Developments in Microgrids: State and Federal Agencies Advance Marketplace
Wednesday, April 30th 2014, 9:30am - 12:00pm EST / Streamed Panel Discussion 10:00am - 11:30am EST / 7:00am - 8:30am PST / 6:00pm - 7:30pm Paris-Brussels
Following the Hurricane Sandy recovery efforts, the Hurricane Sandy Rebuilding Task Force recommends making energy infrastructure more flexible and resilient to minimize power outages. Many states have heeded the call and are providing capital to spur the development of microgrids. Connecticut, New Jersey and New York have all jumpstarted microgrid projects through state programs, partnerships with DOE, and statewide competitions. DOE issued a funding opportunity announcement in January with a response due April 28, 2014. Further, the Microgrid Resources Coalition, a consortium of owners, operators, and developers and investors, was recently created to stimulate the growth of microgrids. At the international level, the United Nations Foundation just issued a report featuring best practices of microgrids used for rural electrification.
The Environmental Defense Fund estimates $1.5 trillion will be spent upgrading the US electric grid infrastructure over the next 25 years. With such a large amount of capital at hand and a better understanding and value attributed to microgrids, other states and national agencies will likely follow suit. This roundtable discussion will convene panel leaders to explore:
- What opportunities are there for developers to take advantage of?
- What opportunities are on the horizon?
- How to secure the funds and resources available?
- How will the regulatory landscape evolve on microgrids?
- What are the international opportunities for microgrids?
The Markle Foundation, 10 Rockefeller Plaza, 16th Floor, New York City