Utility companies
Strategy and planning | Business development | Procurement and supply chain | Low carbon and sustainability
Make informed decisions in the rapidly changing renewable energy industry and power sector
Supporting with market expertise
Utility companies face numerous challenges in the rapidly changing energy industry. These include integrating intermittent renewable energy sources while maintaining grid stability, adapting to smart grids and a decentralized energy system and modernizing aging infrastructure - all while navigating complex regulatory frameworks. Financial constraints require a balance between investing in new technologies and keeping costs manageable for consumers while reducing the carbon footprint.
Rystad Energy understands all the components of the energy system and the different paths toward net zero. We track all energy sources, from production to consumption, providing reliable data, projections and advice to enable our clients to predict and plan for the future.
Enhance your capabilities with our data services, analytics tools, expert advisory support and specialized training programs. Access an integrated energy data ecosystem that matches your workflows and projects with the most comprehensive and granular global project database covering economics, production, cost and prices and the full supply chain.
Our capabilities within the Utility companies
Strategy and planning
Make informed strategy decisions by utilizing data to benchmark, evaluate, forecast, diversify, scenario plan, risk manage and gain a comprehensive understanding of the global energy landscape.
Business development
Explore new market opportunities, projects and potential areas for expansion by benchmarking projects, exploring trends and evaluating project economics, including hourly granularity power price forecasts for major power markets. Assess the uncertainty of the power market and how it impacts renewable energy growth and valuations.
Procurement and supply chain
Enhance cost-efficient procurement and secure your supply chain by leveraging procurement analysis, monitoring global supply chain markets, commodity and material price forecasts and inflation rates. Benchmark project costs and prices with international projects.
Low carbon and sustainability
Make smart decisions that reduce carbon emissions and support the transition to cleaner energy sources by detailed insights into global trends, market sizes, assets, infrastructure, technologies, carbon pricing and policies.
Advisory
Get access to dedicated energy experts ready to support you in solving the challenges faced by your business. Our team will provide actionable insights supported by a deep industry network and high-quality data.
Education
We offer customized and open-enrollment industry and product training courses designed to empower organizations and professionals for success in the energy transition.
Global power mix and energy storage outlook
he global power mix has reached a critical point, and Rystad Energy expects a peak in fossil fuels in the power sector to be imminent, with a structural shift ahead of the industry. While power demand is expected to continue to see strong growth in 2025 and beyond, the growth rate of low-carbon energy sources is now close to covering the entire demand increase. Global installed energy storage is on a steep upward trajectory. From just under 0.5 terawatts (TW) in 2024, total capacity is expected to rise ninefold to over 4 TW by 2040, driven by battery energy storage systems (BESS). Last year saw a record-breaking 200 gigawatt-hours (GWh) of new BESS projects coming online, a growth rate of 80%.
Global power mix and energy storage outlook
he global power mix has reached a critical point, and Rystad Energy expects a peak in fossil fuels in the power sector to be imminent, with a structural shift ahead of the industry. While power demand is expected to continue to see strong growth in 2025 and beyond, the growth rate of low-carbon energy sources is now close to covering the entire demand increase. Global installed energy storage is on a steep upward trajectory. From just under 0.5 terawatts (TW) in 2024, total capacity is expected to rise ninefold to over 4 TW by 2040, driven by battery energy storage systems (BESS). Last year saw a record-breaking 200 gigawatt-hours (GWh) of new BESS projects coming online, a growth rate of 80%.
