of energy, such as hydrogen or biomass, heat pumps, wind turbines, or combined heat and power. Smart Microgrids have their own control system and can be operated to achieve multiple goals such as increased resiliency or reduced costs.
The Global Microgrid Market will grow by $19 billion between 2020-2024 and reach almost $50 billion in 2025, according to Market Research. The Department of Defense has alsoTo date most Microgrid projects are treated as unique projects with no standardization in the planning and control phases of the project.
Put out some solar panels or wind turbines. All of a sudden you got yourself a microgrid.
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