The Future of Microgrids
The market is predicted to more than double in the next five years, both in terms of installed capacity and annual value. But as grid edge technologies quickly expand, it’s a new wave of cleaner, more agile, and increasingly complex microgrids being developed, and they have the potential to dramatically change the United States power landscape.
Navigant estimates the overall value of the market for remote power systems to be in excess of $10.9 billion today. The market research company’s analysts forecast this will rise nearly 20-fold over the next decade to $196.5 billion
Microgrids being deployed today are more flexible and advanced. Enabled by emerging technologies, value propositions are becoming viable that previously were infeasible or too expensive. Where will new markets emerge over the next five years? Which markets are going to explode? What challenges do they face? How much growth will there be with installations?
Power equipment companies now investing in pilot projects and currently available market opportunities will be well positioned for market leadership as the demand for microgrids increases over time.
Attend this industry event to learn how microgrids provide a real opportunity to improve energy security throughout and to produce energy in a more environmentally friendly way, both by increasing the efficiency of our energy sources and increasing the implementation of renewables.