Top 20 Energy Tech Solution Companies - 2020

 

Like every other industry, the energy sector too has witnessed the latest technological trends being implemented into its functioning, making the sector more productive and accountable for energy consumption and energy loss. Although every energy firm and service provider must have an undivided focus on boosting the operational efficiency and gaining huge returns, this still does not translate to diminishing the major business opportunities that may occur in the energy market. An insight into one of PwC’s reports centered on energy says, enterprises must double down on digitization to drive efficiencies and open up new opportunities in the energy sector.

One of the windows of possibilities is opened by the industrial internet of things (IIoT) Companies understand that the use of IoT devices transform multiple business operations as IoT not only connects machines and appliances, but also allows for enhanced connectivity across drilling rigs, refineries, pipelines, and grids. Such a connection optimizes performance and minimizes downtime while improving the health, safety, and environmental performance management. Energy companies can adopt the multifold benefits delivered by IIoT to ensure that they are on par with the fluctuating energy market.

Energy storage is yet another disruptor that is seeing a widespread acceptance and adoption among enterprises working in the energy industry. Coupled with Distributed Energy Resources (DERs), energy storage is all set to offer a consistent flow of energy at prices that are lower than the cost that is being currently paid by the users. Furthermore, energy storage is also immune to pulls and pushes of power demands as time and the market shift. Low-cost energy options, such as devices powered by solar energy or renewable materials are undoubtedly being favored upon choices that have been used until now—coal and natural gas-based energy products. Multiple energy solutions and service providers are now turning their attention toward such techniques.

Speaking of energy options, renewable energy is steadily gaining traction and has become widely popular among various nations in the world over the last couple of years. To prevent and revert the catastrophic results of climate change, countries across the globe are heavily pressing on the use of renewable energy. IT giants have recently made a list of companies that are setting up their own solar and wind farms to promote green, cost-saving, and greater control over energy requirements.

One of the major shifts in the energy sector is brought by digitization that has transformed the operations across the value chain. Digitization has brought forth the use of decentralized networks of intelligent, agile and self-serve units to redefine the energy generation and revamp the balance and diagnose demand. Additionally, intelligent automation by using the internet of things (IoT) along with artificial intelligence (AI) and robotic process automation (RPA) are increasing the efficacy for responsiveness to the user demands and costs. Energy service providers have not left any stone unturned in ensuring that their offerings are aligned with the digital revolution that has swept the energy sector.

This edition of CIOReview has compiled a list of 20 Most Promising Energy Tech Solution and Service Providers of 2020 that are delivering unmatched services and solutions to the enterprises.

Top Energy Tech Solution Companies

Founded in 1983, Advantech is a leader in providing trusted, innovative products, services, and solutions. Advantech offers comprehensive system integration, hardware, software, customer-centric design services, embedded systems, automation products, and global logistics support. They cooperate closely with their partners to help provide complete solutions for a wide array of applications across a diverse range of industries. The company's mission is to enable an intelligent planet with Automation and Embedded Computing products and solutions that empower the development of smarter working and living. With Advantech, there is no limit to the applications and innovations the company's products make possible

BELSIM has spent years of research to build VALI, BELSIM’s online DVR solution—based on a process mapping model—that computes a plant’s performance,mass, and energy data points along with other key performance indicators with a their level of accuracy and reliability. When process parameters cannot be measured directly, VALI uses a Soft Sensing system to calculate their value. The same technique can be used to reduce investment in expensive measurement equipment. The company’s main objective is to improve data and facility management while ensuring production managers and C-suite executives consistently receive accurate information about their process plants

NuGen Automation is a progressive technology-driven company that excels in the development and implementation of SCADA Automation, Distributed Control Systems, and Information Technology into the upstream, midstream, and downstream markets of the Oil and Gas industry. The NuGen Automation team strives to align today’s technology, regulatory requirements, and security with the needs of the customer, coupled with a commitment to surpass expectations. Industry best practices and a streamlined approach to ensure cost-effective solutions, delivery, service, and technical excellence. The company's team consists of industry experts with years of experience delivering seamless and powerful SCADA and IT solutions to the SCADA community

Founded in 1999, Energy Professionals has been at the forefront of providing energy consulting to North America's commercial players. The company delivers comprehensive energy strategies that factor in its clients' energy savings objectives; increasing energy independence, while giving their clients more choice and less waste

As a part of the EXP group, FutureOn provides an innovative platform and a software to streamline the assets management and data collection for designing and planning digital subsea oil and gas fields. Its best-of-breed solution FieldTwin ensures efficient data collection and allows all project stakeholders—both the specialized and the non-experts—to access, view, and review multiple study scenarios rapidly and identify collaboratively the best options. As one of the most promising energy tech solution providers, FutureOn is now planning to modularize its award-winning FieldAP into a suite of applications for Design, Marine Planning, and Enhanced Collaboration and offer specific capabilities across all disciplines

Established in 1968, Interface is a trusted world leader in designing and manufacturing force measurement solutions: designing, manufacturing, and guaranteeing the highest quality performance load cells, torque transducers, multi-axis sensors, and related instrumentation available in the market today. In addition, Interface also has a pool of 32,000 products to offer across the globe, which includes standard test and measurement tools as well as OEM solutions. The company always strives toward achieving high-end performance quality and accuracy of results, along with reducing overall cost and minimize risk for its clients

Pivvot is a technology provider of location data and analytics solutions. We empower organizations in the energy and transportation industries to add situational context to location data, navigate regulatory compliance and reduce operational risk. The company's cloud-based location data and analytics solution deliver access to the only geospatial database available that is explicitly consolidated for oil and gas pipeline companies. Their specialities include Integra Link, Data Integration, Routing, Pipeline Oil & Gas, Electric Transmission, Gas Distribution, Rail Road, TeleComm, Spatial Analysis, Regulatory Compliance, Cloud-based Technology, Software as a Service, Project Management, Risk Management, Business Intelligence, Data Management, Location Intelligence, Location Analytics, GIS, Geospatial Analysis

Headquartered in Nashua, NH and founded on 2008 ZOME Energy Networks, began as an energy R&D entity. Zome’s ColorPower is a wide-scale, device-independent, platform solution comprising software, algorithms, and API’s. It is a cloud-based platform, that supports IoT devices, and provides for advanced Distributed Energy Resource Optimization. ColorPower automates the management and optimization (including helping third-party DERMS players) of responses to energy distribution network conditions. It is a modular architecture and provided on a Platform as a Service (PaaS) basis, white-labelled for utilities, aggregators, or other partners

Aucerna

Aucerna

Aucerna is the energy industry’s leading provider of solutions for integrated planning, execution and reserves. The company is a global source of technology and expertise for the energy industry, operating out of 12 global offices. Aucerna proudly serves the industry’s most extensive base of customers, from super-majors and emerging operators to energy investors, consultants and educational institutions. Aucerna solutions are deployed in every region of the globe, helping companies make better investment decisions by connecting the people and the data of the modern energy industry

Contemporary Energy Solutions

Contemporary Energy Solutions

Contemporary Energy Solutions is known for helping clients eliminate waste from their operations and improve their bottom line. The company helps their clients to identify demand and supply side savings opportunities for their commercial and industrial facilities. They typically look at facility lighting and energy supply first as these are the lowest hanging fruit for most companies. Their combination of industry leading talent, a customer first approach, and an agnostic approach to technology has been validated in the marketplace. The company is founded in the year 2011 and headquartered in Naperville, Illinois

CopperTree Analytics

CopperTree Analytics

With 30 years of experience in controls manufacturing and smart building experience, CopperTree Analytics provides building and energy analytics solutions. They are on a mission to make sure automated buildings finally deliver on their promises. Their one-of-a-kind heritage is that they have an implicit understanding of the technology that controls structures, as well as acknowledges the practicalities of maintaining them. The company takes a building's data and turn it into actionable insights, helping to reduce carbon footprint, save energy and money, and maintain a comfortable built environment

EnergyHub

EnergyHub

EnergyHub is a dynamic software technology company based in New York, NY. EnergyHub's platform lets consumers turn their smart thermostats, water heaters, and other products into virtual power plants that keep the grid stable and enable higher penetration of solar and wind power. The company work on technology that already provides energy and cost savings to more than a million people through partnerships with the most exciting companies in the IoT.​ EnergyHub is an independent subsidiary of Alarm.com, the leading technology provider of connected home solutions. The company is founded in the year 2007

EnHelix Software

EnHelix Software

eLynx believes in predictive analytics with a real-world impact. The company is reimagining the energy industry by inventing and applying the most advanced technology available. Combining industry experience with its world-class data science team, eLynx developed the technology to offer end-to-end data for wells, using SCADA monitoring. Lynx is building cloud-based technology to draw insights and performance predictions from that data and make immediate changes to in-field operations. From installing hardware to the moment a sensor takes a reading, to the predictive insight, eLynx owns the complete data pipeline

KORE Power

KORE Power

Founded in 2018 KORE Power is a leading developer of high density, high voltage energy storage solutions for utility, industrial and mission-critical markets. They design and manufacture a 1500V Mark 1 Energy Storage System. Primarily developed to lower installation and operation costs coupled with higher efficiency, the Mark 1 is inclusive of proprietary NMC cells and modules, with innovative safety features, managed and optimized by the Mark 1 BMS. The company's Power caters to the growing demand for applications like replacing fossil fuel peaker plants, Microgrid optimization, wind and solar plus storage projects, behind-the-meter C&I, E-Mobility, mining energy solutions and the Military

MCG Energy Solutions

MCG Energy Solutions

MCG provides software solutions for the everyday business requirements of utilities and other entities in the wholesale energy marketplace. They design and deliver best-in-industry software for energy accounting, trading, scheduling, and transmission, as well as the front, middle, and back-office to improve the efficiency and productivity of the client’s business. Customers of MCG operate throughout North America and in every market region in the U.S., and are currently expanding into Europe with the ERM and CRM solutions. The key to their success is all about developing successful, long-term relationships with customers

Paragon Energy Software

Paragon Energy Software

With 15-years of experience in energy trading and risk management, Paragon Energy Software is dedicated to providing the best and most cost-effective, usable solutions both in credit risk management and broader energy trading and risk management. Their fully functional, innovative and easy to use software solutions, helps to meet their commitments and have the customers running in weeks and not months, by providing them with significant value for a reasonable investment. Paragon primarily aims to offer the industry’s best and most comprehensive solutions in the market with ease of use, an affordable cost of entry, technical and configuration innovation, lower total cost of ownership and overall customer satisfaction

Peimar

Peimar

Peimar offers “Made in Italy” solar panels, which are manufactured by using high-quality materials, built to meet the highest performance standards. The expansion of highly automated production lines and attention to detail are the strong points of the company. Their mission is to satisfy their customer demands and offer them the best possible service with the help of their firm and long-lasting relationships with distributors, installers, and the customers themselves. Customers can be confident about the Peimar panels, as it meets the most stringent international standards making them suitable for all kinds of applications

Quorum Software

Quorum Software

Quorum Software builds software for the next evolution of energy. Their software solutions help to conquer the toughest challenges. From exploration to distribution and all the accounting in between, their integrated software platform is developed from the ground up with deep industry DNA that drives profitability. They optimize the client’s operations by offering fully integrated software that drives business agility through shared data and insight between traditionally siloed areas of the business. Additionally, they also help in having decision-ready data that helps to simplify and optimize mission-critical decision-making

Sunverge Energy

Sunverge Energy

Sunverge Energy is a California-based company that optimizes the value of renewable energy by leveraging the practical advantages of distributed generation, storage, and software-as-a-service

THG Energy Solutions

THG Energy Solutions

Headquartered in Austin, TX and founded in 2003 THG Energy Solutions, formulates the best-practice energy management strategies for industrial and commercial facilities throughout North America. Additionally, the company's core team comes from diverse backgrounds in energy marketing, building controls, engineering, and data management. THG's host of intelligence offerings scale to fit the chance; starting from invoice payment and processing, reporting and utility data management, to automated load response technology and services, and also advanced sustainability tools to track retrofits and efficiency efforts. THG Energy creates cost-savings, conserves resources, and lowers the client's risk through actionable energy analytics, sustainability reporting, and automated energy management