The addressable market is projected to be $60B over the next ten years based on the current size and growth rate of the distributed energy generation market of $550bln. Worldwide revenue from microgrids is estimated to grow from $12.1 billion in 2015 and projected to exceed $40.7 billion by 2020 (Navigant Research); Microgrid Enabling Technologies (MET) worldwide investment is expected to total more than $155.0 billion from 2014 through 2023 (Navigant Research).
The energy market has reached three fundamental tipping points; firstly, renewable energy (mainly solar and wind) has become cheaper than fossil fuels, secondly the cost and sophistication of grid scale energy storage systemshas come down the cost curve and thirdly, microgrid controller technology and suppliers have matured to a point where they have become viable to be used at scale.
The challenge we are addressing is how to produce a highly accurate performance prediction model and continuous optimization for renewable energy microgrids at a reasonable cost and within a much faster time frame than is currently possible.
Real estate developers and energy consultants, who design and build microgrids, face enormous design and development costs due to inaccurate and out of date data. Current solutions are complicated and require knowledge and expertise in many different technologies, financial and engineering, regulatory, environment costing millions.
Current solutions are complicated and require knowledge and expertise in many different technologies, financial and engineering disciplines and regulatory environment costing millions per project. These solutions result in large amounts of wasted time and billions of dollars annually holding back the rapid deployment of renewable energy globally.
There are several auto-design solutions offering feature sets that help project developers during the design and financing process.
Brightmerge develops an AI driven performance prediction models, is SaaS enabled and provides an end to end solution from simulation all the way to operations optimization supported by Introspective Systems LLC patented Dynamic Pricing models.