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What really makes a microgrid, a microgrid?

Though there are many specific definitions of a microgrid, at its core a microgrid means the ability of a distributed energy resource, typically solar PV and battery energy storage, to both interact with the utility grid and stand alone with no utility. From a technical perspective, what are the key elements to achieve this functionality?

1) Managing the point of interconnection (POI) 2) Power equipment mode shifting.

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