This white paper complements Navigant Researchs existing research into the development of the Energy Cloud. It builds on discussion in Navigant Researchs Navigating the Energy Transformation white paper on an aggressive Energy Cloud scenario.In this scenario, distributed energy resources (DER), which include solar PV, energy storage, and EVs, are near ubiquitous. The same is true of transactive energy (TE), whereby DER owners can trade their self-generated power.In addition, utilities rely heavily on machine learning and analytics-driven automation to manage the grid.By 2030, the future utility value chain will have transformed significantly.Navigant Research argues that current distribution network operators will have transformed into distribution service orchestrators; they will be responsible for far more than just network operations. Likewise, the current energy supply business--already transitioning to a service-based model--will be fully transformed into an energy service provider (ESP) model. Companies will offer end-to-end energy services that have little in common with todays volume-based approach to revenue generation.This Navigant Research white paper provides an overview of the opportunities and challenges that the industry will face during the transition to an intelligent and distributed future.The resulting new business models will require new IT infrastructure that relies heavily on the analysis of huge volumes of data. Distribution orchestration platforms will rely on the integration of existing advanced distribution management systems and DER management software, as well as the incorporation of a market pricing mechanism to reflect the changing value of millions of connected endpoints throughout the day.ESPs will rely on transactive energy platforms that enable prosumers to sell their power into the market, incorporate customer portals to provide in-depth account details, and provide billing and settlement functionality.