The post The POWER Interview: Microgrids Open New Business Models appeared first on POWER Magazine.

Microgrids offer an “all of the above” approach to distributed generation, incorporating a variety of technologies into their design. As microgrids continue to evolve, incorporating renewable power resources, fuel cells, battery energy storage, diesel and gas generator sets, microturbines, and other technologies, they also provide the opportunity to expand the business models for power producers.

Don Wingate, Vice President Utility & Microgrid Solutions at Schneider Electric, recently provided POWER with his insights about the microgrid market. He noted that technology advancements are allowing more rapid deployments, and also “more repeatable and scalable solutions that can fit different applications.”

Wingate talked about the use cases for microgrids, and how decentralized power generation can provide lower energy costs, while also increasing power quality and providing resilience and reliability. He noted the growth in deployment in areas prone to natural disasters, and also as a way for businesses to enhance their bottom lines.…

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