Weekly Brief

3 Factors Boosting Microgrid's Efficiencies

Olivia Smith, Utilities Tech Outlook | Monday, August 10, 2020

Strategic utilization of microgrids helps the clean energy distributors to prioritize energy-saving and increase revenue generation.

FREMONT, CA: Today, renewable energy is gaining massive popularity across industries as it offers organizations the opportunities to save on electricity bills and contribute to saving planets. As renewable energy has streamlined the power sector, distributors are trying to create strategies that can increase the microgrids’ efficiency. Some of the factors that improve the performance of microgrids are listed below.

• Energy Storage Solutions

Deploying microgrids can help renewable energy distributors to track the energy flow and reduce chances of energy wastage or forgery. Microgrids can be connected to the energy storage systems, as it has the potential to assist with demand charges through peak saving. The connected microgrids and energy storage systems eliminate the need for setting up new substations for handling the rise in energy demands at peak consumption times.

• Customer-Driven Distribution

Advanced microgrids allow the distributors to analyze the energy usage patterns carefully and control the generations according to the demands or target-based on previous bills. By knowing the energy-usage behavior of the customers, professionals can share energy-saving tips and even introduce reward point systems to encourage the users to save and utilize energy more precisely.

• Empowered Local Market

Setting up microgrids proves to optimize power demand, consumption, and management. The deployment of microgrid offers a combination of clean technologies and highly efficient batteries that help the organizations operate autonomously and meet customer demands. This system makes it easy for the commercial, industrial, and institutional energy buyers to save a considerable amount of cost while insulating their facilities from risky and changing cost components across the ever-growing energy market.

Microgrids not only boost the efficiency of the energy-distribution operations but also help organizations bring strategic transformation across their energy management system.