Microgrid state-owned concept stocks

Are microgrids a state program?

Several states have enacted legislation to include microgrids under existing state programs and incentives. The Connecticut legislature, in particular, has worked to wrap microgrids into state policies designed to support a variety of energy investments for both public and private entities.

Should Connecticut invest in microgrids?

The Connecticut legislature, in particular, has worked to wrap microgrids into state policies designed to support a variety of energy investments for both public and private entities. First, the state added microgrids to the list of qualifying projects that municipal energy improvement districts can pursue.

How much does a microgrid cost?

Microgrids are small-scale electricity networks. As of late 2020, more than 1,600 microgrids were opening in the U.S., generating more than 11 gigawatts of electricity. The cost to set up a microgrid ranges from a few hundred dollars for small projects to millions for large microgrids to serve factories, campuses, or entire communities.

Why did scale microgrid invest?

This investment is in-line with our commitment to fund and acquire innovative energy infrastructure projects that provide resiliency and clean energy solutions in markets across the United States," said Julian Torres, Chief Investment Officer of Scale Microgrid Solutions.

Should lawmakers support microgrid development?

As lawmakers in other states consider whether to support microgrid development, it’s important that policies consider the full value and reflect the suite of benefits that microgrids can provide the power grid to harness their full potential.

Which states have defined microgrids in statute?

California, Connecticut, Hawaii, Maine and Puerto Rico have defined microgrids in statute as part of larger policies tailored specifically to facilitate the development of these systems.