The problem with centralized power grids is that they can be crippled at just one point of failure, leaving consumers vulnerable to outages. According to Mark Feasel of Schneider Electric, the cost of such outages for the U.S economy overall is $150 billion a year. An irritating inconvenience for domestic consumers, prolonged outages are expensive, damaging and potentially fatal to businesses of all scales. Insurance may not necessarily cover business that are forced to close due to power outages, just as it may not reimburse damage to property or stock. Given that the question of outages is likely to be when rather than if, it is no surprise that many businesses are looking to augment their power needs with backup systems. While for some that may simply be something like a backup generator, many more are utilising microgrids. Put simply, a microgrid contains localised energy generation, distribution and in […]