Published on May 22nd, 2013 | by pressroom0
Microgrid Growth Worldwide Looks Impressive
Many new microgrid projects are still under the radar, and many local projects originate organically, without official designations or titles, making them very hard to track. As a sector, however, microgrids are beginning to move into the mainstream, with a greater focus being placed on viable business models.
The result is a much more robust microgrid market than just a few years ago. According to a new report from Navigant Research, more than 480 microgrid projects are proposed, planned, under construction, or operating worldwide, representing nearly 3,800 megawatts (MW) of capacity.
“New vendors are continually entering the market and previously undiscovered projects are coming to the forefront, such as 27 projects planned or proposed in the state of Connecticut alone,” says Peter Asmus, principal research analyst with Navigant Research. “The outlines of a growing and vibrant microgrid movement are emerging, and the findings in this report reaffirm some of the market optimism surrounding microgrids, clearly demonstrating the rapid growth in the sector.”
North America remains the world’s leading market for microgrids, with a planned, proposed, and deployed capacity of 2,505 MW, representing an additional 417 MW since the fourth quarter 2012 version of the report—indicating an additional 55 projects. Of the total North American microgrid capacity, 1,459 MW is currently online and more than 1,122 MW is planned, under development, or proposed.
The report, “Microgrid Deployment Tracker 2Q13”, provides data on known microgrid projects in the proposal, planning, and deployed stages, including details on the various technologies employed in individual projects. The report includes specific information on the capacity of the following generation assets: diesel, combined heat and power, solar photovoltaic, wind, and fuel cells. It also details the rated capacity, duration, and types of energy storage for each project. The database is also segmented by world region. An Executive Summary of the report is available for free download on the Navigant Research website.
Source: Business Wire