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Why Smart Microgrids are Gaining Momentum

By Howard Baldwin, Contributing Columnist

For something with “micro” in its name, microgrids are becoming a pretty big deal. Microgrids are distributed, small-scale versions of the centralized conventional electricity grid systems.

According to an August 2013 report from research firm MarketsandMarkets, the total microgrid market is expected to grow at an estimated CAGR of 17% between 2012 and 2022, reaching a total installed capacity of 15.4 gigawatts by 2022 and a value of $27 billion.

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