Energy Policy Center
This report is an update to a techno-economic feasibility study undertaken in 2018 to examine the efficacy of building and operating a microgrid in Downtown Cleveland, Ohio. Many factors have changed since 2018, including the 2022 passage of the Inflation Reduction Act, pursuant to which significant tax credits will make microgrids and grid edge technology adoption more attractive. Such a microgrid could offer enhanced resiliency and uptime to customers at prices that are competitive with existing rates for commercial power within the local investor owned utility’s service area. The return to investors for a Downtown Cleveland microgrid under a competitive customer rate structure has markedly improved since the initial study. The updated report includes multiple sensitivity analyses illustrating how this return on investment varies with important factors, including customer rates, interest rates, and federal grants that could offset the initial capital investment.
Ahmed, Ali H.; Thomas, Andrew R.; Henning, Mark; and Seeberg, Shelbie, "Update of Techno-Economic Feasibility Analysis of a Microgrid in Downtown Cleveland, Ohio" (2023). All Maxine Goodman Levin School of Urban Affairs Publications. 0 1 2 3 1821.