2021 in Review
For the energy transition and the environment, 2021 has in fact been another stellar year. 2021 is on course to break a global record for renewable energy growth, according to the International Energy Agency’s latest Renewables Market Report. With 290 GW in additional capacity expected to be commissioned by the end of the year, 2021 will break the record for renewable electricity growth that was just set last year. Although in 2021 we missed the much-valued face time with our clients, Indigo also had a great year. This review highlights some media we received, research and publications we were involved with, and some client accomplishments.
A few of our favorite achievements from 2021
Indigo in the Media
Our insights on how emerging technologies can be leveraged to create an architecture capable of offering charging services to roaming vehicles were highlighted in the quarterly Internet of Things (IoT) Journal. This journal reported on our research on how AI and Distributed Ledger Technology can be leveraged to enable an EV roaming architecture across utility jurisdictions Read here
Our views on how effective asset data utilization and a digital twin strategy can accelerate industrial optimization, reduce reactive maintenance, and positively impact reliability indices were featured by the Utility Analytics Institute. Read here
Our views on how stronger asset intelligence can position utilities for a more resilient future were featured in a Utility Dive and PrecisionHawk playbook and in particular our analysis of how effective asset management can reduce operational expenses by as much as one-third. Read more here
Indigo Research & Publications
We analyzed that although specific interoperability costs and value metrics are difficult to quantify, utilities and equipment manufacturers have reported to NIST that their costs for integrating non-interoperable equipment and systems ranges from $140 million to $1 billion per year per firm. With that in mind we report that the scale of these outlays indicates an interoperability value proposition that could exceed estimates of $10 billion in interoperability-derived annual savings in the U.S. electric power industry. Read here
We revamped our Indigo Insights Innovation Series of papers. These five papers cover some of the most pressing digital and strategic technology decisions power companies face in the coming years. Download here
Our research on managing EV charging stations from different energy suppliers through a standard method of payment facilitated by Distributed Ledger Technology was featured in the Future Internet Journal. Read here
Sample Clients and Research Partners
Most importantly, our favorite accomplishment of 2021 is that we continue to work across a range of energy transition projects for our valued clients and research partners. This year we were involved in several exciting energy technology related projects. For example, we worked to commercialize utility products, helped imagine new functions and markets for utilities, created and implemented analytics strategies, reviewed technology roadmaps, conducted market intelligence, built robust application requirements, and performed economic analysis on investments.
At the end of Q1 2022 we are launching our first grid technology research product. This will cover technologies, use cases, vendors, and a host of analysis across various grid technology markets. You can sign up for details on voltinsights.com here. We will be releasing our 2022 research imperatives shortly. Look out for reports, podcasts, and insights from the team. In the meantime, check out our Indigo capability primer “Transformation Tools for Utilities”.
Finally, in 2022 the IEA forecasts Solar PV development will continue to break records, with annual additions reaching 162 GW by 2022 – almost 50% higher than the pre-pandemic level of 2019. With that in mind, we wish all our clients, partners and industry associates a happy holiday and a wonderful 2022