BOULDER, Colo. — According to a new tracker report from Navigant Research, more than 480 microgrid projects are proposed, planned, under construction, or operating worldwide, accounting for nearly 3,800 MW of capacity.

“New vendors are continually entering this market and previously unpublicized projects keep coming to the fore, such as 27 projects planned or proposed in the state of Connecticut alone,” said Peter Asmus, principal research analyst with Navigant Research. “The outlines of a growing and vibrant microgrid movement are emerging, and the findings in this report reaffirm some of the market optimism surrounding microgrids, clearly demonstrating the rapid growth in the sector.”

North America remains the world’s leading market for microgrids, with planned, proposed, and deployed capacity of 2,505 MW, representing an additional 417 MW since the fourth quarter 2012 version of the report, which is an additional 55 projects. Of the total North American microgrid capacity, 1,459 MW is currently online and more than 1,122 MW is planned, under development, or proposed.

Publication date: 7/1/2013

Want more HVAC industry news and information? Join The NEWS on Facebook, Twitter, and LinkedIn today!