Energy ESO Market, By Service (R&D and Designing, Structuring & Layout, Digitization, Implementation & Maintenance, and Others), By Location (Onshore and Offshore), By Energy Source (Renewable, Non-renewable, Chemical Processing, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Apr 2024

Code : CMI6903

Pages :135

Formats :

Excel and PDF

Industry : Energy

Market Concentration and Competitive Landscape

Energy ESO Market Concentration By Players

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Rising Decarbonization Commitments

There is growing international commitment to transition to carbon-neutral economies over the coming decades in order to mitigate climate change impacts. Numerous nations have announced ambitious targets to slash greenhouse gas emissions from energy generation mainly through phasing out fossil fuels. This has put renewables center-stage but integrating large shares of volatile renewable energy into grids requires sophisticated balancing techniques. Countries are ramping up investments in modernizing infrastructure to facilitate two-way power flows from distributed energy resources. An ESO can be instrumental here by facilitating clean energy prioritization, promoting flexible demand response, leveraging electricity storage optimally, and enabling cross-border renewable energy trade. Advanced functionalities for distributed energy management and electric mobility integration also allow leveraging their balancing potential. Through centralized monitoring and control of entire power networks, ESOs ensure the stability and security of supply remains unhindered during the shift to greener sources. They aid smooth large-scale renewable firming, supporting faster decarbonization progress per target timelines. This makes ESOs a crucial enabler for countries striving to reduce carbon footprint from their energy mix responsibly.

Key Players Insights