US Microgrid Market Growing Faster than Previously Thought: New GTM Research

US microgrid market

The US microgrid market is growing faster than expected, fueled by a rise in new ownership configurations, says a report released today by GTM Research. GTM now forecasts that US microgrid capacity will reach 4.3 GW by 2020, up from the research firm’s estimate last quarter of 3.71 GW. The US currently has about 160 microgrids with 1,649 MW of … [Read more...]

Off-grid Microgrids and Nanogrids on the Rise…Stem Wins with Storage-as-a-service…NY on Standby Charges

microgrid revenue

Here come the off-grid microgrids and nanogrids Navigant Research forecasts that annual revenue for off-grid power will exceed $25 billion in 2024 as remote areas of the world install microgrids and nanogrids. Nanogrids alone are expected to become a $17.5 billion annual business by 2024, driven by growing need to charge cellphones in the … [Read more...]

Alaska Center Seeks New Microgrid Technology…Microgrid Brings Peace & Quiet to Kenya Park…Other Quick News

Funds available in microgrid technology competition The Alaska Center for Microgrid Technologies has launched a competition that offers financial and lab assistance for microgrid technology development. The grand prize winner will receive $275,000 to accelerate commercialization and improve operation and efficiency of a microgrid technology. … [Read more...]

NY Prize Microgrids Show Strong Return; Industry Growth Beats Forecast

Top NY Prize microgrids show promise of a strong internal rate of return (IRR), according to data released at the Microgrid Knowledge conference in New York last week. The New York State Energy & Research Development Authority is conducting an in-depth analysis of feasibility studies submitted in the first stage of the $40 million … [Read more...]

Microgrid-Energy Storage Projects Take Note! 2015 Was Record Breaker for Storage

The microgrid-energy storage pairing is increasingly common, so it's interesting to note that the U.S. energy storage market just had both its best quarter and best year of all time. The U.S. deployed 112 MW of energy storage capacity in the fourth quarter of 2015 -- higher than all storage deployments in 2013 and 2014 combined -- bringing the … [Read more...]

How Fast is the Microgrid Market Growing, Really?

microgrid market growing

Two respected research firms regularly analyze and forecast market growth for microgrids. Both agree that microgrids will grow at a rapid clip over the next five years. But how rapid? If you try to compare the findings from the two firms -- GTM Research and Navigant Research -- you might end up scratching your head. It’s a bit of an apples and … [Read more...]

Minnesota’s Growing Community Solar Market Just Got Bigger

community solar market

With 80 MW of community solar projects expected to come online over the next few years, Minnesota has one of the fastest-growing markets for community solar. And thanks to a new ruling from the Minnesota Public Utility Commission, the market may have just gotten even bigger, said Cory Honeyman, senior analyst at GTM Research. At issue before … [Read more...]

US Microgrid Market Set to Grow 127% Over Five Years

The US microgrid market is set to grow 127 percent from 2015 to 2020, reaching 2.8 GW with a cumulative investment of $3.5 billion, according to a GTM Research report issued July 7. The report also found that: By 2020, renewables will make up 26 percent of overall U.S. microgrid capacity 44 percent of operational microgrids integrate … [Read more...]