| | APRIL 20236EDITOR'S DESKEnergy companies are scrambling to streamline energy operations, improve the performance of the grid and positively impact efficiency and productivity. This has led energy consulting companies to leverage a range of innovative tech solutions to help reduce the cost of power generation and increase energy storage capacity. According to a report published in MarketWatch, the global energy consulting market size, which was valued at $16335.99 million in 2021, is estimated to reach $20402.74 million by 2027 at a CAGR of 3.77 percent. What fuels this growth is a spate of technologies capable of positively transforming the realm of energy consulting. Advanced energy storage systems allow for the seamless functioning of the electrical system, which helps improve efficiency and reduce electricity costs and carbonic emissions. Energy consulting companies are harnessing the power of artificial intelligence (AI) to simplify and enhance interaction with customers and provide better services. The implementation of AI is also allowing consumers to access data pertaining to power restoration times, energy used by an appliance, and how much money is left in their pre-paid accounts. The growth of earth data, integrated with game engines and AI, opens the door to innovation in energy consulting. Distribution automation is yet another technology that supports local power grids and eases the load across long-distance transmission lines. This edition of Energy Business Review highlights the recent developments in the energy consulting arena and insights into how businesses are aligning with these trends to transform legacy practices.We have curated thought leadership articles from industry experts, including the Senior Vice President, Power Services and Renewables, NAES, and the Product Manager Director at CLEAResult.We also took a deep dive into the market trends to narrow down the list of companies providing robust energy consulting solutions. Equipped with innovative technological capabilities, companies such as American Diversified Energy Consulting and Compression Dynamics Consulting help transform businesses at the cloverleaf of various disruptive technologies. We hope this edition of Energy Business Review on energy consulting helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts!Redefining the Future of Energy Consulting with Technology Copyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@energybusinessreview.comeditor@energybusinessreview.comMarketing@energybusinessreview.com APRIL - 01 - 2023, Vol 04 - Issue 05 (ISSN 2836-5089) Published by ValleyMedia, Inc. To subscribe to Energy Business ReviewVisit www.energybusinessreview.com VisualizersChris LynnManaging EditorJade McdonaldEditorial StaffAaron Pierce Ava GarciaDaeg GroverVian IsaacJoshua Parker Kenny PeruzziScott ThomasJade McdonaldManaging Editoreditor@energybusinessreview.comDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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