MICROGRID TECHNOLOGY MARKET TO QUADRUPLE

Microgrid Enabling Technologies; Distributed Generation, Inverters, Energy Storage, Load Controls, Electric Vehicles, and Software Networking: Global Market Analysis and Forecasts

3Q 2014 (Navigant Research)

“…[A] much greater emphasis is now being placed on the economic value microgrids bring to [advanced energy storage and to] the entire utility-led macrogrid…[N]ew business models designed to support full commercial implementation of microgrid systems [are being investigated]…[M]icrogrid enabling technology (MET) options…[include] technologies and services related to smart buildings, demand response, distribution and substation automation, and smart meters. The leading market opportunity within the realm of microgrids is with different forms of distributed generation (DG), including diesel generators, natural gas generators, and other forms of renewable DG…[But] advanced energy storage will represent the single largest investment category among MET options by 2023, though DG investments as a whole will still be larger. According to Navigant Research, global annual DG vendor revenue is expected to grow from $1.8 billion in 2014 to $9.6 billion in 2023…” click here for more

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