Pilot Projects Could Mitigate Risks of Microgrid
Smart Grid Developments in Asia
Successful pilot projects are critical steps in learning first-hand the potential of microgrid and smart grid development.
A first step can be looking at existing assets with fresh eyes. Many rapidly expanding Asian cities are already densely packed. With often limited capital investment funds, looking to the existing built environment may provide answers for power companies exploring microgrid and smart grid pilots. Train stations, commercial buildings and even the ubiquitous Asian shopping malls may provide the perfect, already-established commercial project sites for testing.
Establishing the right environment that encourages piloting new projects, and eases financial risks will unlock essential creative and pragmatic thinking. Regulators and power companies must work hand-in-hand to make pilot schemes successful. Power companies are in a strong position to commercialize and bring scale to clean energy technologies. Systematically planning, executing and de-risking pilot programs is critical for modernizing Asia power grids.