Current and Future Trends of Microgrid Systems

microgrid systems

Microgrid systems are a frequent topic of conversation in the energy storage community.

This blog has discussed what exactly microgrids are, and more specifically about remote telecom microgrids going green and ditching diesel. Of course, we also like to talk about our favorite microgrid projects, like an organic winery in California, an ecotourism lodge in Kenya, and an installation at the Illinois Institute of Technology.

If you’re not in the solar or energy storage industry, this may sound a bit like shop talk. But with microgrid investments increasing faster than ever and stories like Tesla’s 100% solar island microgrid in American Samoa making international headlines, it’s clear that the microgrid conversation is bigger than us. Microgrids are becoming a widely used solution around the world, providing reliable electricity to remote and developing areas, and helping to combat climate change.

Current Trends: Increasing Bankability and Market for Microgrids

Microgrid Knowledge conducted a survey of their readers over the past year and found that the greatest hindrance to installing microgrids was “Cost/Capital/Financing.” Overall, renewable energy costs are decreasing, especially in comparison to fossil fuels. This coupled with smarter microgrid technology, including reliable energy storage, is making microgrids a more financially viable option.

A recent article from Greentech Media argues why microgrids make sense financially, not just for resiliency. According to GTM, microgrids are mutually beneficial with cost-savings for utilities and end-customers, and incorporating renewables (like solar + storage) is a cost-effective and reliable way to meet carbon-reduction targets.

Additionally, the microgrid market is proving to be a diverse staging area for many different investment opportunities and business cases, providing customized value propositions.

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