Microgrid economic modeling: How to make sense of the numbers
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Most organizations strongly support the deployment of renewable distributed energy generation (DER) through microgrids for the usual reasons — improving efficiency, resilience and sustainability. However, the devil is often in the details. Communicating a clear economic proposition to stakeholders proves difficult and projects often die at the conception stage. Economic modeling of energy and microgrid projects provides:
- Clear financial indicators that can be used to convince property owners and facility managers.
- Expected energy and cost metrics that can be used to track project performance.
This presentation will cover the basics of microgrid economic modeling with examples of typical outputs.
- Understand the advantages of economic modeling for microgrid projects.
- Describe the inputs to the microgrid economic model.
- Calculate the financial return provided by the model and their limitations.
- Learn the typical modeling methodology while developing microgrid projects.
Ram Kaushik, U.S. Offer Manager, Power Division, Schneider Electric
Gary Cohen, Content Manager, CFE Media and Technology