Independent Power Systems
Building Community Resilience: Off-Grid Renewable Energy Microgrids
Initially, this project focused on the creation of a three-phase deployment plan to install a microgrid of three “Power Towers” to an in-need community on the island. The Power Tower, designed and engineered by «Ƶ-based Independent Power Systems, is a unique, all-in-one clean energy solution that combines small wind, solar photovoltaics, and energy storage components to provide a resilient and reliable means of electricity generation.
The MENV team conducted all necessary preliminary research on current and historical disaster relief and resiliency projects and created a pitch deck for fundraising efforts. While the necessary funding was not obtained, the project development and management work opened up larger opportunities for research within the still-nascent microgrid market.
With their remaining time, the MENV team will adapt their initial project work into a Market Feasibility Analysis for the Power Tower, including an analysis of competing technologies and market profiles for regions such as the Caribbean and the Arctic where a microgrid of Power Towers would be especially well-suited. Additional research includes the identification of other market opportunities for the Power Tower within the financial and technological mechanisms that govern the operation of off-grid distributed energy projects.