The world now depends a lot on electricity and power. Activities and tasks performed daily require power. The outage may derail critical work in only a few hours. But it is impossible to control or stop the outage. What then can be done if a power outage happens and the grid goes dark? A microgrid is a solution to this problem. With renewable energy such as solar energy, microgrid-as-a-service companies are offering energy solutions.
A microgrid is a collection of interconnected loads and dispersed energy sources that operate as a single, controlled entity about the grid and are contained within well-defined electrical limits. A microgrid may function in both grid-connected and island mode by connecting to and disconnecting from the grid.
The grid links residences, workplaces, and other structures to centralized power sources, enabling the operation of devices, appliances, heating/cooling systems, and other systems. However, because of this interconnection, everyone is impacted when a section of the grid has to be fixed.
A microgrid can be useful here. Usually, a microgrid runs while linked to the main grid, but crucially, it may disconnect and run independently utilizing local energy production during emergencies like thunderstorms or power outages or for other reasons. Microgrid-as-a-service companies are developing microgrid solutions to avoid difficulties faced while power is cut.
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Top 10 microgrid-as-a-Service companies lighting households and industries
According to Global Microgrid-as-a-Service Companies’ Market Report, the market is witnessing steady growth. In 2020, the market was valued at USD 1.87 Billion and will reach USD 4.78 Billion by 2028 with a CAGR of 14.64% from 2021 to 2028.
Northern Power Systems
Northern Power Systems was founded in 1974 and is based in Vermont, United States. Distributed Energy Systems is its parent organization along with other subsidiaries. The company is one of the leading microgrid-as-a-service companies providing energy applications globally. It is also an expert in providing engineering development services to its clients.
Pareto Energy
Pareto Energy was founded in 2004 by Tim Tyler and is headquartered in Washington, United States. Pareto microgrids provide their consumers with the flexibility of economical, dependable, and ecologically friendly power systems in response to the expanding diversity of consumer energy demands.
Anbaric
Anbaric was established in 2004 and has its headquarters in Massachusetts, United States. Anarbic Holding is its parent company, it is known as one of the top microgrid-as-a-service companies in the world. The company is developing renewable energy with the development of large-scale electric transmission.
Siemens
Siemens is the world leader in different fields and has a diverse range of services for its clients. The company was founded in 1847 by Werner von Siemens and Johann Georg Halske and is headquartered in Munich, Germany. It is also the largest industrial manufacturing company.
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SolarCity
SolarCity was established in 2006 by Lyndon Rive, and Peter Rive and is headquartered in California, United States. In 2016, it was acquired by Tesla. The company is into solar energy generation systems and microgrid installations. It is known as one of the innovative microgrid-as-a-service companies.
Eaton
Eaton was established by Joseph Oriel Eaton II, Viggo V. Torbensen, and Henning O. Taube in 1911 and is headquartered in New Jersey, United States. Eaton, Crouse-Hinds Company, Tripp Lite, Cobham, and others are its subsidiaries. The company is one of the intelligent power management companies working for the betterment of the quality of life.
Spirae
Spirae is amongst innovative technology and microgrid-as-a-service companies delivering smart grid solutions to worldwide customers and partners. It was founded in 2002 by Sunil Cherian and is headquartered in Colorado, United States.
General Electric
General Electric is a renowned name in the best microgrid-as-a-service companies. It was founded by Thomas Edison, J. P. Morgan, Elihu Thomson, Charles A. Coffin, and Edwin J. Houston in 1892 and is headquartered in Massachusetts, United States. GE Healthcare, GE Aviation, GE Capital, GE Digital, and others are its subsidiaries.
ABB
ABB was established in 1988 by ASEA, Brown, and Boveri & Cie. The company is headquartered in Zurich, Switzerland, Thomas & Betts, Cylon Controls Ltd., and others are its subsidiaries. It is a pioneer in offering power and energy solutions.
Schneider Electric
Schneider Electric is based in France and was established in 1836 by Eugène Schneider, and Adolphe Schneider. By fusing energy technologies with real-time automation, software, services, and data centers, it serves homes, buildings, data centers, infrastructure, and industries.
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