3. Paul Young - Presenter
Bio
• CPA/CGA
• 25 years of experience in Academia, Industry and Financial solutions
• Youtube Channel -
https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg
4. Agenda
• What are Smart Grids?
• What are Micro Grids?
• Smart Grids Market Size
• Microgrids Market Size
• Microgrids diagram
• Smart grids products
• IoT and Grids
5. What are smart grids
• A smart grid is an evolved grid system that manages electricity
demand in a sustainable, reliable and economic manner, built on
advanced infrastructure and tuned to facilitate the integration of all
involved.
6. What are microgrids?
• Microgrids, which are localized grids that can disconnect from the
traditional grid to operate autonomously and help mitigate grid
disturbances to strengthen grid resilience, can play an important role
in transforming the nation’s electric grid. Microgrids can strengthen
grid resilience and help mitigate grid disturbances because they are
able to continue operating while the main grid is down, and they can
function as a grid resource for faster system response and recovery.
7. Market – Smart Grids
• Deerfield Beach, FL, Jan. 28, 2016 (GLOBE NEWSWIRE) -- Zion
Research has published a new report titled “Smart Grid (Advanced
Metering Infrastructure, Distribution Automation, Software &
Hardware, Communication Technologies, Transmission Upgrades and
Cyber Security) Market: Global Industry Perspective, Comprehensive
Analysis, and Forecast, 2014-2020.” According to the report,
global smart grid market was valued at approximately USD 40.0 billion
in 2014 and is expected to reach around USD 120.0 billion in 2020,
growing at a CAGR of slightly above 18% between 2015 and 2020.
8. Market – Micro Grid
• According to the new market research report "Microgrid Market by Grid
Type (Grid-Connected, Remote/ Island, Hybrid), Component (Generation,
Switch Gear, Controls, Cables, Software & Services), Power Source (Fuel
Cell, CHP, Renewables), Vertical, and Geography - Global Forecast to
2022", the microgrid market is estimated to reach USD 34.94 Billion by
2022, at a CAGR of 10.9% between 2016 and 2022. Factors such as drop in
renewable prices, especially solar PV cells has encouraged companies to
switch to renewables, moreover, other benefits associated such as drop in
energy costs and low gas emissions among others are some of the key
drivers for the microgrid market. Additionally, increase in number of rural
electrification projects in Africa and APAC provide huge opportunities for
further growth of this market.
9. Microgrids - components
Keys Issues:
• Land management/usage
• Fabrication
• Aluminum
• Nickel
• Raw Materials
• Silica
• Rare Metals
• Vanadium
• Copper
• Nickel
• Lithium
• Backup systems
• Natural gas
• Propane
11. IoT and Micro and Smart Grids
• The Internet of Things could play a growing role in smart grid setups as the
connected devices, APIs and other architectures underpinning the IoT can help
grid operators successfully integrate data into everyday operations. IoT tools
used in the utility sector can give operators ample devices to track operations
across the grid. Specialized solutions will likely be needed for a wide range of
applications, but the growing variety of IoT systems already on the market can
help utilities set a stronger foundation for smart grid systems.
• Better, smarter, faster microgrids are coming, according to recent analysis
from Frost & Sullivan — but the capital required to implement the best-of-the-
best is still a challenge for many communities.
• “The emergence of the Internet of Things will strengthen communication channels
between machines and minimize human intervention, thereby speeding up the shift to an
integrated microgrid structure,” said TechVision research analyst Guhan Sriram R V. “The
incorporation of predictive analysis will further bolster the reliability of the microgrid.”