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Microgrid Market to Grow by USD 41.38 Billion from 2025-2029, Driven by Demand to Address Power Infrastructure Issues, Report on Market Evolution Powered by AI – Technavio – Technavio

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NEW YORK, Feb. 11, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global microgrid market  size is estimated to grow by USD 41.38 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  16.4%  during the forecast period.  Growing demand for microgrids to tackle power infrastructure issues is driving market growth, with a trend towards rapid advances in technology. However, high implementation costs  poses a challenge. Key market players include ABB Ltd, Anbaric Development Partners LLC, Canopy Power, Eaton Corp., Emerson Electric Co., Exelon Corp., General Electric Co., General MicroGrids, Gram Power (India) Pvt. Ltd., Honeywell International Inc., Pareto Energy, Power Analytics Corp., Powerhive Inc., S and C Electric Co., Schneider Electric SE, Siemens AG, Spirae LLC, Tesla Inc., TotalEnergies SE, and UL Solutions Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Application (Remote, Institutions and campus, Military, and Others), Connectivity (Grid connected and Off-grid connected), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

ABB Ltd, Anbaric Development Partners LLC, Canopy Power, Eaton Corp., Emerson Electric Co., Exelon Corp., General Electric Co., General MicroGrids, Gram Power (India) Pvt. Ltd., Honeywell International Inc., Pareto Energy, Power Analytics Global Corp., Powerhive Inc., S and C Electric Co., Schneider Electric SE, Siemens AG, Spirae LLC, Tesla Inc., TotalEnergies SE, and UL Solutions Inc.

Key Market Trends Fueling Growth

The electricity utility business is undergoing significant transformations with microgrids emerging as the new foundation of the electricity sector. Advancements in compact energy storage systems, advanced control systems, and efficient renewable power generation sources are enabling the creation of energy resources closer to consumers without compromising energy quality. The declining cost of power generation is driving the adoption of decentralized power systems like microgrids, which is expected to increase their popularity among consumers. Blockchain technology, known for its association with bitcoins, is being integrated into microgrid systems for peer-to-peer energy trading. For instance, Brooklyn Microgrid’s blockchain-based peer-to-peer energy trading system approved a 12-month pilot program in early 2020, allowing locals to buy and sell solar energy within the New York City region. This initiative empowers individuals with surplus energy to earn income, revolutionizing the microgrid industry. Current microgrid systems utilize several power electronic devices and energy sources while connected to the grid or in island mode. The US Department of Energy (DOE) has designated R&D programs to develop next-generation microgrids with a capacity of less than 10 MW, capable of reducing outage time by more than 98%, reducing emissions by over 20%, and improving system efficiency by more than 20%. The USD425 million allocated to the Advanced Research Projects Agency-Energy, USD2,848 million to the Energy Efficiency and Renewable Energy, USD750 million to Fossil Energy’s R&D programs, and USD190 million to the Office of Electricity are expected to foster new technologies, enabling microgrids to work in parallel with utility distribution grids and transition seamlessly to an autonomous power system mode. These technological advancements will accelerate microgrid adoption and potentially disrupt the traditional power sector. Collaboration between utilities on microgrid projects is also anticipated due to these developments. Consequently, these factors are projected to fuel the growth of the global microgrid market during the forecast period. 

Microgrids are becoming a significant trend in the electric system, offering reliable electricity supply through renewable resources like wind, solar, and hydrogen. Smart microgrids are gaining popularity as power sources for regional electric grids, with prototypes using wind turbines, solar PV, and fuel cells. Hydraulic fracturing technology and diesel gensets are still used, but the shift is towards hybrid technology and distributed energy resources. Defense microgrids ensure energy security for defense bases and remote installations, including healthcare facilities and residential infrastructure. Energy storage systems reduce transmission losses and provide backup power for data centers, lighting, electronic goods, and public infrastructure like streetlights and traffic signals. The shift to microgrids reduces carbon footprint and decreases dependence on traditional fuel sources like diesel and fossil fuels. 

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Market Challenges

Microgrids represent a complex and costly power generation solution, involving advanced technologies for power generation resources, distribution infrastructure, and control systems. These components are categorized as infrastructure, generation, and controls. The cost of building a microgrid varies significantly, ranging from USD250,000 to USD100 million, depending on the specific customer requirements. Integration with additional technologies to ensure platform functionality increases equipment production costs. In the US, microgrids must adhere to mandatory standards like IEEE 1547 and 2030 for interaction with local utility distribution grids and their energy management systems (EMS), distribution management systems (DMS), and supervisory control and data acquisition (SCADA) systems. The high cost of microgrid components is a significant challenge for the global microgrid market’s growth.Microgrids offer a solution to various challenges in the power sector, including rural electrification, grid instability, and urbanization. In remote areas, microgrids can provide reliable electricity using solar-powered water pumps and energy-efficient technologies. Grid resiliency is improved through the use of local energy communities, grid-connected assets, and sophisticated controllers. Microgrid project implementation requires system engineers, monitoring systems, and a microgrid financing scheme. Hybrid microgrids can combine generators like CHP systems, natural gas, diesel, and energy storage devices. Grid-connected connectivity ensures power quality and grid infrastructure stability. Remote energy management and smart control solutions enable efficient distribution networks and fuel consumption solutions. Microgrid topologies and micro-sources vary, with hybrid networks offering the greatest flexibility. Power producers and energy storage devices play crucial roles in this growing market.

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Segment Overview 

This microgrid market report extensively covers market segmentation by

ApplicationRemoteInstitutions And CampusMilitaryOthersConnectivityGrid ConnectedOff-grid ConnectedGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

1.1 Remote- Remote microgrids have become essential in villages and regions where grid-connected power is unavailable or intermittent. The average capacity of these microgrids ranges from 10 kW. Prospective markets include India, Indonesia, Bangladesh, and several African and Southeast Asian countries. Diesel generators remain a significant component of remote microgrids, but the declining cost of solar panels and advancements in energy storage are enabling clean energy microgrids to reach areas where grid investments are not feasible. Energy storage systems are added to microgrids to reduce fuel costs, meet peak loads, and improve diesel generator efficiency. The increasing demand for electricity in remote areas, outpacing the expansion rate of conventional grids, is driving the deployment of remote microgrids. These systems are self-sustaining and not connected to grids, employing standalone power sources such as diesel generators, solar, and wind energy. Energy storage systems store excess solar and wind energy, providing continuous and reliable power. Remote microgrids offer ancillary services, including frequency and load regulation, which benefit utilities by increasing the integration of renewable energy sources into the grid, fueling their growth during the forecast period.

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Research Analysis

Microgrids are local electric systems that can operate independently or in parallel with the main power grid, supplying electricity to a local community or organization. They are becoming increasingly popular as the integration of renewable resources into electric grids grows. Microgrids utilize various power generation sources, including wind energy, solar energy, hydrogen, fuel cells, and battery storage systems. They can also include dispersed energy resources such as microturbines, wind turbine generators, solar generators, and energy storage. Microgrids can be designed with various topologies, including hybrid microgrid networks, to manage peak loads and electrical networks more efficiently. Smart microgrids can link loads and micro-sources to optimize energy usage and ensure a reliable electricity supply. Solar PV and other renewable resources play a significant role in microgrid power generation, while energy storage solutions help manage fluctuations in supply and demand. Off-grid microgrids provide electricity to remote areas not connected to the main power grid.

Market Research Overview

The microgrid market encompasses the development, implementation, and operation of electric systems that can operate independently or in parallel with the main power grid. These electric systems utilize renewable resources such as wind, solar, hydrogen, and others as power sources. Microgrids offer energy security and resilience, particularly in remote locations and defense applications. Smart microgrids use sophisticated controllers and monitoring systems to optimize energy usage and ensure grid stability. Fuel cells and battery storage systems provide backup power and energy storage capabilities. Microgrids can also be integrated with distributed energy resources like solar panels, wind turbines, and hydropower generators. The market includes various grid projects, from small-scale residential infrastructure to large-scale defense bases and data centers. Microgrids can reduce carbon footprint by utilizing renewable energy sources and energy-efficient technologies. The market also includes grid infrastructure development projects, rural electrification, and urbanization initiatives. Microgrids can help mitigate grid instability and congestion, making them an essential component of modern energy systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationRemoteInstitutions And CampusMilitaryOthersConnectivityGrid ConnectedOff-grid ConnectedGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Great Place To Work names Invisors on the 2026 Best Workplaces for Women List, Ranking no.65

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Invisors named a UK’s Best Workplaces for Women™!

GLASGOW, Scotland, July 24, 2026 /PRNewswire/ — Invisors, a Workday Services Partner has officially been recognized as one of UK’s Best Workplaces for Women 2026™, in 65th place out of the 350 ranked organisations.

Invisors’ values and culture are among the reasons women at our organisation say it is a great place to work. Discover how the team brings this philosophy to life at invisors.com/company-overview.

The 2026 UK’s Best Workplaces for Women list is made up of employers whose people have told Great Place To Work® UK they work for a place that is inclusive and equitable for all. The 350 companies on the list are committed to ensuring a reasonable balance of women and men across the organisation; removing barriers to women’s career advancement; and creating workplaces where all employees, regardless of gender, can flourish.

“I’m incredibly proud to see Invisors recognized as a Top Place for Women to Work. This award reflects the culture we’ve built together—one that values inclusivity, flexibility and empowerment. It’s a place where people are supported to bring their whole selves to work, grow their careers and strive for excellence every day.” Jennifer Donnelly-Corbett, EMEA Manager, HCM and Absence at Invisors.

Benedict Gautrey, Managing Director of Great Place To Work UK says:

“This year’s UK’s Best Workplaces for Women list celebrates businesses making a genuine difference day to day, not just in what they say, but in how people experience work. What matters most is that this recognition comes directly from women working in these organisations, who tell us they feel supported, valued, and able to grow.

Our research demonstrates that these organisations creating high-trust environments deliver stronger results, whether in financial outcomes, impact, or service delivery, alongside greater agility and resilience in the face of change.

Congratulations to Invisors for creating an environment where inclusion is clearly felt in practice.” 

Matt Smith, Managing Director, Global HR Operations, Invisors “Being named as one of the UK’s Best Workplaces for Women list is an achievement because it reflects what our people actually experience, not just what we aspire to. We’ve worked to build an environment where career growth and success aren’t something women have to fight for — it’s built into how we operate. This recognition is a great step in the journey, not the finish line, and we’re committed to keeping that bar high as Invisors grows within the UK.”

About Invisors

As a certified Workday Services Partner, Invisors helps clients leverage their organisational data to make better-informed business decisions through the deployment of Workday. Invisors’ success is measured by their clients’ ability to achieve their big-picture vision. From initial deployments to ongoing projects, Invisors is dedicated to elevating perspectives and transforming results. To learn more, visit invisors.com

About Great Place To Work®

Great Place To Work® is the global authority on workplace culture, helping organisations to create exceptional, high-performing workplaces where employees feel trusted and valued. The UK’s Best Workplaces for Women™ enables these outstanding organisations to celebrate their achievements, build their employer brand, and inspire others to take action. For more information, visit www.greatplacetowork.co.uk.

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Auction Direct USA in Raleigh, NC, Makes It Easy to Shop for Used Vehicles Online

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RALEIGH, N.C., July 24, 2026 /PRNewswire/ — Auction Direct USA in Raleigh, NC, helps shoppers browse used-vehicle inventory, compare options, and complete key steps of the buying process online for a faster, more convenient shopping experience.

Auction Direct USA in Raleigh, NC, is simplifying the used vehicle shopping experience by offering convenient online tools that help drivers browse inventory, compare options, and begin the purchasing process from the comfort of home.

With a user-friendly website, shoppers can explore an extensive selection of used cars, trucks, and SUVs that fit a variety of budgets and lifestyles. Detailed vehicle listings provide important information, including photos, key features, specifications, pricing, and availability, allowing customers to make informed decisions before visiting the dealership.

The online platform also makes it easy to narrow vehicle choices using search filters for make, model, body style, price range, mileage, model year, and other preferences. These features help shoppers quickly find vehicles that meet their individual needs while saving valuable time.

In addition to browsing inventory, customers can use several digital shopping tools to streamline the buying process. Visitors can estimate monthly payments, value a trade-in, complete a finance application, and schedule a test drive online. These resources allow shoppers to prepare for their dealership visit with greater confidence and convenience.

Auction Direct USA in Raleigh, NC, regularly updates its online inventory, giving customers access to fresh vehicle selections as they become available. Whether someone is searching for a dependable commuter car, a family-friendly SUV, or a capable pickup truck, the website provides an efficient way to explore available options before stepping into the showroom.

The dealership remains committed to delivering a straightforward, customer-focused buying experience by combining a wide range of high-quality used vehicles with digital tools that simplify every stage of the shopping journey.

Drivers looking to begin their search can visit Auction Direct USA in Raleigh, NC, or browse the current inventory online to compare vehicles and take advantage of convenient shopping resources before visiting the dealership in person.

About Auction Direct USA in Raleigh, NC

Auction Direct USA in Raleigh, NC, offers a diverse inventory of quality used cars, trucks, and SUVs to meet a wide range of driving needs and budgets. By combining a customer-focused approach with convenient online shopping tools, the dealership helps make finding and purchasing a used vehicle simple, efficient, and enjoyable.

Media Contact: Tony Kicinski, 844-678-8048, tonyk@auctiondirectusa.com

 

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SOURCE Auction Direct USA

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FLAGSTAR BANK, N.A. ANNOUNCES $250 MILLION SHARE REPURCHASE PROGRAM

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Board of Directors Authorizes Repurchase of Up to $250 Million of Outstanding Common Stock, Reflecting the Bank’s Strong Capital Position and Commitment to Long-Term Shareholder Value

HICKSVILLE, N.Y., July 24, 2026 /PRNewswire/ — Flagstar Bank, N.A. (NYSE: FLG) (the “Bank”) today announced that its Board of Directors has authorized a common stock repurchase program under which the Bank may repurchase up to $250 million of its outstanding common stock over the next 12-month period.

Commenting on the repurchase program, Joseph M. Otting, Executive Chairman and Chief Executive Officer stated, “We are pleased to announce our stock buyback program, which reflects the meaningful progress we have made in executing our strategic plan, the strength of the balance sheet, and Flagstar’s long-term growth prospects. We have consistently maintained capital levels well above regulatory requirements, and we believe that returning capital to our shareholders through a share repurchase program represents a compelling and disciplined use of our excess capital at this time.

“We remain deeply committed to serving our customers and communities and we are confident that this program — alongside our continued investment in our people, products, systems, and technology — will deliver sustainable, long-term value for our shareholders.”

Repurchases may be conducted through open-market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. The timing and exact amount of any share repurchases will be subject to a variety of factors, including the availability of stock for repurchases, the Bank’s capital position and financial performance, regulatory considerations, and general market conditions. The share repurchase program does not obligate the Bank to acquire any specific number of shares and may be modified, suspended, or discontinued at any time without prior notice. Any future stock repurchase programs would be subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position and financial performance, accounting and regulatory considerations, and general market conditions.

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At June 30, 2026, the Bank had $87.7 billion of assets, $61.2 billion of loans, deposits of $67.5 billion, and total stockholders’ equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Cautionary Statements Regarding Forward-Looking Language

This press release may include forward‐looking statements by us and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding, among other things: (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to achieve profitability goals within projected timeframes and to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to execute our capital management strategies, including our ability to complete our current stock repurchase program and to implement future stock repurchase programs; (g) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (h) our ability to achieve our financial and other strategic goals, including those related to our recent holding company reorganization, which was completed in October 2025 (the “Reorganization”), our merger with Flagstar Bancorp, Inc., which was completed in December 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023, and our ability to comply with the heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; (i) the impact of the $1.05 billion capital raise we completed in March 2024; (j) the conversion or exchange of shares of our preferred stock; (k) the payment of dividends on shares of our capital stock, including adjustments to the amount of dividends payable on shares of our preferred stock; (l) the dilution of existing equity holders associated with future equity awards and stock issuances; (m) the effects of the reverse stock split we effected in July 2024; and (n) the impact of the 2024 sale of our mortgage servicing operations, third party mortgage loan origination business, and mortgage warehouse business.

Forward‐looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “should,” “confident,” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results.

Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; the ability to implement future stock repurchase programs, which are subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position, and financial performance, accounting and regulatory considerations, as well as general market conditions; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; our ability to achieve the anticipated benefits of the Reorganization; changes in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; changes relating to rent regulation and housing, including recent legislative action in New York City to freeze rents on certain rent-regulated properties; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the outcome of federal, state, and local elections and the resulting economic and other impact on the areas in which we conduct business; the impact of changing political conditions or federal government shutdowns; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; our ability to comply with heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; the restructuring of our mortgage business; our ability to achieve anticipated cost savings and enhanced efficiencies with respect to our balance sheet and expense reduction strategies; the impact of failures or disruptions in or breaches of our operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, civil unrest, international military conflict, terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed in December 2022, and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management’s attention from ongoing business operations and opportunities; the possibility that we may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected.

More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2025, and in other reports we file with the Office of the Comptroller of the Currency (the “OCC”) and voluntarily file with the Securities and Exchange Commission (the “SEC”), and which are also available on our Investor Relations website. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our securities disclosure filings. All such files are accessible on our website at ir.flagstar.com, on the OCC’s website at www.occ.gov, and on the SEC’s website at www.sec.gov.

Investor Contact:
Salvatore J. DiMartino
(516) 683-4286

Media Contact:
Jessica Torchia
(248) 312-6451

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SOURCE Flagstar Bank, N.A.

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