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Technology Advances Empowering Microgrids (Technical Insights) 

  • August 2015
  • 77 pages
  • Frost & Sullivan
Report ID: 3216293

Summary

Table of Contents

Technology Advances Empowering Microgrids (Technical Insights) : Advanced Technologies Enabling A New Era of Power Generation and Energy Storage

The consumers, particularly power guzzlers, are expecting the delivery of quality power with improved system efficiency. The recent blackouts have driven concerns regarding the reliability of the existing grid and power hierarchy. A number of technologies have evolved, thanks to huge investments in the fields of energy efficiency, control systems, power monitoring, and renewable generation. Essentially, the aim is to integrate all these technologies into an automated grid supporting a small area, which can be connected to a larger main grid. This small grid should possess the ability to operate independently when required. These small grids also known as “Microgrids” improve the reliability, efficiency and sustainability of the power network. This research service includes: Overview of microgrids; Types of microgrids; Technologies empowering microgrids; Future advances in microgrids; Strategic outlook and Strategic perspectives & directions.

Key Findings

North America leads the microgrid market and this trend is expected to continue. Full fledged installations and pilot projects have already been executed in locations across North America

Improved energy storage systems
Advanced batteries and other storage devices such as super-capacitors will be used as energy storage systems as microgrids evolve to become more sophisticated.
Microgrids are expected to change the power scenario in Sub-Saharan African countries and in South America

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