This is an exhilarating moment in distributed energy’s history—one that marks the industry’s movement toward a more dynamic and resilient energy architecture enabled by microgrids.
The global microgrid market is experiencing unprecedented growth. New technologies and the increasing cost of power outages in an era of climate change are driving forces behind this shift.
Now is the time to capitalize on this expansion, to build your knowledge, and discover high-impact development opportunities to propel your business forward. The 8th annual HOMER International Microgrid Conference provides 8 strong sessions to stay abreast of the developments in microgrids. It’s free to attend and requires no travel for the first time ever, offering an unprecedented opportunity at no cost.
Consider our top 5 industry-shaping reasons to attend the 8th Annual HOMER International Microgrid Conference:
1. Explosive microgrid expansion worldwide
Global microgrid capacity is expected to increase from 3.5 GW in 2019 to nearly 20 GW in 2028 at a compound annual growth rate of 21.4%, according to Guidehouse Insights. In the US alone, current market value is an estimated USD 28.6 billion and projected to reach USD 47.4 billion by 2025, at a growth rate of 10.6%, reports research firm MarketsandMarkets.
2. Quickly changing regulatory climate & new finance models
Regulatory policies are shifting to make microgrid and hybrid renewable power systems easier to deploy, evidenced by ongoing developments and recommendations made by the California Public Utilities Commission.
On a national level, the Federal Energy Regulatory Commission (FERC) recently approved a historic ruling, Order 2222, enabling distributed energy resource (DER) aggregators to compete in all regional organized wholesale electric markets, encouraging innovation and reducing costs for consumers.
3. Escalating costs and frequency of power outages and mounting public concern
Instances of power outages are growing and the costs of these system interruptions are rising, calculated to be $150 billion annually in the US alone, according to a 2018 analysis by the Department of Energy.
4. Lack of energy access continues to impact developing nations
789 million people – over 10 percent of the world’s population – currently live without access to electricity and clean energy investments create 3 times the job growth as the same fossil fuel equivalent, according to Sustainable Energy for All.
5. Advances in microgrid management tools, distributed energy resources, and energy storage products, coupled with lower costs, enable an array of new configurations and possibilities.
Storage technology is improving and costs are coming down for battery energy storage. In fact, the total installed cost of Li-ion batteries could fall by an additional 54-61% by 2030, according to the International Renewable Energy Agency.
For these compelling reasons, now is the time to join the microgrid revolution.
Register Now
Join global industry experts to explore these topics and more in the rapidly changing world of microgrids during a free, five-day virtual event October 12-16, 2020. Visit microgridconference.com to register and join the microgrid revolution