Campus Microgrid Market to Boom
According to Microgrids for Campus Environments, by the end of the forecast period in 2017, the campus microgrid market will reach $777 million in annual revenue.
Microgrids are pockets of distributed energy resources that can be isolated from the utility power grid. Interest in this technology has traditionally been centered on educational campuses but demand is now growing for other campus segments such as the government, health care, industrial, and research campus markets, the report says.
The United States represents the best overall market for microgrids, according to the report. Key factors include pockets of poor power quality scattered throughout the U.S., and the structure of markets for distributed energy resources.
The latter, according to Pike, has stimulated creative aggregation possibilities behind the meter at the retail level of power service, meaning that instead of being driven by grid operators, the microgrid market in the U.S. is customer-driven.
“Microgrids offer a compelling opportunity for facilities managers in single-owner campuses to take more direct control of their electricity supply,” says senior analyst Peter Asmus.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Behind the Meter: The Many Advantages of Energy Benchmarking
- Telecommunications Companies Upgrade Their Approaches to Energy
- Cutting Energy Use in Fire Stations
- Revolution Lighting Signs School Districts in NY, NJ
- Green Building Boom Is Pumping Billions into US Economy, Retrofits Are Fueling the Trend
- Energy Management: The Internet of Things Changes Everything
- Big Biogas Project Underway Down Under
- Kroger, Love’s Sign with LSI Industries