In an article for Microgrid Media, Navigant Research says innovative business models and clear pathways to project development are what sets the C&I segment apart
Microgrids that serve a public purpose or the needs of a distribution utility often need some form of policy support, and because of their cost, often a public subsidy as well. But for microgrids that are deployed to deliver power at the lowest cost and service of the highest quality, like those in the commercial and industrial (C&I) sector, the story is different.
In an article for Microgrid Media, Peter Asmus, principal research analyst at Navigant Research, says C&I microgrids are quickly becoming more popular thanks to innovative business models, clear pathways to project development, and ongoing market interface success.
“This might appear to be a catch-22, since many assume microgrids require public support in order to make economic sense,” Asmus says. “Nevertheless, microgrids are moving forward in the C&I space, maneuvering through regulatory challenges while also navigating a changing landscape of policies that both retard and expand opportunities for creative microgrid solutions.”
Asmus says that during the next decade, the C&I sector is projected to become the fastest-growing microgrid market. By 2026, Navigant Research expects the C&I microgrid market to become a $18 billion business globally, representing more than 35% of the total microgrid market.
For additional insight, read Navigant Research's report, C&I Microgrids, which Asmus authored.