Microgrid Market Applications: Decentralized Power Solutions Reshaping Energy Landscapes
As traditional power grids struggle with aging infrastructure and extreme weather events (remember the Texas grid collapse of 2023?), microgrids have emerged as resilient alternatives. The global microgrid market is projected to reach $47.8 billion by 2027 according to the 2024 Gartner Energy Transition Report, growing at 12.3% CAGR since 2022. But what's driving this surge, and how are organizations actually implementing these systems?
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