Production from renewable resources is experiencing constant growth and investments in energy transition technologies, infrastructure, and business models increased by 27% in 2021 compared to 2020 levels, according to a new report released by BloombergNEF.
The report Energy Transition Investment Trends 2022 states that investments made in energy revolution solutions reached $755 billion in 2021 owing to sustainability ambitions set by governments and companies globally, as well as supporting climate action policies.
It is the birth of what is known as the Advanced Energy Economy, a term that encapsulates the entire ecosystem of merchandise, services and technologies that support the transmission, distribution, storage and consumption of energy in the American market, worth roughly 200 billion dollars.
In this respect, EnerNex, a CESI Company, has developed use cases, requirements, and RFPs for multiple microgrids with various primary and backup generation options. These solutions help to ensure power delivery to critical facilities, including fire stations, police stations, city halls, emergency shelters and nursing homes.
EnerNex determined the best options and developed business cases, performed cost benefit analyses for generation options including combined heat and power (CHP), natural gas and propane fuels. It also calculated the total electric load and wrote the generator specifications for several communities microgrids. Additional design considerations included the need to support cold load pickup, to operate in hurricanes, floods and other severe weather situations and the need to integrate into existing communications and electric distribution systems.