About How to calculate the electricity price of microgrid
What drives microgrid costs? Several factors affect the ultimate price of a microgrid, including how much generation and battery storage is used and whether upgrades need to be made to meet electrical safety codes, said panelist John Westerman, director of project development and engineering at Schneider Electric.
What drives microgrid costs? Several factors affect the ultimate price of a microgrid, including how much generation and battery storage is used and whether upgrades need to be made to meet electrical safety codes, said panelist John Westerman, director of project development and engineering at Schneider Electric.
Electricity bill savings can be sizeable – and grow even more sizeable over time – depending on what’s included in the microgrid, its size, and where it’s located, according to Pullins. Hitachi has a found a financial sweet spot for microgrids sized between 1.5 MW and 40 MW that include CHP, solar photovoltaics and energy storage.
Microgrid components are classified as follows in the form used to collect cost data from industry representatives for NREL’s microgrid cost database: DERs: diesel, natural gas, combined heat and power (CHP), biofuel, solar photovoltaic (PV), wind, and fuel cell and energy storage.
What is your Building Type? Who is your Utility Provider? Scale's Quick Quote Calculator provides example pricing for microgrids at facilities located in PG&E or SCE utility service areas in California.
Here Michael Boswell, vice president of distributed generation at Concord Engineering, describes how to calculate the cost of a microgrid. Guest Post Courtesy of Concord Engineering
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