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Telangana experiment solar projects

Which is better, a solar park where 100s of MW of capacity is located at one site or a distributed model where projects are set up based on the local demand-supply situation?

To experiment with the second option, the Telangana Government has been working on...

Plastic waste has been used for constructing one lakh km of roads in 11 States

Plastic remains one of the most discussed wastes. According to data released by the Central Pollution Control Board, in 2016 the country generated around 15,342 tonnes of plastic waste daily, of which, 9,205 tonnes...

Solar modules that provide energy from both the sun and reflected light are set to alter the game, writes M Ramesh

That solar power prices have fallen to historic lows — to ₹2.44 a kWhr, in one instance, well below the prices of conventional energy — seems to have done little to deter the...

Infosys maps its 10-year carbon neutrality drive

For Infosys sustainability is in its DNA.The tech bellwether’s latest report shows that it has slashed per capita electricity consumption by a whopping 51 per cent when compared with fiscal 2008, thereby saving over $150 million.

“The per...

Companies are choosing smarter shipping and packaging options for sustainability, says S Muralidhar

One of the questions I am constantly asking my grocer during every trip to his store is whether the fruit that I am eyeing is locally grown (by that I mean Indian). There is such a flood of...

An agri project handholds farmers as they turn climate smart

Saving our farms from the devastating impacts of climate change is an ardent task, given the latter’s unpredictable bearing. But the number-crunching by multiple scientific groups all over the world has unanimously agreed that the...

Country’s utilities and government regulators are focused on aggressive electrification, decentralization, and digitization efforts, report finds

A second structural impediment to fully realizing DER benefits is the current grid planning approach, which biases grid design toward traditional infrastructure rather than distributed alternatives, even if distributed solutions better meet grid needs. Outdated planning approaches rely on static assumptions about DER capabilities and focus primarily on mitigating potential DER integration challenges, rather than proactively harnessing these flexible assets.

Section II demonstrated how California could realize an additional $1.4 billion per year by 2020 in net benefits from the deployment of new DERs during the 2016-2020 timeframe. This state-wide methodology was then applied to the planned distribution capacity projects for California’s most recent GRC request, showing how the deployment of DERs in lieu of planned distribution capacity expansion projects in PG&E’s next rate case could save customers over $100 million. 

Motivated by the challenge faced in designing a grid appropriate to the 21st century, this report first focuses on determining the quantifiable net economic benefits that DERs can offer to society. The approach taken builds on existing avoided cost methodologies – which have already been applied to DERs by industry leaders – while introducing updated methods to hardto-quantify DER benefit categories that are excluded from traditional analyses. While the final net benefit calculation derived in this report is specific to California, the overall methodological advancements developed here are applicable across the U.S. Moreover, the ultimate conclusion from this analysis – that DERs offer a better alternative to many traditional infrastructure solutions in advancing the 21st century grid – should also hold true across the U.S., although the exact net benefits of DERs will vary across regions.

Designing the electric grid for the 21st century is one of today’s most important and exciting societal challenges. Regulators, legislators, utilities, and private industry are evaluating ways to both modernize the aging grid and decarbonize our electricity supply, while also enabling customer choice, increasing resiliency and reliability, and improving public safety, all at an affordable cost.

The share of renewables in overall power generation is rapidly increasing, both in developed and developing countries. Furthermore, many countries have ambitious targets to transform their power sector towards renewables. To achieve these objectives, the structure and operation of existing power grid infrastructures will need to be revisited as the share of renewable power generation increases.

Renewable energy technologies can be divided into two categories: dispatchable (i.e. biomass, concentrated solar power with storage, geothermal power and hydro) and non-dispatchable, also known as Variable Renewable Energy or VRE (i.e. ocean power, solar photovoltaics and wind). VRE has four characteristics that require specific measures to integrate these technologies into current power systems: 1) variability due to the temporal availability of resources; 2) uncertainty due to unexpected changes in resource availability; 3) location-specific properties due to the geographical availability of resources; and 4) low marginal costs since the resources are freely available.

A transition towards high shares of VRE requires a re-thinking of the design, operation and planning of future power systems from a technical and economic point of view. In such a system, supply and demand will be matched in a much more concerted and flexible way. From a technical perspective, VRE generation can be ideally combined with smart grid technologies, energy storage and more flexible generation technologies. From an economic perspective, the regulatory framework will need to be adjusted to account for the cost structure of VRE integration, to allow for new services and revenue channels, and to support new business models.

There are several technological options that can help to integrate VRE into the power system grid: system-friendly VREs, flexible generation, grid extension, smart grid technologies, and storage technologies. New advances in wind and solar PV technologies allow them to be used over a wider range of conditions and provide ancillary services like frequency and voltage control. Flexible generation requires changes in the energy mix to optimise production from both dispatchable and non-dispatchable resources. Smart grid technologies can act as an enabler for VRE integration, given their ability to reduce the variability in the system by allowing the integration of renewables into diverse electricity resources, including load control (e.g. Demand Side Management (DSM), Advanced Metering Infrastructure (AMI), and enhancing the grid operation and therefore helping to efficiently manage the system’s variability by implementing advanced technologies (e.g. smart inverters, Phasor Measurement Unit (PMU) and Fault Ride Through (FRT) capabilities).

Energy storage technologies can alleviate short-term variability (up to 2 Renewable Energy Integration in Power Grids | Technology Brief several hours), or longer-term variability through pumped-storage hydroelectricity, thermal energy storage or the conversion of electricity into hydrogen or gas.

Two immediate applications for deploying innovative technologies and operation modes for VRE integration are mini-grids and island systems. The high costs for power generation in these markets make VREs and grid integration technologies economically attractive since they can simultaneously improve the reliability, efficiency and performance of these power systems. This is, for example, the case of the Smart Grid demonstration project in Jeju Island, South Korea.

Furthermore, the right assessment and understanding of VRE integration costs are relevant for policy making and system planning. Any economic analysis of the transition towards renewables-based power systems should, therefore, consider all different cost components for VRE grid integration, such as grid costs (e.g. expansion and upgrading), capacity costs and balancing costs. Integration costs are due not only to the specific characteristics of VRE technologies but also to the power system and its adaptability to greater variability. Therefore, these costs should be carefully interpreted and not entirely attributed to VRE, especially when the system is not flexible enough to deal with variability (i.e. in the short-term).

Moreover, RE integration delivers broader benefits beyond purely economic ones, such as social and environmental benefits. Even though not straightforward, these externalities should be considered and quantified in order to integrate them into the decision-making process and maximise socio-economic benefits.

Due to the rapid technological progress and multiple grid integration options available, policy makers should build a framework for RE grid integration based on the current characteristic of the system, developing technological opportunities and long-term impacts and targets. In particular, policy makers should adopt a long-term vision for their transition towards renewables and set regulatory frameworks and market designs to foster both RE development and management of greater system variability. Such regulatory frameworks could include new markets for ancillary services and price signals for RE power generators that incentivise the reduction of integration costs.

Source: IEA-ETSAP and IRENA

The construction of connected transmission lines of the project was also given to the same project developer -- Teesta Urja Ltd subsidiary.

Wheeling Charges refers to the process of transmission of electricity from one source to another through the transmission lines or grid.

The transaction, which would be the third by the Indian firm, will help the company to expand its presence in Europe and get access to key auto component markets in Western Europe.

In the gas utilities segment, the report warned that gas marketers will face complexities as they will pay the GST on transmission tariffs, while sale of natural gas is outside the purview of GST.

The firm will expand into refinancing and launch special financial packages for power transmission projects won through competitive bidding, chairman Rajeev Sharma told ET.

There has been 40 per cent (more than one third) increase in transmission capacity from 5,30,546 MVA in March 2014 to 7,40,765 MVA in March 17, the ministry said.

SHANGHAI, July 21, 2017 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesola.com) (NYSE: SOL), a leading fully-integrated solar project developer and provider of energy-efficient products, today announced that its annual general meeting (the "AGM") will be held at the office of Kirkland & Ellis International LLP at 11th Floor, HSBC Building, Shanghai IFC, 8 Century Avenue, Pudong New District, Shanghai, China at 2:00 p.m. Beijing time (2:00 a.m. U.S. Eastern Time) on August 30, 2017.

Copies of the notice of the AGM, proxy form, poll card and annual report are available on ReneSola's investor relations website at http://ir.renesola.com.

AGM Resolutions

The following resolutions to be proposed at the AGM will require a simple majority of the votes cast by the shareholders present in person or by proxy:

  1. As a resolution of shareholders, to receive, consider and approve the consolidated financial statements of the Company for the year ended December 31, 2016, together with the reports of the auditors thereon.
  2. As a resolution of shareholders, to re-elect Mr. Tan Wee Seng as a director of the Company, who is retiring by rotation and offering himself for re-election in accordance with the Company's articles of association.
  3. As a resolution of shareholders, to authorize the board of directors of the Company to re-appoint Deloitte Touche Tohmatsu Certified Public Accountants LLP as auditors of the Company until the conclusion of the next general meeting of the shareholders of the Company.

About ReneSola

Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand and technology provider of energy efficient products. Leveraging its global presence and expansive distribution and sales network, ReneSola is well positioned to provide its highest quality green energy products and on-time services for EPC, installers, and green energy projects around the world. For more information, please visit www.renesola.com.

For investor and media inquiries, please contact:

In China:

ReneSola Ltd
Ms. Rebecca Shen
+86 (21) 6280-9180 x106
This email address is being protected from spambots. You need JavaScript enabled to view it.

The Blueshirt Group Asia
Mr. Gary Dvorchak, CFA
+86 (138) 1079-1480
This email address is being protected from spambots. You need JavaScript enabled to view it.

In the United States:

The Blueshirt Group
Mr. Ralph Fong
+1 (415) 489-2195
This email address is being protected from spambots. You need JavaScript enabled to view it.

View original content with multimedia:http://www.prnewswire.com/news-releases/renesola-announces-notice-of-annual-general-meeting-300492186.html

SOURCE ReneSola Ltd.

Related Links

http://www.renesola.com/

STOCKHOLM, July 21, 2017 /PRNewswire/ --

JANUARY 1JUNE 30, 2017
(compared with the year-earlier period) 

During the period, shares in the discontinued operation Essity (the hygiene business) were distributed to SCA's shareholders and on June 15, Essity was listed on Nasdaq Stockholm. Net profit for the period mainly comprised an earnings effect of SEK 136,914m from the distribution of Essity shares. The distribution was a non-recurring event. Unless otherwise stated, only SCA's continuing operations (the forest products business) are described in this report. 

  • Net sales increased 7% to SEK 8,191m (7,665)
  • Adjusted EBITDA increased 2% to SEK 1,634m (1,602)
  • The adjusted EBITDA margin was 19.9% (20.9)
  • Adjusted operating profit amounted to SEK 1,062m (1,039)
  • Operating profit amounted to SEK 949m (1,158)
  • Net profit for the period from continuing operations amounted to SEK 651m (914)
  • Earnings per share from continuing operations amounted to SEK 0.93 (1.30)
  • Operating cash flow from continuing operations amounted to SEK 906m (1,340)

COMMENTS ON THE FINANCIAL STATEMENTS

The Annual General Meeting's decision to split SCA into two listed companies has been implemented. For every share in SCA, shareholders have received one new share in the global hygiene and health company Essity. SCA is therefore a focused and cost-efficient forest and forest products company.

The reported result for the second quarter of 2017 was significantly impacted by extended planned maintenance stops at several of SCA's mills. Earnings were similarly affected by costs for the recently completed company split, and for the major ongoing investment project at the Östrand pulp mill. Underlying earnings are stable.

General market conditions for forest industry products are relatively strong with high demand in China, North America and Europe. The exception is publication papers, which have been adversely impacted by a continued structural decline.

Supplies of timber are balanced in SCA's operating area, creating a stable raw material market.

The market balance is strong in the Wood segment, with favorable underlying demand, and prices have gradually risen. The market is driven by continued high levels of construction activity in the US and high demand for wood products in China. The European market is also strong where the building materials trade, in particular, has shown continued positive growth.

The market for kraftliner has shown strong growth in recent years and the beginning of 2017 was no exception. Underlying factors include growing online shopping and demands for high quality packaging, which are increasing the preference for kraftliner – a packaging material made from fresh fiber. We have seen stepwise price increases over the past six months and another price increase for unbleached kraftliner has been announced for August.

The pulp market developed favorably during the first six months of the year, with strong demand in China and relatively good demand in other markets. Market conditions were characterized by stable prices and volumes, with no significant inventory build-up to date due to increased production capacity. However, a weakened USD has recently resulted in lower delivery prices measured in Swedish kronor.

In view of the stable and long-term growing demand for long-fiber pulp, in particular from tissue and packaging producers, SCA decided in August 2015 to invest SEK 7.8bn in the expansion of the Östrand pulp mill. The project will double Östrand's capacity and make Östrand one of the most cost-efficient mills in the world for long-fiber kraft pulp production. The project is on track in terms of both time and budget.

INVITATION TO PRESS CONFERENCE ON THE INTERIM REPORT FOR THE FIRST SIX MONTHS OF 2017

The six-month report will be published on July 21, 2017 at about 8:00 a.m., followed by a press conference at 10:00 a.m.

At the press conference, the President and CEO, Ulf Larsson, and CFO, Toby Lawton, will present the report and answer any questions.

The press conference will be webcast live at www.sca.com It is also possible to participate by telephone by calling +44 (0) 20 7162 9960 or +1 646 851 2094 or + 46 (0) 8 5052 0337. Ring in good time before the conference commences. Specify "SCA" or conference ID no. 962387.

For further information, please contact:

Ulf Larsson
President and CEO
Tel: +46(0)60-19-46-46

Toby Lawton
CFO
+46(0)60-19-31-09

Björn Lyngfelt
Senior Vice President, Group Communications
Tel: +46(0)60-19-34-98

Nils Lindholm
Investor Relations Director
Tel: +46(0)70-585-41-05

Please note:

SCA discloses the information provided herein pursuant to the EU Market Abuse Regulation. This report has been prepared in both Swedish and English versions. In case of variations in the content between the two versions, the Swedish version shall govern. The information was submitted for publication, through the agency of the contact person set out below, on July 21, 2017 at 8:00 a.m. CET.

Björn Lyngfelt
Senior Vice President, Group Communications
Tel: +46(0)60-19-34-98

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/sca/r/interim-report-jan---june--2017,c2314988

The following files are available for download:

View original content:http://www.prnewswire.com/news-releases/sca-interim-report-jan--june-2017-300492161.html

SOURCE SCA

TULSA, Okla., July 20, 2017 /PRNewswire-USNewswire/ -- Today the Trump Administration rolled out the Unified Agenda, a regulatory scorecard/roadmap of the status of an administration's agencies' regulatory actions. The Unified Agenda moved the Environmental Protection Agency's (EPA) proposed rule on adding natural gas processing plants to the Toxics Release Inventory (TRI) from the active list to the inactive list, so minus court action challenging the agency, EPA is not moving forward on this rule. GPA Midstream Association has been advocating for EPA to withdraw the proposed rule for the past couple of years, making this a big win for the association. 

Upon finding out that GPA Midstream's efforts were successful, GPA Midstream President and CEO Mark Sutton said, "This proposed rule was duplicative, unnecessarily administratively burdensome, costly, and based on bad data. We are thrilled with EPA's decision to move this rule to the inactive list and grateful that they listened to our concerns.

"It is important to note that most, if not all, of the information that EPA was seeking is already publicly available in one form or another. This is a classic example of a 'sue and settle' case where activists petition the agency to do something and then sue the agency to ensure that it complies with their wishes. In other words, the activists try to drive and control the agency's agenda. I am pleased EPA was able to see how unreasonable this proposed rule was and also pleased that we were able to get some relief for our members."

View GPA Midstream's comments to EPA: https://gpaglobal.org/assets/gpa/pdf/comments/2017/GPA-Midstream-EPA-Comments-05-02-17.pdf

Founded in 1921, the GPA Midstream Association is a trade organization with nearly 100 corporate members of all sizes engaged in the gathering and processing of natural gas, commonly referred to as "midstream activities" in the energy sector. Natural gas is one of the world's primary energy sources and much of it must be purified, or "processed," to meet quality standards and regulations and to make useful everyday products for homes, factories and businesses. Gas processing includes the removal of impurities from the raw natural gas stream produced at the wellhead, as well as the extraction for sale of natural gas liquid products (NGLs) such as ethane, propane, butane and natural gasoline. GPA Midstream members account for more than 90 percent of NGLs produced in the United States from natural gas processing. GPA Midstream members also operate hundreds of thousands of miles of domestic gas gathering pipelines, in addition to pipelines involved with storing, transporting and marketing natural gas and NGLs.

View original content:http://www.prnewswire.com/news-releases/trump-administration-tosses-proposed-rule-adding-gas-processing-plants-to-tri-300492139.html

SOURCE GPA Midstream Association

NEW YORK, July 20, 2017 /PRNewswire/ -- Global diesel gensets is projected to grow at a CAGR of over 7%, on back of factors such as rising demand for electricity from various end user segments as a primary as well as the need for a standby power source. Moreover, widespread development of industries is projected to surge demand for electricity and thereby create enhanced business opportunities for diesel genset manufacturers across developed as well as developing economies.

Read the full report: http://www.reportlinker.com/p04998269/Global-Diesel-Gensets-Market-By-Type-By-End-User-By-Region-Competition-Forecast-Opportunities.html

According to "Global Diesel Gensets Market By Product Type, By End-User, Competition Forecast and Opportunities, 2012 - 2021", diesel gensets market is projected to grow at a strong CAGR during 2017 - 2022. On account of growing demand for prime power as well as standby power sources, especially in oil & gas exploration sites and industrial infrastructure & mining activities, demand for diesel gensets is expected to rise in the near future. Cummins Inc., Caterpillar Inc, Kohler Company, Generac Holdings, Atlas Copco, Wärtsilä Corporation, Mitsubishi Heavy Industries, Ltd., Briggs & Stratton., Wacker Neuson SE, APR Energy Plc, Kirloskar Oil Engines Ltd. Himoinsa S.L., Dresser Rand Group, Inc., F.G. Wilson Inc., Broadcrown Ltd., etc. are some of the leading players in the global diesel gensets market. "Global Diesel Gensets Market By Product Type, By End-User, Competition Forecast and Opportunities, 2012 - 2022" discusses the following aspects of diesel gensets market across the world:

- Diesel Gensets Market Size, Share & Forecast
- Segmental Analysis – By Product Type - Low Power (Up to 75 KVA), Medium Power (Between 75.1KVA and 350 KVA), High Power (Between 350.1KVA to 750 KVA) and Very High Power (Above 750 KVA); By End-User (Industrial, Commercial and Residential)
- Regional Analysis – Asia-Pacific, North America, Europe, South America and Middle East & Africa
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

- To gain an in-depth understanding of diesel gensets market globally
- To identify the on-going trends and anticipated growth in the next five years
- To help industry consultants, diesel gensets manufacturers, distributors and other stakeholders align their market-centric strategies
- To obtain research based business decisions and add weight to presentations and marketing material
- To gain competitive knowledge of leading market players
- To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interaction with diesel genset manufacturers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Read the full report: http://www.reportlinker.com/p04998269/Global-Diesel-Gensets-Market-By-Type-By-End-User-By-Region-Competition-Forecast-Opportunities.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com

__________________________
Contact Clare: This email address is being protected from spambots. You need JavaScript enabled to view it.
US: (339)-368-6001
Intl: +1 339-368-6001

View original content:http://www.prnewswire.com/news-releases/global-diesel-gensets-market-by-type-by-end-user-by-region-competition-forecast--opportunities-2012-2022-300492098.html

HOUSTON, July 20, 2017 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) announced today it intends to report its second quarter 2017 results after the market closes on Wednesday, August 2, 2017. In conjunction with the release, the Company has scheduled a conference call on Thursday, August 3, 2017 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Those interested in listening to the call may do so by telephone or by audio webcast.

By Webcast:  

Connect to the webcast via the Investor Relations section of the Parker Drilling website at http://www.parkerdrilling.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call and can be accessed on the Company's website for 12 months.



By Phone:    

Dial (+1) (412) 902-0003 at least 10 minutes prior to the scheduled start time and ask for the Parker Drilling call.




A recording of the call will be available through August 10, 2017 by dialing (+1) (201) 612-7415 and using the conference ID 13665029#.

A copy of the earnings report and related information will be available on the Company's website.

Parker Drilling provides drilling services and rental tools to the energy industry. The Company's Drilling Services business serves operators in the inland waters of the U.S. Gulf of Mexico utilizing Parker Drilling's barge rig fleet and in select U.S. and international markets and harsh-environment regions utilizing Parker-owned and customer-owned equipment. The Company's Rental Tools Services business supplies premium equipment and well services to operators on land and offshore in the U.S. and international markets. More information about Parker Drilling can be found on the Company's website at http://www.parkerdrilling.com.

Contact: Jason Geach, Vice President, Investor Relations & Corporate Development, (+1) (281) 406-2310, This email address is being protected from spambots. You need JavaScript enabled to view it..

 

View original content:http://www.prnewswire.com/news-releases/parker-drilling-announces-second-quarter-2017-earnings-release-and-conference-call-schedule-300492055.html

SOURCE Parker Drilling Company

Related Links

http://www.parkerdrilling.com

The Global Thermal Energy Storage (TES) Market is poised to grow at a CAGR of around 7.2% over the next decade to reach approximately $7.33 billion by 2025. Some of the prominent trends in the market include, rising demand for concentrated solar power plants (CSP), high cost of setup is challenging the market, recent technological developments of thermal energy storage (TES) and growth opportunities/investment opportunities.

Based on application, the market is categorized into district heating & cooling, process heating & cooling and power generation. By end user, the market is segmented into industrial and residential & commercial. Residential & Commercial segment is again further sub segmented into utilities.

Depending on technology, the market is subjected into latent heat storage, thermochemical storage and sensible heat storage. The market is segregated by storage material into molten salt, phase change material (PCM), water and other storage materials.

Current Trends:

  • Rising demand for concentrated solar power plants (CSP)
  • High cost of setup is challenging the market
  • Recent technological developments of thermal energy storage (TES)

Companies Mentioned

  • Steffes Corporation
  • International District Energy Association
  • Energy Storage Association
  • Goss Engineering
  • Cryogel
  • Caldwell Energy
  • Brightsource Energy, Inc.
  • Abengoa Solar, S.A.
  • Chicago Bridge & Iron Company
  • Evapco, Inc.
  • Natgun Corporation (DN Tanks)
  • QCoefficient, Inc.
  • Burns & Mcdonnell
  • Baltimore Aircoil Company
  • Solarreserve, LLC

Key Topics Covered:

1 Market Outline

2 Executive Summary

3 Market Overview

4 Thermal Energy Storage (TES) Market, By Application

5 Thermal Energy Storage (TES) Market, By End User

6 Thermal Energy Storage (TES) Market, By Technology

7 Thermal Energy Storage (TES) Market, By Storage Material

8 Thermal Energy Storage (TES) Market, By Geography

9 Key Player Activities

10 Leading Companies

For more information about this report visit https://www.researchandmarkets.com/research/zc7fsf/global_thermal

Media Contact:

Laura Wood, Senior Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-thermal-energy-storage-tes-market-to-reach-733-billion-by-2025---rising-demand-for-concentrated-solar-power-plants-300491653.html

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com

Top Stories

Grid List

International collaboration enables the sharing of risks, rewards and progress, and the co-ordination of priorities in areas such as technology, policy, regulation and business models. In order to reach the goals set out in this roadmap, smart grids need to be rapidly developed, demonstrated and deployed based on a range of drivers that vary across regions globally. Many countries have made significant efforts to develop smart grids, but the lessons learned are not being shared in a co-ordinated fashion. Major international collaboration is needed to expand RDD&D investment in all areas of smart grids – but especially in standards, policy, regulation and business model development. These efforts will require the strengthening of existing institutions and activities, as well as the creation of new joint initiatives.

The old definition of a microgrid was usually an electricity source, often a combined heat and power natural gas plant or a reciprocating engine generator, that provided fulltime or backup power for an industrial site, military installation, university, or remote location.

Today’s definition is much broader, incorporating cleaner technologies and more diverse customers, establishing microgrids as a key component of tomorrow’s more resilient, efficient and low-emissions electricity system.

Market Research Hub (MRH) has recently announced the inclusion of a new study to its massive archive of research reports, titled as “Global Microgrid as a Service (MaaS) Market Status, Size and Forecast 2012-2022.” This report provides an in-depth evaluation on the market for Microgrid as a Service (MaaS), elaborating on the prime dynamics influencing the development of this market. These dynamics include the major drivers, opportunities, restraints etc. Geographically, the global market is categorized into EU, United States, China, India, Japan and Southeast Asia.

With an extensive forecast period of 2016 to 2021, the analysts have studied major dynamics for the market, which can be helpful for the established players as well as new entrants in this market. In terms of geography, with constant rising industrial sector, countries such as China, India, Japan and South Korea are gaining extensive market share of the MaaS market.

A grid-connected microgrid can be defined as, a set of distributed energy resources and interconnected loads mainly use to supply power to the main grid or utility grid. Microgrids can operate as stand-alone 'islands' and are able to provide reliable electricity even during bad weather. According to the key findings, from several years, the escalating demand for power, along with an increased need for secure, reliable and emission-free power propels the demand for microgrids. Also, it is projected that the microgrids as a service market are recording healthy growth due to various benefits offered by Microgrids, such as highly reliability, economical & effectual energy power, improvement of renewable energy sources and smart grid integration etc.

These microgrids can be divided into Grid type and Service type.

On the basis of grid type, it covers:

Grid Connected
Remote/Islanded

By service type, it includes:

Monitoring & Control Service
Software as a Service (SaaS)
Engineering & Design Service
Operation & Maintenance Service

On the other hand by applications, the report has segmented the market into Military, Industrial, Government & Education, Utility, Residential & Commercial. The Microgrid as a Service Market is having significant growth in many areas where continuous power is must such as industries, Residential & Commercial, hospitals and universities among others.

Advanced Energy Economy (AEE) said last week that global annual revenue from microgrids rose 29 percent between 2015 and last year, according to Microgrid Knowledge. The revenues totaled $6.8 million at the beginning of 2017. The report, which was prepared by Navigant Research, said that the market in the United States has more than doubled since 2011. The sector reached $2.2 billion last year after enjoying a 16 percent compound annual growth rate (CAGR), between 2015 and 2016.

Today, the microgrid technology only produces 0.2 percent of U.S. electricity (about 1.6 GW). That capacity is expected to double in the next three years, however.

Microgrids not only improve reliability and resilience – keeping the lights on during a widespread disaster that affects the main grid -- but also increase efficiency, better manage electricity supply and demand, and help integrate renewables, creating opportunities to reduce greenhouse gas emissions and save energy.
But financial and legal hurdles stand in the way of accelerating their deployment.

Each microgrid’s unique combination of power source, customer, geography, and market can be confusing for investors. Microgrids can run on renewables, natural gas-fueled turbines, or emerging sources such as fuel cells or even small modular nuclear reactors. They can power city facilities, city neighborhoods, or communities in remote areas. As we heard during our research, “If you’ve seen one microgrid, you’ve seen one microgrid.”

The legal framework can be confusing, too. Most states lack even a legal definition of a microgrid, and regulatory and legal challenges can differ between and within states. Issues include microgrid developers’ access to reasonably priced backup power and to wholesale power markets to sell excess electricity or other services. Also, franchise rights granted to utilities may limit microgrid developers’ access to customers.