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...]
Remote Microgrids, Corruption, Celebrities and Other Quick Microgrid News
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...]
Ah, Vermont: Beautiful Forests, Maple Syrup, Tesla Powerwall…and Other Quick Microgrid News
Ah, Vermont: beautiful forests, maple syrup... and Tesla Powerwall batteries. Vermont utility Green Mountain Power (GMP) is partnering with Tesla to help its customers generate and store energy a little closer to home, while also reducing peak demand on its grid system. The result will be a more reliable, sustainable and cost-effective system for … [Read more...]
Is My Microgrid Market Forecast Better Than Yours?
Energy analyst Peter Asmus, of Navigant Research, offers insight into his work tracking the fast-moving microgrid market. My life as an industry research analyst is filled with angst. I get paid for predicting the future, but when microgrids are popping up like mushrooms in places unimagined just a few years ago, how does one stand by one’s … [Read more...]