Weekly Microgrid News Roundup, August 23, 2016
This week’s Microgrid News Roundup includes: International initiative plans to significantly reduce electricity costs in rural India’s microgrids within the next 3 years… remote power systems expected to grow from $10.9 billion in 2015 to $196.5 billion in 2024… Santa Monica awarded $1.5 million grant for microgrid project… and more links to the most up-to-date industry news.
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Santa Monica, California, received a $1.5 million EPIC grant to plan and design a microgrid incorporating renewable energy, energy storage, and electric vehicle charging. The grant stems from the Commission’s EPIC Challenge, in which teams made up of private and governmental organizations compete to demonstrate innovative strategy models that could help accelerate zero net energy community development.
Customized Energy Solutions has developed an initiative under India Energy Storage Alliance to provide affordable and reliable power to rural consumers. The Microgrid Initiative for Campus and Rural Opportunities (MICRO) is an international initiative whose goal is reducing electricity costs in rural microgrids by 30-50% within the next 3 years. The MICRO team believes that microgrids have vast potential to transform the economic landscape in rural India
The cumulative global value of assets and services attached to the development of remote power systems is expected to grow from $10.9 billion in 2015 to $196.5 billion in 2024, According to a new report from Navigant Research. The market for remote power provision in regions not served by a traditional, centralized electricity grid is increasing, representing a growing opportunity for a variety of market players.
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This microgrid news roundup covers the week ending August 23, 2016. Look for this HOMER Microgrid News & Insight feature weekly.