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Will Utilities Become Software Developers?

Forbes LogoEnergy consumption in the U.S. isn’t growing as fast as in the past, thanks in part to ongoing breakthroughs in efficiency and structural changes in the economy. Solar companies and others are directly competing against them in both the commercial and consumer market. Wall Street now casts a wary eye at large, long-term capital projects like nuclear plants.

Carbon regulations, with support on both sides of the political aisle, seem inevitable.

So what can they do?

Sell software.

Last month, Edison International announced it has spun up a new subsidiary, Edison Energy that will help customers manage their energy portfolios. The core of Edison Energy’s intellectual property derives from a series of startups the power giant has purchased over the past few years: Delta Energy Management, for instance, specializes in consulting and analytics for the energy industry.

Read the full story on the Forbes website