NY Prize Microgrids Show Strong Return; Industry Growth Beats Forecast

Top NY Prize microgrids show promise of a strong internal rate of return (IRR), according to data released at the Microgrid Knowledge conference in New York last week. The New York State Energy & Research Development Authority is conducting an in-depth analysis of feasibility studies submitted in the first stage of the $40 million … [Read more...]

Green Banks, Green Bonds: Financing Clean Energy Projects – Quick Microgrid News

Green Banks, Green Bonds: Financing Clean Energy Projects in India India is currently Asia’s third largest clean energy market, and is poised to become the largest in the next decade. It also has some ambitious renewable energy and climate goals: to produce 160 GW of power from solar, wind and other renewable energy by 2022. How much might … [Read more...]

Connecticut Offers Latest Funds from the $1.02B LREC & ZREC Program; Potential Microgrid Revenue

Connecticut’s investor-owned utilities have issued a request for proposals seeking low and zero emissions renewable credits (LREC/ZREC), which offer potential revenue for microgrids and other clean energy projects. State law requires that Eversource and United Illuminating make $1.02 billion in LREC and ZREC purchases from clean energy projects … [Read more...]

Bypassing Utility Models for Clean, Smart Microgrids in Emerging Markets

Energy project developers are just beginning to see the advantages of bypassing the old and “messy” electricity infrastructure in favor of clean, smart microgrids in developing countries. That was one of Haresh Patel’s observations about the information gleaned from developers for its latest Mercatus Global Advanced Energy Insights … [Read more...]

Updated: New York Launches Next Stage of $40M NY Prize

New York has issued the second NY Prize request for proposals, this one offering $8 million from the $40 million pot designated to spur community microgrid development in the state. One of the most watched microgrid opportunities in North America, the NY Prize attracted 147 microgrid proposals in its first phase last year. From those proposals … [Read more...]

Four Ontario Communities Win $5M for Solar-powered Microgrids

Ontario’s Small Communities Fund (SCF) has awarded about $5 million to four communities to develop solar-powered microgrids. The winners are among 13 infrastructure projects that will receive $10 million from the Ontario and Canadian governments in the SCF’s most recent round of funding. Communities will provide any necessary matching … [Read more...]

Australian Microgrid Companies Join Forces; Plan International Push

Two Australian microgrid companies, Carnegie Wave Energy and Energy Made Clean (EMC), have joined forces to develop solar, wave, wind and energy storage projects both at home and internationally. The companies plan to develop energy projects on islands, off-grid and in grid-connected communities. Carnegie will invest $3 million in cash and … [Read more...]

What Would You Pay for Energy Resiliency?

If you don’t know the answer, join the club. Energy resiliency – maintaining a secure energy supply even when calamity strikes – is a key reason why many want microgrids in North America. But assigning a dollar value to energy resiliency remains one of the most perplexing issues facing the microgrid industry today. Power outages cost the U.S. … [Read more...]

Microgrid-Energy Storage Projects Take Note! 2015 Was Record Breaker for Storage

The microgrid-energy storage pairing is increasingly common, so it's interesting to note that the U.S. energy storage market just had both its best quarter and best year of all time. The U.S. deployed 112 MW of energy storage capacity in the fourth quarter of 2015 -- higher than all storage deployments in 2013 and 2014 combined -- bringing the … [Read more...]

Is the Future No-Money Down Microgrids?

Solar energy took off when it came up with a way for customers to buy-in with no upfront costs. Will no-money down microgrids capture the same kind of mass market appeal? Schneider Electric, a major player in the microgrid space, thinks so. The Massachusetts-based company is modeling the approach with a microgrid to be installed at its new … [Read more...]