How to make a profit from community microgrids

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4 FAQs about How to make a profit from community microgrids

What is an example of a community microgrid?

For example, a community microgrid in a rural area may have different objectives than a community in an urban setting [12, 20]. The rural community may prioritise energy independence and self-sufficiency, while the urban community may focus on reducing greenhouse gas emissions or increasing access to affordable energy .

How does a community microgrid work?

This, in turn, influences the technical design and overall feasibility of the community microgrid based on the community type. For example, in a community-owned microgrid, community members may have the ability to produce and consume their own energy, leading to a more balanced prosumer/consumer ratio.

Who owns a community microgrid?

Ownership and governance structures The ownership and management of community microgrids can vary greatly, from being owned and operated by utility companies, local members, third-party investors, or a combination of them . Governance structures can similarly vary, encompassing energy cooperatives, corporations and no-profit associations .

What is a community-owned microgrid?

For instance, community-owned microgrids may outsource the planning, construction, and operation of the system . In such cases, even though the community has ownership, the decision-making and control might be distributed across external actors .

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