Microgrid Economics – Microgrids Growing Faster Than Larger Grids
Logistics Viewpoints
AUGUST 3, 2023
According to Wood Mackenzie, the US microgrid market is expected to grow at a compound annual growth rate (CAGR) of 19% from 2022 to 2027. According to the Solar Energy Industries Association (SEIA), the average cost of a US commercial PV system has fallen by about 60% since 2017. The cost of grid power has been increasing.
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