Periscope Network Market Opportunity Report - Microgrids at Large Ports
The development in critical infrastructure and the trend toward the electrification of the seas provides a new context for blue growth. Large port microgrids can support this development by balancing loads in ports, allowing for improved use of renewable energy. Such large-scale opportunities would test human ingenuity, should accelerate learning and innovation, enable the establishment of new market opportunities and exports, and create jobs. This report provides an assessment on the prospects for the microgrids at large ports. A survey has been developed to this end and has been evaluated by respondents to crowdsource a forecasted time horizon to implementation and its potential as an opportunity for the maritime and offshore industries.
Based on the data acquired through the surveys we see that the respondents estimate implementation of large port microgrids to happen in 2030, with no respondents doubting “if” it will happen, rather, making it a question of “when” it will happen.
However, political, economic, social, and technological barriers remain. Among the political factors is a need for legislation toward environmental sustainability practices and incentives to transition away from older systems. While social pressure to transition to green energy is strong, an increase the demand for electricity will put pressure on the demand for renewable energy.
While the technological feasibility is seemingly mature, costs need to come down, and the un- addressed issues concerning logistics remain—ports may struggle to implement microgrids at their current size and footprint requirements. Over time, these should decrease in size as batteries and/or other forms for electrical storage become smaller.
For further details, read the report here.