Texas is freezing.
“Between 2 and 3 million customers in Texas still had no power nearly two full days after historic snowfall and single-digit temperatures created a surge in demand for electricity to warm up homes unaccustomed to such extreme lows, buckling the state’s power grid and causing widespread blackouts,” according to the Associated Press.
And, according to Bloomberg, “As much as 26,000 megawatts of load have been wiped off the grid managed by the Electric Reliability Council of Texas since Sunday, when the agency warned it would start rolling blackouts to keep the entire system from collapsing, data compiled by Bloomberg show. For reference: A megawatt can power about 200 homes in Texas, according to its grid operator.”
That’s a disaster for millions of people.
While microgrids are helping to ease part of the problem, there aren’t enough of them at the moment. However, with such a disaster, they could become far more popular.
Over the next few years, the global microgrid market could be worth up to $26 billion, according to Global Market Insights. That’s thanks in part to rising demand for “clean energy, increasing instances of cyberattacks on the energy infrastructures, growing requirement for reliable and secure global power supply, and rising global deployment of microgrids for rural electrification,” as noted by Research and Markets.