2018 and is the lowest cost option in more than 60 percent of the world. The US renewable energy sector hit a milestone in April 2019 when renewable energy exceeded coal generation on the US grid for the first time. As renewable energy continues to increase penetration of the electric grid, the technologies are becoming an option for facility and fleet operators.
The next phase of grid transformation will incorporate the rapid growth of smaller, scalable clean energy projects and the electrification of vehicle fleets, which will in turn require the coordination of localized energy solutions. This is driven by incentives, new control technology, and lower costs. In fact, battery prices have fallen by 87% and are projected to decrease to approximately $100/kWh by 2023, according to the latest forecast from Bloomberg New Energy Finance. Helping customers take advantage of these price declines and make the most of this transformation is where Invenergy Edge comes in.
Invenergy Edge works with industrial customers to develop energy solutions to meet the needs of any site. Whether it be infrastructure to support the transition to electric vehicle (EV) fleets, rooftop solar or onsite battery storage, Invenergy Edge will help end customers achieve their energy goals by designing, financing, building, and managing energy systems that suit the individual needs of customers.
Drawing on Invenergy’s decades of experience in developing and operating projects worldwide and on negotiating utility-scale power purchase agreements with major companies including Google, AT&T, Microsoft, and McDonalds, and Invenergy Edge will take customer energy solutions to the next level of convenience and effectiveness.