Courtesy of GTM Research
Right now, microgrid development is tending to occur through requests for proposals. But strategic partnerships also are emerging to bring about projects, according to GTM.
“Factors such as increasing customer demands, technological maturity, the decreasing price of renewables, and shifting regulations are driving the transformation of the microgrid market,” said Omar Saadeh, GTM senior grid analyst. “This transformation is creating viable, economic solutions for end customers looking to attain energy surety, as well as opportunities for vendors to expand the addressable market to new customer classes.”
He added that “as barriers are overcome, projects that have a connection to public safety, business continuity and grid modernization are driving the next growth phase of the microgrid market.”
The report, “North American Microgrids 2015: Advancing Beyond Local Energy Optimization,” is available for a fee here.
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