It’s both an exciting and tricky time to be a developer, owner or investor of renewable energy projects. The market is increasingly attractive to more players, but factors such as tariffs and the new tax law have also muddied the waters.
The new energy industry is working to categorize the various types of microgrids and business models. The primary goal is to minimize microgrid system costs such as project development, system design, commissioning, service, support, and funding. Microgrid categories will help promote standardized designs – which will enable repeatable, modular, and scalable systems.
The way that energy is generated and consumed around the world is undergoing rapid change, bringing with it a growing instability in supply. While there are many worst-case scenarios in the world of crisis management, an energy-related failure ranks among the most frequent and most damaging, and yet it remains one of the least prepared for.
In the last five years, the cost of solar has fallen 48 percent. Annual global solar installations now total 100 gigawatts. These two facts are closely intertwined.