Islands are perfect locations for clean energy microgrids. Islands typically either run their own oil/diesel based energy generation or import the majority of energy that they consume, either in the form of fossil fuels for power generation, heating, and transportation, or as electricity via underwater transmission cables. High energy costs drain local resources and contribute to the high expense of living and doing business on islands. Energy import infrastructure – fuel ships and storage tanks, seabed electrical cables and substations – take up valuable real estate and can cause local problems through fuel spills and other disturbances to aquatic and onshore environments.
Islands face unique energy challenges. Island energy systems already function as de-facto microgrids, operating entirely independent from mainland systems, or sometimes behind one “master meter”. This full or partial operational independence provides a foundation to build enhanced microgrid capabilities, weaving local production of clean energy together with improved energy efficiency and advanced controls to optimize consumption and balance energy demands. High costs of the energy status quo mean that many of the newer alternative technologies can produce savings. Solar, wind and other renewables are typically cheaper than energy produced using imported fossil fuels, and batteries can be used to provide power when wind and solar are unavailable. Integrating, heating, cooling, and transportation can lead to operational efficiencies – for example charging electric vehicles or pre-cooling and heating buildings to match renewable energy production. Anbaric’s approach to island energy systems combines capital investments with a proven implementation record and partnerships with industry leaders in microgrids, clean energy, and emerging technologies such as blockchain and connected devices. This integrated approach to financing and development offers a unique value proposition for islands to build advanced clean energy microgrids that stabilize costs, strengthen resilience and reduce emissions.