Modeling future changes in microgrids
- May 17, 2019 11:23 pm GMT
The fundamental benefits of distributed energy are becoming more apparent, in very official ways, to governments, utilities and other entities involved in power generation and management. This is spurring investment in microgrids and grid-tied distributed energy projects, in the form of national goals for hybrid renewable microgrids, commitments to building thousands of distributed energy systems, generous incentives, large grants by international development agencies and new regulations that encourage distributed energy investment.
Last year, the share of new global energy added by distributed generation exceeded the amount added by new centralized power plants for the first time ever. According to Navigant Research, by 2026, microgrids are expected to supply three times more new power to the grid than centralized generation resources. The microgrid market is expected to reach $30 billion early in the next decade. Meanwhile, the International Energy Agency estimates that one third of all new power connections – presumably for people who currently have no access to electricity – will be enabled by microgrids, with most of those, nearly 300 million, in Africa and India.
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