January 4, 2010

Today Pike Research announced the launch of its new Utility Innovations Advisory Service.  This subscription-based service is an independent and objective business information tool that is designed to provide market intelligence and business strategy inputs for electric utility executives and key utility vendors as they plan for the next stage of the industry’s evolution.  Topics covered include renewable energy, smart grid technologies, energy management and energy efficiency, carbon capture and sequestration, and the impact of electric vehicles on the grid, among others.

“The utility industry will change more in the next 10 years than it has in the past 50 years,” says managing director Clint Wheelock.  “Utilities and their suppliers face a number of opportunities and challenges as they work to integrate new energy sources, reduce carbon emissions, manage energy more efficiently, and accommodate the arrival of electrified vehicles.  All of these initiatives will require an unprecedented level of technology and business planning.”

As part of its Utility Innovations service, Pike Research’s industry analysts offer timely and actionable market insights, covering specific technology and business sectors as well as overall market conditions and trends.  Research reports include an in-depth examination of business models, policy and regulatory factors, the competitive landscape, and market sizing, segmentation, and forecasting.

A few of Pike Research’s key forecasts affecting the global utility industry include the following:

• More than 150,000 new and replacement wind turbines will be installed worldwide during the period from 2010 to 2015.
• The United States will surpass Germany to become the world’s largest solar energy market by 2014.
• Global cumulative smart meter installations will reach 250 million by 2015.
• Utilities around the world will have invested more than $200 billion in smart grid technologies between 2008 and 2015.
• More than 5 million electric vehicle charging stations will be installed worldwide by 2015.
• The carbon capture and sequestration (CCS) market could reach as high as $128 billion under a base case scenario, or $221 billion under a more aggressive forecast scenario.

Pike Research’s Utility Innovations Advisory Service analyzes emerging technologies, business models, and market opportunities that are driving change and growth in the electric utility industry.  The service includes access to more than 20 of the firm’s in-depth Research Reports per year, in addition to unlimited Analyst Inquiry access.  Executive Summaries and further information about the Advisory Service are available for free download on the firm’s website.

Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets.  The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Clean Transportation, Clean Industry, Corporate Sustainability, and Building Efficiency sectors.  For more information, visit www.pikeresearch.com or call +1.303.284.9609.