24 Dec '14, 3pm

Investment in microgrid technologies expected to exceed $155 billion through 2023 - #solar

Investment in microgrid technologies expected to exceed $155 billion through 2023 - #solar

from Navigant Research says microgrids have become a growing phenomenon in the global energy sector with investment in its underlying technologies forecast to total $155 billion through 2023. The report analyzes the global market for significant enabling technologies, including diesel generators, natural gas generators, fuel cells, solar photovoltaic, distributed wind, other renewables (microhydro and biomass), combined heat and power, smart islanding inverters, advanced energy storage, plug-in electric vehicle energy storage capacity and microgrid software. "Dramatic change is occurring in the microgrid market, as the economic value that these systems bring to the overall power grid becomes more and more apparent," says Peter Asmus, principal research analyst with Navigant Research. "We expect the technologies that enable these systems to play key roles in the expansion o...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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