C&I Microgrids

C&I Microgrids
Summary
The commercial and industrial (C and I) microgrid segment is evolving into one of the most innovative microgrid markets.It is quickly maturing as risk averse energy managers become more comfortable with the microgrid platform as it is validated by other customer segments and applications. The lack of uniform standards for microgrids and the still nascent business model linkages to a large pool of available investment capital have until recently limited near-term grid-tied commercial projects globally.Today, regulations and technology cost trends are making C and I microgrids more appealing to a diverse variety of customers.The C and I microgrid segment enjoys some unique advantages.C and I clients are fiscally sound, often capital rich, and value innovation in business models.In addition, reliability is highly valued--more so than in any other microgrid segment except possibly military--and project portfoli's can scale up rapidly, replicating commercial success within short development cycles.The segment also faces a number of unique challenges, including low electric rates for industrial customers and fierce competition for capital outlay. Yet, technology trends for solar PV, advanced batteries, smart inverters, and sophisticated software controls are making cost-effective C and I microgrids increasingly attractive options.According to Navigant Research, the global capacity of C and I microgrids is expected to grow dramatically from 448.3 MW in 2017 to 5,389.1 MW annually by 2026.This Navigant Research report analyzes the global market for C and I microgrids, with a focus on the grid-tied commercial, grid-tied industrial, remote commercial, and remote industrial microgrid segments. Global market forecasts for capacity and revenue, segmented by region, application, and customer class, extend through 2026.The study provides prime mover capacity and revenue forecasts for upstream oil and gas as a reference. It also examines key market, technology, and regulatory trends related to C and I microgrids, as well as the competitive landscape.