The Case for Energy Storage, Distributed Generation, and Microgrids

Wednesday, December 5, 2012

An IEEE commissioned report details how energy storage, distributed generation, and microgrids are likely to develop in the near future:

"POWER SYSTEMS OF THE FUTURE:
THE CASE FOR ENERGY STORAGE, DISTRIBUTED GENERATION, AND MICROGRIDS
SPONSORED BY IEEE SMART GRID, WITH ANALYSIS BY ZPRYME

Executive Summary

Collectively, energy storage, distributed generation, and microgrids will drive the evolution of energy markets over the next five years. These technologies will increase the adoption of the smart grid, and spur new markets for software and systems that integrate these technologies into modern and future energy systems. In fact, this inaugural report developed by Zpryme‟s Smart Grid Insights and IEEE Smart Grid finds that 69% of smart grid executives believe energy storage technology and distributed generation are very important to increasing smart grid development. Half (50%) said microgrid technology was very important to the development of the smart grid.
The purpose of this report is to showcase how these technologies will evolve given the rapid deployment of smart grids across the globe. Industries most likely to deploy these technologies are also examined. Further, the report highlights the major benefits that can be obtained from the deployment of energy storage, distributed generation, and microgrids. "