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Microgrid strategic significance
Key findings reveal that microgrids are instrumental in enhancing energy security, integrating renewable energy sources, and providing economic benefits through decentralized solutions. With a projected CAGR of approximately 12-15% over the next five years, the market exhibits. Microgrids are Distributed Energy Generating Stations that provide energy as a service by generating and storing energy close to where it's used. Microgrids can deliver and/or dispatch power directly to users, and connected microgrids can supplement power coming from traditional utilities. Employing a systematic literature review methodology, the study synthesizes data. The development of the U. Department of Energy (DOE) Microgrid Program Strategy started around December 2020.