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...]

Utility Distribution Microgrids to Grow into $917M US Market by 2024: Navigant

Utility distribution microgrids will grow into a $917 million market by 2024 in the US, according to a new report by Navigant Research. Utility distribution microgrids, or UDMs, differ from conventional microgrids in that they are built to bolster a utility distribution system, rather than directly serve a microgrid customer, such as hospital, … [Read more...]

The Growing Role of Energy Storage in Microgrids

energy storage in microgrids

Adam Wilson, of Navigant Research, describes why energy storage in microgrids is likely to become the norm. Hint: Solar microgrids are on the rise. Energy storage systems (ESSs) have an important and diverse role in microgrids. Solar PV and other renewable distributed generation (DG) technologies require a voltage source in order to synchronize. … [Read more...]

Remote Microgrids, Corruption, Celebrities and Other Quick Microgrid News

When it comes to electricity markets, small and remote is getting big. In fact, the worldwide value of remote microgrids and nanogrids is expected to grow from $10.9 billion in 2015 to $196.5 billion in 2024, according to a new report by Navigant Research. Navigant looked at the cumulative global value of assets and services related to … [Read more...]

Ah, Vermont: Beautiful Forests, Maple Syrup, Tesla Powerwall…and Other Quick Microgrid News

Ah, Vermont: beautiful forests, maple syrup... and Tesla Powerwall batteries. Vermont utility Green Mountain Power (GMP) is partnering with Tesla to help its customers generate and store energy a little closer to home, while also reducing peak demand on its grid system. The result will be a more reliable, sustainable and cost-effective system for … [Read more...]

Seeking a Global Blueprint for Microgrids in Greece…and More Quick Microgrid News

Younicos, which is part of a consortium in Greece working on a global blueprint for smart microgrids, says that the Greek Island of Tilos could use renewables for more than 80 percent of its power with battery energy storage. The battery would dramatically cut use -- and therefore cost -- of fossil fuel-based power transmitted to Tilos  from a … [Read more...]

Is My Microgrid Market Forecast Better Than Yours?

microgrid market

Energy analyst Peter Asmus, of Navigant Research, offers insight into his work tracking the fast-moving microgrid market. My life as an industry research analyst is filled with angst. I get paid for predicting the future, but when microgrids are popping up like mushrooms in places unimagined just a few years ago, how does one stand by one’s … [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...]

The Challenges in Developing a Community Microgrid

developing a community microgrid

Before developing a community microgrid, it's important to engage the right experts and take into account certain market challenges, as detailed in this except from  “Community Microgrids: A Guide for Mayors and City Leaders Seeking Clean, Reliable and Locally Controlled Energy.” The value of a microgrid lies in its sophisticated ability to … [Read more...]