In California and Texas, the recent extreme weather events have encouraged many to seek funding for microgrids, including appeals in Congress, while utilities are finding new ways to sponsor and integrate these solutions.Īmerican voters are ready for this new energy paradigm. Pedro Pierluisi, the path is now clear for Puerto Rico to add thousands more resilient and clean microgrids and protect against immediate cost pressures as well as reduce community risks in a destabilized climate. ![]() average, and have increased nearly 50 percent this year. With a commitment earlier this year from President Biden and Gov. In Puerto Rico, where long-running economic recession persists and the scars of extreme storms are fresh, the electricity costs are over 60 percent higher than the U.S. We can look to Puerto Rico for how renewable microgrids can be transformative. In a world with strained global supply chains and markets, the added disruption from climate change will likely only increase volatility and inflation. Microgrids are cost-effective, even at today’s power and fuel prices. California alone is forecast to create over 166,000 jobs by 2030, generating over $22 billion in GDP.Īt the same time, all the customers and users of those microgrids are replacing volatile prices for diesel or electricity with a fixed asset generating power and creating value. In a recent report, our organizations RMI and the Millennial Action Project, along with Guidehouse, found that renewable energy microgrids, largely based on solar and battery storage, can create 500,000 new jobs while increasing GDP by $72 billion. According to the report, every $1 million invested in renewable energy microgrid assets will create 3.4 skilled jobs and $500,000 in economic benefits. Not only can microgrids buffer us from the inflationary impact of volatile oil prices, but they can also add to employment and economic growth. It’s not just good policy, it’s good politics. Lawmakers across the political spectrum are seeing how investing in this technology can help their cities and states become more resilient against these types of disasters. From Connecticut to California, and Alaska to Puerto Rico, renewable microgrids are addressing an increasingly unreliable power grid and protecting against high-impact events such as hurricanes, earthquakes and wildfires as well as cyberattacks. Microgrids are increasingly becoming part of a new, modern electrical energy system as communities, businesses and government institutions see them as unique solutions to meet the demand for clean, resilient and efficient energy.
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