IDC MarketScape Names GE Power as a Leader in Distributed Energy Resource Management Systems
San Ramon, California - IDC MarketScape has named GE Power as a Leader in the recent IDC MarketScape: North America Distributed Energy Resource Management Systems 2018 Vendor Assessment (Doc #US41793416), August 2018. The report examines the current landscape for Distributed Energy Resource Management Systems (DERMSs) and evaluates major vendors across the region.
Distributed Energy Resources (DERs) are units of local generation, storage and other energy resources typically connected to the grid at the distribution level. Encompassing both demand and supply-side resources - such as photovoltaics, wind turbines, smart inverters, energy storage and electric vehicles - DERs increasingly play an important role within the electric grid power distribution system and how it is operated. The rise of DERs has been driven by a combination of regulatory changes, the emergence of third-party aggregators and significant cost and efficiency improvements in DER technology. DERs are driving the need for more predictive and prescriptive software solutions to solve the increasing complexity of network operations.
The IDC MarketScape examined several factors related to the DERMS marketplace, including: capabilities of the vendor and product, how well the vendor delivers, the product’s alignment to customer needs today and the vendor’s planned future market investments. Positionings are based on feedback from buyers, end users and IDC market experts, as well as interviews with vendors.
GE’s DER orchestration solutions enable utilities to manage both utility and non-utility DERs from planning to operations, via a range of deployment options including on-premise and cloud-based systems. GE’s solutions use automation and adaptive technology to optimize grid operations, maintain distribution grid stability, enhance load forecasting and manage the impact of distributed generation. DERMS is part of GE’s comprehensive Digital Energy portfolio designed to meet the needs of the full electric delivery system.
“DERs may prove to be the single most disruptive influence in the history of the electric grid,” said GE Power’s Chief Digital Officer Steven Martin. “Effective management requires modeling and awareness of physical characteristics combined with advanced technologies. Our software provides operators with the requisite tools and situational intelligence to recognize developing situations, act quickly and decisively and orchestrate flexibility across the grid for both utility and non-utility DERs.”
To learn more about GE’s Digital Energy software solutions, visit www.ge.com/power/software.
About the IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com
About GE Power
GE Power is a world energy leader providing equipment, solutions and services across the energy value chain from generation to consumption. Operating in more than 180 countries, our technology produces a third of the world’s electricity, equips 90 percent of power transmission utilities worldwide, and our software manages more than forty percent of the world’s energy. Through relentless innovation and continuous partnership with our customers, we are developing the energy technologies of the future and improving the power networks we depend on today. For more information please visit www.ge.com/power, and follow GE Power on Twitter and on LinkedIn.
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Media Relations, GE Power Digital