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Microgrids are an emerging sector of the Smart Grid market, which we believe will exhibit significant growth over the next decade; there are already many applications where a compelling case can be made for their deployment, including hospitals, high tech office parks, educational campuses, and industrial applications. In all of these applications and more, microgrids can enhance power quality, reliability and security as well as improve energy economics.
This new report reviews the state-of-the-art in Smart Grids, discussing the likely path technologies will take in the future, and then goes on to identify and quantify the business opportunities that are emerging as microgrids are installed worldwide. We analyze these opportunities in both novel and established applications and also discuss how the new microgrids will fit with the existing grid infrastructure and in entirely off-the-grid deployments. We also discuss how regulatory frameworks facilitate and inhibit the creation of microgrids.
In addition to discussing the evolution of microgrid technology and the kind of equipment that will be used in microgrids, this report also discusses the service revenue potential from microgrids, especially sales of electricity. It provides profiles of the major projects and companies with demonstration microgrids in place as well as major microgrid projects in development and planned for the near future. Based on information from these current and planned microgrids, we provide market forecasts of microgrids and the revenue opportunities that they will generate.
From this new report, readers will come to understand which players will be the likely winners and losers in the microgrid space and why. This report will be essential reading for all firms planning to become involved in this space as well as investors who want to understand the strengths, weaknesses and strategies of the current emerging market in microgrids.
TABLE OF CONTENTS
Executive SummaryE.1 Opportunities for Microgrids in the Emerging Smart GridE.1.1 Emerging Microgrid Applications in Campus, Institutional, and Premium Power Park High-Quality Power ApplicationsE.1.2 Island Microgrids in Remote Civilian and Military ApplicationsE.1.3 Microgrids in Emerging Electrical MarketsE.2 Near-Term and Long-Term Opportunities for Microgrids in the Smart GridE.2.1 Current Opportunities for Microgrids in Near-Term Smart Grid ApplicationsE.2.2 Longer Term Opportunities for Microgrids as the Smart Grid EvolvesE.3 Key Microgrid Firms to WatchE.4 Summary of Forecasts
Chapter One: Introduction1.1 Background to This Report1.1.1 Microgrid Drivers: Much Needed Functionality and Enabling Technology1.1.2 Microgrids, Power Quality and Opportunities in the Developed World1.1.3 Island Microgrids1.1.4 Microgrid Opportunities in the Developing World1.2 Objective and Scope of this Report1.3 Methodology of this Report1.4 Plan of this Report
Chapter Two: Microgrids in Emerging Smart-Grid Applications2.1 Evolution of Microgrids and Microgrid Applications in the Emerging Smart Grid2.2 Recent Innovations that Enable Microgrid Integration into Emerging Smart Grids2.2.1 Current Prototype Microgrids and Microgrid Demonstration Facilities2.2.2 Role of Solar Energy and Wind Power in Microgrid Applications2.2.3 Role of Combined Heat and Power (CHP) in Microgrid Applications2.2.4 Role of Thermal Storage in Microgrid Applications2.2.5 Role of Electrical Storage in Microgrid Applications2.2.6 Role of Sensors to Enable Microgrids in Smart-Grid Applications2.3 Microgrids in Campus, Premium Power Park and Emerging High Quality Power Applications2.3.1 Off-Grid and Island-Grid Applications of Microgrids for Remote Regions2.3.2 Military and Other Mobile Applications for Microgrids2.4 Risk Areas to Successful Implementation of Evolving Microgrids2.5 Key Points Made in this Chapter
Chapter Three: Microgrid Economic, Regulatory and Security Landscape and Firms to Watch3.1 Traditional Electrical Production vs. Microgrids in Emerging Smart Grids3.2 Smart Grid Regulatory and Subsidy Issues that Could Accelerate or Retard the Growth of Microgrids3.2.1 Undeveloped Regions3.3 Enhanced Grid Reliability and Security as Microgrids Grow and Electrical Generation Assets Become More Distributed3.4 Standards Organizations and Their Role in Creating Microgrid-Friendly Ecosystems3.5 Microgrid Companies and Suppliers to Watch3.5.1 Microgrid and Distributed Energy Integration Firms3.5.2 Leading Utilities Involved in Microgrid Development3.5.3 Large Multinational Corporations Actively in Microgrid Development3.5.4 Suppliers of Key Components to Microgrids (Batteries, Supercapacitors and Flywheels, Cogeneration, and Microturbines)3.6 Key Points Made in this Chapter
Chapter Four: Forecasts for Microgrids in Smart-Grid Applications4.1 Forecasting Methodology4.1.1 Data Sources4.1.2 Clean Power Mandates and Possible Carbon Taxes that Drive Microgrid Demand4.1.3 Notes on the Effect of Stimulus Spending on Microgrids4.2 Roadmap for Microgrids in Smart-Grid Applications4.2.1 Campus and Institutional Applications4.2.2 Premium Power Parks4.2.3 Residential and Community-Based Microgrids4.2.4 Off-Grid Microgrids4.2.5 Military Microgrids4.3 Summary of Microgrid ForecastsAbbreviations and Acronyms Used In this ReportAbout the Author
List of ExhibitsExhibit E-1: Projected Worldwide New Microgrid Revenue by Application ($ Millions)Exhibit 4-1: Cost of Microgrid Components for Campus/Institutional Applications ($/kW)Exhibit 4-2: Worldwide Market for Microgrids in Campus/Institutional ApplicationsExhibit 4-3: Cost of Microgrid Components for Premium Power Park Applications ($/kW)Exhibit 4-4: Worldwide Market for Microgrids in Premium Power Park ApplicationsExhibit 4-5: Cost of Microgrid Components for Residential/Community Applications ($/kW)Exhibit 4-6: Worldwide Market for Microgrids in Residential/Community ApplicationsExhibit 4-7: Cost of Microgrid Components for Mature Off-Grid Applications ($/kW)Exhibit 4-8: Worldwide Market for Microgrids in Mature Off-Grid ApplicationsExhibit 4-9: Cost of Microgrid Components for Emerging Off-Grid Applications ($/kW)Exhibit 4-10: Worldwide Market for Microgrids in Emerging Off-Grid ApplicationsExhibit 4-11: Cost of Microgrid Components for Military Applications ($/kW)Exhibit 4-12: Worldwide Market for Microgrids in Military ApplicationsExhibit 4-13: Projected Worldwide Microgrid New Capacity Installed and RevenueExhibit 4-14: Projected New Microgrid Generating Capacity by Application (MW)Exhibit 4-15: Projected Worldwide New Microgrid Revenue by Application ($ Millions)Exhibit 4-16: Projected Worldwide New Microgrid Generating Capacity (MW) by RegionExhibit 4-17: Projected Worldwide Revenue for New Microgrids by Region ($ Millions)Exhibit 4-18: Projected New North American Microgrid Capacity (MW)Exhibit 4-19: Projected New North American Microgrid Revenue ($ Millions)Exhibit 4-20: Projected New European Microgrid Generating Capacity (MW)Exhibit 4-21: Projected New European Microgrid Revenue ($ Millions)Exhibit 4-22: Projected New Japanese Microgrid Generating Capacity (MW)Exhibit 4-23: Projected New Japanese Microgrid Revenue ($ Millions)Exhibit 4-24: Projected New Asian (Less Japan) Microgrid Generating Capacity (MW)Exhibit 4-25: Projected New Asian (Less Japan) Microgrid Revenue ($ Millions)