Navigant sees rise in grid cybersecurity spending Navigant Research is reporting today that it foresees global spending on grid cybersecurity growing from $1.8 billion in 2017 to nearly $3.2 billion in 2026. “The proliferation of the smart grid and Internet of Things (IoT) has led to the deployment of billions of networked sensing devices, … [Read more...]
Virtual power plants and transactive energy. You've heard the terms, but what exactly do they mean? And why does a leading microgrid analyst see them changing the way the power industry does business? At the center of the changes are the rise of prosumers, who once purchased energy but now produce it, helping create new opportunities for grid … [Read more...]
Navigant Research has identified 173 new microgrid projects worldwide in its Microgrid Deployment Tracker 2Q17, released this week. In all, Navigant has found 1,842 microgrids operating, under development, or proposed, representing 19,279.4 MW of capacity globally. In its last tracker, released in December 2016, Navigant had counted 1,681 … [Read more...]
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...]
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...]
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... 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...]
NRDC’s Jackson Morris explains why New York is exploring a carbon adder to meet climate goals and how it would work.
In this paper, new voltage sensitivity indexes are proposed to search and evaluate the candidate buses in a microgrid, where the energy storage systems can be installed to contribute most effectively to the system. To learn more about optimized energy storage in a microgrid download this white paper.
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