Latest Developments in Global Microgrid Market

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Latest Developments in Global Microgrid Market

  • Semiconductors and Electronics
  • Apr 2025
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • In March 2023, ABB entered a strategic partnership with Direct Energy Partners (DEP), a start-up leveraging digital technology to accelerate the adoption of Direct Current (DC) microgrids, involving a minority investment by ABB’s venture capital unit, ABB Technology Ventures (ATV), in DEP, strengthening ABB’s position in the microgrid market
  • In September 2023, the Canadian government announced an investment of over CAD 175 million (USD 130 million) in 12 clean energy projects across Alberta, including a microgrid project for the Montana First Nation, funded under Canada’s Smart Renewables and Electrification Pathways Program (SREPs), reinforcing Canada's commitment to renewable energy and grid modernization
  • In May 2022, Caterpillar acquired Tangent Energy Solutions, an energy-as-a-service (EaaS) provider that empowers utilities and energy providers to deliver distributed energy resources through Tangent's proprietary DERMS platform, enhancing Caterpillar’s capabilities in managing and monetizing onsite energy assets such as microgrids, thus expanding its distributed energy portfolio
  • In November 2021, GE Digital and Florida Power & Light Company (FPL) inaugurated a state-of-the-art Microgrid Control Lab at the University of Central Florida, aimed at enabling engineering students and faculty to simulate real-world grid control operations, ensuring a future-ready workforce to maintain grid security and reliability
  • In October 2021, Caterpillar supplied hybrid energy solutions, including 7.5MW of battery storage, to support the microgrid at a gold mine in the Democratic Republic of the Congo, in partnership with Barrick Gold Corporation, helping to reduce diesel consumption by around 3 million liters annually and cutting down carbon dioxide emissions, marking a major step toward sustainable mining operations