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More Than 400 Microgrid Projects Are under Development Worldwide, Finds Navigant Research Tracker

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By Business Wirevia The Motley Fool

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More Than 400 Microgrid Projects Are under Development Worldwide, Finds Navigant Research Tracker

BOULDER, Colo.–(BUSINESS WIRE)– Recent widespread power outages from severe weather events and other causes have increased the appeal of microgrids, which can operate in isolation from the wider power grid. According to a recent tracker report from Navigant Research, the number of active microgrid projects around the world continues to increase rapidly. The report, the fourth edition of Navigant Research‘s Microgrid Deployment Tracker, identifies at least 405 microgrid projects that are currently planned, proposed, under development, or fully operating.

“The microgrid market is highly dynamic, and many projects remain under the radar,” says Peter Asmus, principal research analyst with Navigant Research. “However, the microgrid platform is moving increasingly into the mainstream, and new projects will feature substantial investments in hardware and software, and therefore represent more lucrative business opportunities than previously recognized.”

North America remains the world’s most fertile environment for microgrids, according to the report. Connecticut, which has suffered massive power outages several times in recent years, is the first state in the United States to move forward with a policy program to promote microgrids. The report identifies 219 microgrid projects in North America, more than half of the world total.

The report, “Microgrid Deployment Tracker 4Q12“, covers five microgrid market application segments and four principal geographies. The tracker lists proposed, planned, under development and operating microgrids – as well as selected projects that lay the foundation for viable microgrids over the next six years. The goal of this database is to provide the most up-to-date summary of microgrid projects available globally. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, a part of Navigant Consulting, Inc. (Navigant), provides in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYS: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Worldwide Microgrid Market Will Surpass $40 Billion in Annual Revenue by 2020, Forecasts Navigant Re

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By Business Wirevia The Motley Fool

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Worldwide Microgrid Market Will Surpass $40 Billion in Annual Revenue by 2020, Forecasts Navigant Research

BOULDER, Colo.–(BUSINESS WIRE)– With dozens of pilot programs having been launched globally, the microgrid market is moving into full-scale commercialization. Driven by falling costs for solar photovoltaic systems and the easing of prohibitions against the operation of distributed generation assets during times of grid stress, the adoption of microgrids will accelerate as awareness of – and confidence in – the platform’s capabilities grows. According to a new report from Navigant Research, revenue from deployments of microgrids will be just under $10 billion in 2013, rising to more than $40 billion annually by 2020.

“At this point in time, microgrids can provide a quality and diversity of services that incumbent utilities have been unable to match,” says Peter Asmus, principal research analyst for Navigant Research. “While utilities have shown institutional biases against the entire concept of microgrids for decades, extreme weather events and the growing recognition of microgrids as potential sources of demand response resources are building engineering and cultural support for these systems in a variety of settings.”

The less reliable the incumbent power grid performs, the greater the interest in applying smart grid platforms such as microgrids to help solve the problem. Regions of the world like the United States, where grid reliability is diminishing rather than increasing, are currently hotspots for microgrid development, according to the report. The high cost of diesel fuel for electricity generation in remote regions of the world is also a major factor in adoption of microgrid technology.

The report, “Market Data: Microgrids”, provides newly updated capacity and annual vendor revenue forecasts for the five primary microgrid market segments: commercial/industrial, community/utility, campus/institutional, military, and remote (off-grid) microgrids. The report also offers capacity and revenue forecasts for utility distribution microgrids – a segment that overlaps with community/utility and remote segments – as well as microgrid enabling technologies, the latter being the group of key components deployed within microgrids. The economic and public policy assumptions behind the forecasts are explained in detail, along with data trends and regional market drivers. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology …read more
Source: FULL ARTICLE at DailyFinance