Grid-Connected Microgrids: From Research to Sustainable Implementation

Mendes, Gonçalo; Nigmatulina, Nelli

doi:10.1007/978-3-319-71057-0_113-1

Cited by 1 publication

(4 citation statements)

References 3 publications

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“…Accordingly, various financial models have been developed to manage costs and operational expenses associated with microgrid implementation. Public-private partnerships (PPPs), where private entities collaborate with governmental bodies, are prevalent in sharing the financial risks and benefits [15]. Under such partnerships, governments provide funding, including grants, subsidies, and low-interest loans, aimed at stimulating investments from the private sector.…”

Section: Financial Models For Microgrid Investmentmentioning

confidence: 99%

“…To add, social and cultural factors are significant determinants of microgrid adoption. The willingness of a community to participate in a certain government-imposed technology can vary based on factors such as socio-economic status, cultural norms, and trust in government initiatives [15]. Overcoming these social and cultural barriers requires targeted community engagement and awareness-building efforts.…”

Section: Challenges Of Implementing Microgridsmentioning

confidence: 99%

“…It is believed that innovative financial mechanisms are crucial for overcoming this hurdle. There are funding models such as public-private partnerships, community-based financing, and the utilization of green bonds or energy performance contracts [15,31] that provide accessible and affordable funding to facilitate the widespread adoption of microgrid technology.…”

Section: Solutions For the Successful Implementation Of Microgridmentioning

confidence: 99%

“…Technological innovations constitute significantly, as they advance the efficiency, reliability, and scalability of microgrid components [15,33]. Research and development efforts are directed towards integrating smart grid technologies, advanced control systems, and energy storage solutions to enhance the overall resilience and performance of microgrid systems [12].…”

Section: Solutions For the Successful Implementation Of Microgridmentioning

confidence: 99%

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Empowering Sustainability: Understanding Determinants of Consumer Investment in Microgrid Technology in the UAE

Sajwani,

Soudan,

Olabi

2024

Energies

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This study aims to analyze the determinants that influence the consumers’ disposition to invest in microgrid technology in the United Arab Emirates (UAE). This research offers valuable insights for policymakers on investors’ motivations to develop strategies to foster microgrid technology adoption through end-user investments leading to a reduction in microgrid high capital cost. The study employed descriptive statistics, correlation, and regression analyses to analyze the responses of a sample of property owners to a quantitative survey. The study examines such variables as strategic alignment, profitability, digitization, renewable energy utilization, CO2 emission reduction, and disaster recovery readiness. The data collected reveal a moderate level of understanding and cost-awareness of microgrid technology among the respondents, with a mean of 2.46 out of 5. Notably, the data highlight the significant influence of strategic alignment with the UAE’s national energy goals on the respondents’ inclination to invest in microgrids, with a strong positive correlation of 0.942 at the 0.01 level (two-tailed). By comparison, profitability and disaster recovery have a comparatively weaker correlation. Furthermore, based on the data collected during this study, it has been determined that there is a strong value added by the microgrid initiatives considering the UAE’s strategic direction and the positive influence of reduced CO2. The regression models used were highly significant at F = 85.690. There is an acceptable level of multicollinearity with VIF values ranging from 1.087 to 2.155. UAE Strategy has low collinearity. UAE Strategy emerges as the only significant predictor of willingness to invest (p < 0.001) in the stepwise regression analysis. The analysis shows that villa and townhouse owners are willing to invest in community microgrid given that it is aligned with UAE strategy and leads to CO2 emissions reduction.

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Section: Financial Models For Microgrid Investmentmentioning

confidence: 99%

Section: Challenges Of Implementing Microgridsmentioning

confidence: 99%

Section: Solutions For the Successful Implementation Of Microgridmentioning

confidence: 99%