The report includes several key findings. Firstly, more than 40 percent of microgrid opportunities will be represented by smaller institutions such as colleges, hospitals and military or police facilities and will generate almost $775 million by 2015. Previsouly, smaller institutions have found deploying microgrids cost prohibitive. However, SGA predicts that the cost per MW for campus and institutional networks will go down around 15 percent between now and 2015, making microgrids economically viable for smaller institutions.
Up to now, Europe and emerging markets have dominated microgrid development news. But NanoMarkets’ SGA report anticipates that well over half of the microgrid market will come from the North America over the next decade. Certain U.S. universities have early generation microgrids in place so the technology is not new. Plus, the increasing demand for power quality in North America will be realized more cost efficiently by microgrids than by more generating capacity. In addition, the U.S. military will show microgrid growth as part of the Energy Surety and Net Zero Carbon Footprint initiative. All together, it is expected that North American microgrid revenues will reach over $1.0 billion by 2015.
Among the specialist microgrid firms identified by the SGA report expected to be players in the emerging technology include Balance Energy, BPL Global, Encorp, NSEE, Pareto Energy, Valence Energy, and Viridity Energy. These firms are expected to offer automation of power resources, energy management, modeling and energy simulations, demand/response management and energy trading platforms, all scaled to the needs of the microgrid in terms of price and performance.