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How Demand Response Benefits Both Utilities and End-Use Customers

Demand response programs can be valuable to both utilities and to customers alike, especially as their potential continues to expand as the grid is modernized. When deployed strategically, demand response programs can help consumers by reducing or maintaining rates and ensuring more reliable service. Additionally, demand response programs can provide incentives to help offset the costs of adopting smart home technology or building-management system upgrades that may not have been considered otherwise. Finally, demand response programs can act as a catalyst for consumer energy awareness and engagement. They create additional opportunities for utilities to educate and communicate with customers on the benefits of program participation and to glean insights that may help them receive additional incentives in the future.

Looking To the Future

Coronavirus. Six months ago, it’s a word few of us had even heard. Now, it’s in nearly every headline and news article and email subject line across the globe. It has sparked anxiety, uncertainty and an array of mixed emotions.

Achieving Higher Engagement in Hard-to-Reach Markets

Energy efficiency programs can have a big impact on hard-to-reach markets like small business, multifamily, and rural or low-income communities. With significant opportunity for energy and money savings derived from these programs, your commercial customers could potentially boost their bottom line, enabling them to be more competitive in today’s market. And for your residential customers, energy efficiency programs can literally help keep the lights on. With the staggering benefits, energy efficiency programs are an obvious win-win for both the customer and the utility, right?

How Electric Vehicles are Driving Utilities to New Opportunities

Electricity is becoming the fuel of choice for mobility, launching electric vehicles (EV) into mainstream society at full velocity. And while EVs may not have yet reached widespread adoption in the United States today, Rocky Mountain Institute predicts sales of electric vehicles could account for one-fifth of new car sales globally by 2025. 

There's No Stopping This Growth Train: Building Efficiency

Put on your sunglasses because the future is bright. For the advanced energy industry, that is. According to a recent Advanced Energy Now Market Report, the industry generated $238 billion in revenue in 2018—an 11% increase over 2017. That’s a lot of dough.

THE FOREFRONT OF INNOVATION

Want to stay abreast of regulatory updates, inspiring innovations and thought leadership related to grid optimization? Welcome to our blog, where Franklin Energy’s experts come to delve into everything you need to know to stay at the top of your game in our ever-changing environment.

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