Key Observations
Alternative Financing Platforms
With households and commercial users requiring funding to adopt green energy
alternatives that are becoming increasingly popular, there has been a boom in the
sustainable energy financing platforms. PACE financing platforms, which offer
convenient loans for sustainable energy upgrades, have outpaced the growth of other
sustainable energy financing options. There have been several key deals in the PACE
financing sector in recent months, including the merger of Dividend Solar and Figtree
Finance. More deals may be expected in coming quarters.
O&M Consolidation Ramping Up
The O&M industry has witnessed a mushrooming of new industry players, as new
sustainable energy projects have exploded and sustainable power utilities have
looked to outsource their non-core operations. The struggle to tie-up with utilities for
their O&M activities has led O&M companies to develop specialist ‘Operating’ and
‘Maintenance’ capabilities and has accentuated the divide between ‘Operating’ and
‘Maintenance’ functions. The sector is now believed to be on the verge of a major
consolidation phase, especially in economies like the US and Europe.
Internet of Things Gaining Traction
IoT holds the promise of building Smart Cities that have futuristic offices and industrial settings, where devices can independently interact with each other, exchange data and make smart decisions. The IoT/SaaS revolution is also making rapid advances in the fields of energy management and resource conservation. Initiatives that combine the virtues of IoT and energy management systems (EMS), for instance, can not only cut down human effort but also instill efficiency in energy utilization; and reduce carbon footprints.
|