A Gartner report said Fortune 500 companies will reallocate $500 billion from traditional energy expenses to microgrids by 2027. This shift aims to manage chronic energy supply challenges and the growing demand fueled by artificial intelligence (AI).
According to Lloyd Jones, VP Analyst at Gartner, there are clear signs that electricity demand is surpassing supply due to investment delays and permitting bottlenecks.
“For Fortune 500 organizations, who spend a fair amount of their operating expenses on energy, investing in microgrids offers a better return than continuing to pay volatile utility bills,” Lloyd Jones said. “It also creates competitive advantage for day-to-day operations and derisk energy supply in the future.”
Fortune 500 companies are increasingly investing in microgrids as an alternative to relying solely on utilities. By investing in self-sufficient energy systems, companies gain more control over costs and reduce exposure to price fluctuations in the energy market.
Microgrids offer a secured and renewable energy source, which reduces carbon footprints and bolsters operational resilience. These systems allow companies to maintain their own power supply, while also potentially trading energy with the main grid under favorable conditions.
Although microgrids require substantial initial investments, the long-term benefits include uninterrupted operations and insulation from grid failures — offering a more favorable return on investment for Fortune 500 companies.
Gartner analysts predict that electricity systems will become more dynamic, with an imperative for utilities, tech companies, and other industries to adapt. For utilities, this means supporting microgrid connectivity and evolving their offerings. For tech giants and businesses, investing in reliable energy solutions like microgrids will help mitigate future supply risks and support sustainable growth.