When it comes to electricity markets, small and remote is getting big. In fact, the worldwide value of remote microgrids and nanogrids is expected to grow from $10.9 billion in 2015 to $196.5 billion in 2024, according to a new report by Navigant Research. Navigant looked at the cumulative global value of assets and services related to … [Read more...]
ABB’s Bob Fesmire explains how energy storage is becoming more refined, and acting as an enabler for microgrids.
All power systems also require the capability to balance, in real time, differences between load demand and generator output. This balancing capability—which keeps system frequency at the level where it’s designed to operate—is critical to ensure the stability and reliability of the overall power system, for both centralized power grids as well as microgrids. In a centralized grid, fossil-fuel-fired generating plants typically will ramp up or down to ensure demand and generation output remains in balance.
Copyright © 2021
