Topics In Demand
Notification
New

No notification found.

Blog
Microgrids in the USA

August 28, 2018

735

0


Listen to this article



A Microgrid is a localized group of electricity sources and loads that normally operates connected to and synchronous with the traditional wide area synchronous grid (macrogrid), but can also disconnect to island mode and function autonomously as physical or economic conditions dictate.[1]

A Microgrid can effectively integrate various sources of distributed generation, especially Renewable Energy Sources (RES) , and can supply emergency power, changing between island and connected modes.

class=image-1

The US Microgrid market is growing faster than expected, fueled by a rise in new ownership configurations, says a report released today by GTM Research.[2]  GTM now forecasts that US Microgrid capacity will reach 4.3 GW by 2020, up from the research firm’s estimate last quarter of 3.71 GW. The US currently has about 160 microgrids with 1,649 MW of capacity.

Should the growth figure hold, the market will expand 116 percent over four years, according to the third quarter report, “U.S. Microgrids 2016: Market Drivers, Analysis and Forecast.”  GTM sees US Microgrid market opportunity doubling from $836 million in 2016 to $1.66 billion in 2020.  The figure above illustrates the growth projections for US Microgrid market.

DomaniSystems has been evaluating this market for some time as the Microgrid segment represents a very profitable use case for Blockchain technology.   We recently presented our concepts of Blockchain based Smart Contract for both energy trading and Microgrid control at the Swiss-US Energy Innovation Days 2018 in Switzerland. [3]

Swiss-US Energy Innovation Days 2018 Switzerland

Blockchain Powered Smart Grid Evolution

class=image-2

class=image-3

class=image-4

class=image-5

class=image-6

class=image-7

For our earlier Blogs and more details about DomaniSystems, visit our Website at: # https://www.domanisystems.com

 

We encourage open discussion on Smart Contracts, Blockchain, Security and IoT for mutual benefit and enhancement of knowledge and understanding.  You can start your discussion or questions here.  You can also contact us directly; all the information is on our Website.

 

References:

[1]  https://en.wikipedia.org/wiki/Microgrid

[2]  https://microgridknowledge.com/us-microgrid-market-gtm/

[3]  https://www.energyinnovationdays.com/


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


dalemontrone

© Copyright nasscom. All Rights Reserved.