The Prospects of Micro-grid

The traditional power grid provides reliable power — most of the time. But when natural disasters or security breaches threaten the grid, the ensuring blackouts can be catastrophic and costly. That’s why organisations and utilities are working together to build resilient, flexible power systems called Micro-grids. Operating either as part of the traditional grid or independently (or both), Micro-grids are revolutionising the way we manage our energy resources. 

Organisations and communities with an absolute need for dependable energy are looking to the Micro-grid as an efficient, powerful, and ingenious solution. These reliable, emergency-ready systems can lead to fewer blackouts, greater cost savings, and less dependence on fossil fuels.

The community-scale models could be cost-effective before 2020 for the mass market, and battery costs seem to be moving faster than assumed. In fact, according to a recent analysis by Navigant Research, revenue from the (currently) niche market of energy storage for micro-grids is worth $US662 million in 2014, and will be $US4 billion by 2024.

The traditional power grid provides reliable power — most of the time. But when natural disasters or security breaches threaten the grid, the ensuring blackouts can be catastrophic and costly. That’s why organisations and utilities are working together to build resilient, flexible power systems called Micro-grids. Operating either as part of the traditional grid or independently (or both), Micro-grids are revolutionising the way we manage our energy resources. 

Organisations and communities with an absolute need for dependable energy are looking to the Micro-grid as an efficient, powerful, and ingenious solution. These reliable, emergency-ready systems can lead to fewer blackouts, greater cost savings, and less dependence on fossil fuels.

The community-scale models could be cost-effective before 2020 for the mass market, and battery costs seem to be moving faster than assumed. In fact, according to a recent analysis by Navigant Research, revenue from the (currently) niche market of energy storage for micro-grids is worth $US662 million in 2014, and will be $US4 billion by 2024.

Loading...