Greentech Lead America: In a major development in microgrid marketplace, Green Energy Corp merged with Horizon Energy Group and its subsidiary Horizon Microgrid Solutions.
The merger, according to industry experts, is viewed as a milestone in the development of microgrid services offerings.
According to Jesse Berst, the founder and chief analyst of Smart Grid News.com, the merger will help popularize microgrid-as-a-service.
Microgrids incorporate multiple types of energy generation, storage and loads, allowing for high utilization of renewable energy resources, thereby creating economic and environmental benefits to its customers.
Microgrids are able to be connected to the utility grid to purchase power from the grid or sell power back to the grid as conditions dictate.
Recently Navigant Research predicted that revenue from deployments of microgrids will be just under $10 billion in 2013, rising to more than $40 billion annually by 2020.
With dozens of pilot programs having been launched globally, the microgrid market is moving into full-scale commercialization, according to the report.
Horizon Energy’s expertise in microgrid technology will provide the know-how while Green Energy will drive the enterprise platform that can create plug-and-play code modules to customize and extend the core services.
Horizon Energy is currently engaged in the design, development, and operation of microgrids with utilities, university campuses, commercial and industrial customers and multi-family housing developments.
The merged company has the capability to design, build and operate microgrids of any size that provide our customers with sustainable locally produced power.
Berst assumes the merger as the first of the many such mergers waiting to happen in the microgrid industry.
“The combination of Horizon’s expertise in microgrids, the GreenBus and the enterprise platform enables us to take a lead position in one of the hottest markets today. We are now able to create world-class microgrid solutions optimized to customer specific needs,” said Peter Gregory, founder and Chairman of Green Energy.