How Microgrid Solutions Will Decarbonize Canada
Globally, power grid systems are becoming decentralized and decarbonized as more people than ever have the potential to access reliable, resilient, and renewable energy. However, the key to ending dependence on a centralized grid as well as bringing green energy to all parts of Canada, as well as the world, lies in finding intelligent and responsive micro-grid solutions for the energy sector.
Microgrids are energy supply networks built around a local power source. They are usually designed to supplement national grid supply but can operate autonomously, which is especially true in rural parts of North America. But if we want all Canadians to have reliable and affordable energy, then the development of microgrids supplied by green energy is necessary
Microgrids, which can be found all over the world, often rely on dirty energy sources like diesel. Most have low generation via sources of green energy, as they lack sufficient energy storage capacity. Not surprisingly, this sector of the energy market is growing significantly. In 2018, energy added by these new distributed sources exceeded that of centralized power plants. It is projected that, by 2026, new power supplied by microgrids will surpass centralized capacity three to one.
Grid Edge technologies, therefore, represent a significant opportunity for growth and investment within the clean energy market. The term Grid Edge includes solutions and business models that will be the key to advancing the transition towards decentralized, distributed, and transactive electric grids. Microgrids will play vital roles in the development of various forms of distributed generation. Grid Edge verticals, including grid optimization, software/analytics, and off-grid energy access are of particular interest to Inerjys.
To service all Canadians and end our dependence on fossil fuels, microgrid solutions must continue to evolve to become more resilient and reliable. And while smart microgrid solutions can deliver reliable, low-carbon energy to many, they can also enhance the more extensive, centralized grid, as well. Microgrids could integrate and distribute more diverse options for green energy across Canada. And this sector is rapidly expanding with the advancements in AI and Blockchain technologies.
Disrupting the status quo of carbon-polluting energy systems will require smart design and software to move power management as well as consumption to local control, leaving us all less dependent on large utilities. And when these local grids integrate distributed renewable energy, everyone's a winner. When combined with smart solutions for clean water management and energy storage, the future of renewable energy in Canada and around the world has unlimited possibility.