Navigant Research Report Shows Cumulative Implementation Spending on Microgrid Enabling Technologies Is Expected to Reach Nearly $112 Billion by 2026

While combined heat and power was the leading distributed energy
resources choice for microgrids in 2017, solar is expected to lead by
2026

BOULDER, Colo.–(BUSINESS WIRE)–#Biomass–A new report from Navigant
Research examines the market for microgrid enabling technologies
(MET), providing global forecasts for capacity and revenue, segmented by
technology and region, through 2026.

As one of many options to aggregate and optimize growing penetrations of
distributed energy resources (DER), the microgrid platform allows for
new levels of resilience and reliability, and can help organize mixed
asset fleets of DER at the distribution network level. With the right
set of control technologies, this platform can not only offer value
streams to site hosts, but also provide value upstream to the larger
grid. Click
to tweet: According to a new report from @NavigantRSRCH,
global cumulative MET implementation spending is expected to reach
nearly $112 billion by 2026.

“Microgrids represent a key component of an emerging Energy Cloud
focused on resilience and renewable energy integration,” says Peter
Asmus, principal research analyst with Navigant Research. “Biomass,
combined heat and power (CHP), diesel, fuel cells, hydroelectric, solar
PV, and wind represent the lion’s share of potential revenue for
microgrid implementation spending, and serve as the backbone of the
microgrid value proposition: maximizing the value of onsite power
generation.”

From a global perspective, CHP was the leading DER choice for microgrids
in terms of capacity in 2017, with 655 MW deployed, followed by solar PV
(392 MW), and then diesel (385 MW). By 2026, however, the MET landscape
is expected to shift, with solar PV jumping to a commanding lead with
3,786 MW annually, followed by energy storage with 3,292 MW, according
to the report.

The report, Microgrid
Enabling Technologies Market Overview, analyzes the global
market for MET, with a focus on eight DER: biomass, CHP, diesel, energy
storage, fuel cells, hydroelectric, solar PV, and wind. The study
provides an analysis of the market issues, including case studies,
government incentives, and emerging standards, associated with MET.
Global market forecasts for capacity and revenue, segmented by
technology and region, extend through 2026. The report also examines the
key technologies and hardware related to MET, as well as the competitive
landscape. An Executive Summary of the report is available for free
download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Microgrid Enabling Technologies Market Overview, 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.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]