Here come the off-grid microgrids and nanogrids Navigant Research forecasts that annual revenue for off-grid power will exceed $25 billion in 2024 as remote areas of the world install microgrids and nanogrids. Nanogrids alone are expected to become a $17.5 billion annual business by 2024, driven by growing need to charge cellphones in the … [Read more...]
Led by Building Efficiency, the Advanced Energy Market is Bigger than Beer
Building efficiency led the 8 percent growth in global advanced energy in 2015, according to a new report from the Advanced Energy Economy. "The U.S. advanced energy market hit $200 billion, nearly double the nation’s beer market, larger than pharmaceutical manufacturing, and closing in on wholesale consumer electronics," said AEE in releasing … [Read more...]
New Deals for California Energy Storage Companies that Make Buildings into Virtual Power Plants
California and Hawaii are about to see more transformation of buildings into a kind of virtual power plant with projects announced this week by two energy storage companies pushing the concept. Advanced Microgrid Solutions (AMS) is working with real estate developer Irvine Company and SunEdison to create what it calls hybrid-electric buildings … [Read more...]
Quick Microgrid News…How about Wave Energy Microgrids?…Stem’s Big Game Changer
We hear a lot about solar and wind microgrids. So now how about wave energy microgrids? Australian company Carnegie Wave Energy today signed an agreement with the Republic of Seychelles to investigate commercial wave and microgrid opportunities in the 115-island country off the coast of South Africa. Under the memorandum of understanding, … [Read more...]
Stem Secures up to $100M to Finance Storage Projects; Expands into New York
Stem, a California company that combines advanced energy storage and real-time data analytics, has secured up to $100 million to finance new projects that feature its technology. The company intends to use the new fund to move into emerging markets like New York, where battery-based storage is increasingly being installed to relieve grid … [Read more...]