Microgrids have emerged as a lifesaver for the firms and institutions that are eyeing to address ever-increasing energy demands.
FREMONT, CA: The modern energy landscape consists of increasingly distributed and decentralized power sources. The emergence of renewable is further transforming the way energy is garnered, deployed, and managed. While such a proposition enhances the complexity of the electricity model, it also offers new levels of sustainability, efficiency, and energy resilience. A microgrid is the result of these propositions. A microgrid involves a group of energy resources situated in the same local area that is also connected to the national grid.
A microgrid can encompass a wider range of designs and sizes. However, the basic types include customer-owned, remote, and utility distribution. A remote microgrid supplies power to communities that are situated far from utility networks. Customer-owned microgrids are preferred at large facilities owned by a single entity such as an educational institution. A utility distribution microgrid points to part of the national grid that acts as a microgrid. Conventionally, microgrids served remote locations that were not connected to the central grid. However, technological innovations have brought microgrids within reach of large organizations and businesses. Here are the primary business benefits of microgrids.
Lowers Energy Costs
Microgrids enable businesses to leverage the lowest costing fuel sources. Further, it also eliminates power outages as microgrids allow businesses to connect to the national power grid if needed. Firms can also reduce the cost of power quality issues in the grid by depending on a microgrid tested by load banks.
Improves Energy Reliance
Institutions such as colleges, manufacturing sites, municipalities are increasingly relying on microgrids to address their power requirements. This behavior can be justified by the emergence of microgrids as a resilient power system that can ensure operations even during an emergency.
Microgrids promise an effective and sustainable answer to the ever-increasing energy demands. Sustainability is a pressing issue for the firms that are relying completely on renewable energy for their energy needs. However, microgrids address the sustainability concerns by strategically integrating renewable with non-renewable sources. Such a system significantly improves the sustainability factor and ensures an efficient supply of energy.
The above applications of a microgrid make it an attractive technology for the firms that are eyeing to address their energy concerns.