U.S. Energy Companies Prepare for Decentralized Grid

This article first appeared on the BNEF mobile app and the Bloomberg Terminal.

  • Investment in behind-the-meter companies is growing rapidly
  • Half of all investment by energy companies in 1H 2017 directed toward behind-the-meter specialists

U.S. utility holding company behind-the-meter investment 

Source: BNEF

Some of the largest U.S. energy companies are betting on a distributed future. Utility holding company investment in firms specializing in customer-facing, or “behind-the-meter,” products and services has grown rapidly, accounting for more than half of all utility clean energy venture capital deals and acquisitions since 2015. Engie SA, Edison International, Exelon Corp. and others have built diverse portfolios of clean energy startups that serve existing and prospective customers. The trend remains limited to the largest U.S. energy players — a clear divergence from Europe, where utilities are fretting about how to woo customers.

BNEF clients can see the full report, “Behind-the-Meter Strategies of U.S. Energy Companies”, on the Terminal or on web.

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Bloomberg New Energy Finance (BNEF) is an industry research firm focused on helping energy professionals generate opportunities. With a team of experts spread across six continents, BNEF provides independent analysis and insight, enabling decision-makers to navigate change in an evolving energy economy.
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