Energy storage and solar PV continue be driving forces in the microgrid industry
A new report from Navigant Research tracks data on known grid-tied and remote microgrid projects in the proposal, planning, and deployed stages across six geographies, with details on capacity, project numbers, and rankings.
The latest edition of Navigant Research’s Microgrid Deployment Tracker shows North America strengthening its claim as the leading region in global operational microgrid capacity with a 54 percent market share. North America and Asia Pacific account for 95 percent of the new project capacity, and the United States leads all countries in terms of both capacity and total number of projects. Click to tweet: According to a new report from @NavigantRSRCH, as of 4Q 2016, Navigant Research has identified 1,681 project entries, representing 16,553 megawatts (MW) of operating, under development, and proposed microgrid capacity and 126 new projects.
“The combination of solar photovoltaic (PV) and energy storage in microgrids isn’t just a fad—these two renewable technologies have been a driving force in the microgrid industry for years and their role continues to expand,” says Adam Wilson, research associate with Navigant Research. “With solar PV reaching grid parity with other traditional generation technologies, we see it move beyond remote systems, and the combination of energy storage and solar PV is becoming a more frequent combination across all segments and regions.”
Three of the most noteworthy additions to this edition of the Tracker include the 100 MW energy storage project in Andhra Pradesh India; 83 MW of solar PV and energy storage in Imperial Valley, California; and an 80 MW remote project in Newcastle Australia that includes diesel as well as solar PV and energy storage. According to the report, energy storage capacity increased by 238 MW in this update and solar PV capacity increased 203 MW, compared to 108 MW of diesel.
The report, Microgrid Deployment Tracker 4Q16, tracks data on known grid-tied and remote microgrid projects in the proposal, planning, and deployed stages in six geographies. The report covers seven microgrid segments: commercial and industrial, community, utility distribution, institutional/campus, military, remote, and direct current (DC) systems. Specific information is provided on the capacity and project numbers by distributed generation type, operational and under development/proposed capacity, top 10 countries, and top 10 US states. This Tracker also segments projects currently known to be on hold. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Microgrid Deployment Tracker 4Q16, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.