Many of our clients are considering investing in energy infrastructure or making strategic decisions regarding their consumption and generation. Before making a decision, it is important that the client has a clear understanding of the various factors that affect the energy market. This includes the regulations and the requirements of the ISO/RTO they plan to interconnect with. An energy market analysis can provide valuable insights that help inform decision-making to maximize investments in utility-scale solar and wind, or battery energy storage systems.
Here are some reasons why you need an energy market analysis for your upcoming wind, solar or energy storage project:
- Identify opportunities for growth or expansion. A comprehensive analysis of the energy market can also help investors identify opportunities for expansion and growth. It can provide them with a deeper understanding of the competitive environment in the market.
- Mitigate risks. Risks in both changes in the regulatory landscape, energy pricing and more can significantly impact a project’s profitability. With an energy market analysis, you can identify potential risks and develop strategies to mitigate them. Once those risks are identified, a regulatory compliance expert can help you to plan and prepare.
- Maximize your investment. With an energy market analysis, you can identify opportunities to better utilize infrastructure, pricing or other factors for a better return on investment.
- Make informed decisions. Understanding the energy market trends and patterns can help investors make informed decisions when it comes to investing in infrastructure.
A market analysis is also a necessary tool for generation owners and developers who are planning on investing in the energy sector. When you work with EPE, we serve as an extension of your team and can benefit from our extensive knowledge of the energy market and its regulatory environment. Learn more about the Energy Market Analysis and Feasibility Study services of Electric Power Engineers.