Microgrid Capacity to Grow to 1.8 GW by 2018
US Microgrid capacity is expected to reach 1.8 GW by the end of 2017, according to a new report from GTM Research. The report, North American Microgrids 2014: The Evolution of Localized Energy Optimization, says the growth is being driven, in part, by a number of state-level resiliency programs.
Due to their versatility, microgrids are among the most promising tools of modern distribution networks, GTM Research said. Once fully customized to the electricity and heating needs of the end user, they deliver enhanced reliability, energy and cost efficiency. While military bases and remote communities have traditionally built and maintained the majority of microgrids in the United States, over the next five year, microgrids for critical infrastructure in cities and small communities are projected to grow the fastest.
The growth of microgrid capacity will also drive the market for new infrastructure. GTM Research anticipates the annual infrastructure market value will rise from $133 million in 2014 to $671 million in 2017. The cumulative value of the microgrid market, including investments from prior years, will exceed $3 billion by 2018.
The new GTM Research report provides an analysis of the current and future North American microgrid market, including a database of operational and planned microgrids. The report also includes a forecast through 2017 and competitive positioning of key vendors, as well as market drivers and barriers that shape the current and emerging microgrid landscape. It explores trends and costs across different microgrid market segments and delves into key projects and case-specific challenges and opportunities.
GTM Research said the success of the microgrid market hinges on the infrastructure, generation and storage industries working together.
The Microgrid Alliance (MGA) formed earlier this year with the aim of bringing together parties that want to accelerate the growth of microgrids. Founding members include General MicroGrids, Landis+Gyr, Homer Energy, Alstom, Enbala, EarthSpark International, ESTA International, and Green Energy Corp.
- Act Local, Think Global: To Drive Agrifood Supply Chain Sustainability
- 2014 Environmental Leader Product and Project Awards
- The CFO and the Sustainability Reporting Chain
- The Top 5 Things You Should Know about Big Energy Data
- 6 Steps from Getting the Most From Every Lighting Retrofit
- Trends in Energy Management: Where Should Your Next Investment Be?
- Essential Guide to Lighting Retrofits and Upgrades
- Guide to Energy, Carbon and Environmental Software
- What You Need to Know About Demand Charges
- Integrated Building Optimization
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement