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    Home > Chemicals Industry > International Chemical > In 2026, global microgrid enabling technology spending will accumulate nearly $112 billion

    In 2026, global microgrid enabling technology spending will accumulate nearly $112 billion

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Navigant Research, a US market research institution, recently released a report that by 2026, the cumulative global spending on microgrid enabling technology will be close to $112 billion
    .

    As one of the technologies that is gaining popularity for aggregating and optimizing distributed energy resources (DER), microgrid platforms offer new levels of resilience and reliability, and can help sort out the distributed energy structure
    at the distribution network level.
    With the right control technology, microgrids can provide value streams not only for field applications, but also for large grids
    .

    Peter Asmus, principal research analyst at Navigant Research, said: "Microgrids represent a key component of emerging energy clouds, with strengths in grid self-healing capabilities and renewable energy integration
    .

    Biomass, combined heat and power (CHP), diesel, fuel cells, hydropower, solar PV and wind are expected to account for the largest share of microgrid spending by 2026 and act as the backbone of the microgrid value proposition, maximizing on-site generation capacity
    .

    From a global perspective, cogeneration was the top choice for microgrid applications in 2017, with 655 MW installed throughout the year, followed by solar PV (392 MW) and diesel (385 MW).

    However, by 2026, the deployment of microgrid enabling technologies will change
    .
    It is expected that the installation of microgrid applications in solar photovoltaic power plants is expected to jump to 3786 MW, followed by microgrid energy storage application installations, about 3292 MW
    .

    Navigant Research, a US market research institution, recently released a report that by 2026, the cumulative global spending on microgrid enabling technology will be close to $112 billion
    .

    Microgrid

    As one of the technologies that is gaining popularity for aggregating and optimizing distributed energy resources (DER), microgrid platforms offer new levels of resilience and reliability, and can help sort out the distributed energy structure
    at the distribution network level.
    With the right control technology, microgrids can provide value streams not only for field applications, but also for large grids
    .

    Peter Asmus, principal research analyst at Navigant Research, said: "Microgrids represent a key component of emerging energy clouds, with strengths in grid self-healing capabilities and renewable energy integration
    .

    Biomass, combined heat and power (CHP), diesel, fuel cells, hydropower, solar PV and wind are expected to account for the largest share of microgrid spending by 2026 and act as the backbone of the microgrid value proposition, maximizing on-site generation capacity
    .

    From a global perspective, cogeneration was the top choice for microgrid applications in 2017, with 655 MW installed throughout the year, followed by solar PV (392 MW) and diesel (385 MW).

    However, by 2026, the deployment of microgrid enabling technologies will change
    .
    It is expected that the installation of microgrid applications in solar photovoltaic power plants is expected to jump to 3786 MW, followed by microgrid energy storage application installations, about 3292 MW
    .

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