Defining a business model for a utility-scale, multi-owner microgrid
- Aug 26, 2019 9:44 pm GMT
This item is part of the Special Issue - 2019-09 - Distributed Energy Resources, click here for more
In a distributed energy resource (DER) environment, microgrids represent an energy generation and distribution alternative to the aged macrogrid. According to Navigant research there are approximately 1800 microgrids globally, with 160 in the United States, mostly clustered around university campus and military installations. Microgrid capacity is expected to reach 4.3 GW by 2020 reported by GTM research. For context, a typical coal burning power plant generates over 600 MW. Therefore, nascent microgrid marketplace is far from mainstream yet may serve as one viable solution to our outdated and over taxed energy infrastructure. Superstorms, grid failure, cyber threats, excessive load demand add uncertainty to our energy system. Some public utilities have begun to evaluate and participate in their development as a significant stakeholder in varying types of ownership and economic structures. Monitoring recent climactic and political events, ConEdison’s teams in Distributed Generation and Innovation Lab has taken active steps to study the regulatory, technological, and financial models of the microgrid. Led by the NYU Clean Energy program, ConEdison and NYU examined various multi-stakeholder microgrid business models across the United States in order to identify patterns and establish recommendations as well as create a primer for a future multi-owner, multi-stakeholder, utility-driven microgrid business model. These are their findings.
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