At a CAGR of 13.67% Global Microgrid Industry Will Grow Steadily During the Period 2016-2020
A microgrid is a smaller version of a conventional centralized electrical grid. It is capable of producing power, distributing it, and controlling the flow of energy supplied to consumers within a specified geography. It can function autonomously or operate parallel with a conventional grid. However, compared with a conventional grid, the power generated by a microgrid is supplied to establishments or houses that are situated in close proximity to the plant. This reduces transmission and distribution losses, which are generally...
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