Top 20 Energy Tech Solutions Companies - 2022
Today, the increasing effects of climate change are driving a deceleration in the use of fossil fuels. This has led to numerous advancements in science and business as the search for new sustainable or renewable alternatives to coal, oil, and gas is underway. Energy companies are also incorporating robust technologies like AI, IoT and machine learning to make green energy available to everyone by incorporating efficient generation and distribution. Concurrently, innovative energy storage solutions are also playing a crucial role in balancing supply and demand of power generated by renewable sources. Connecting a storage system to a renewable energy arrangement ensures an uninterrupted power supply during unforeseen conditions. In fact, renewables comprised 19.8 percent of electricity generation in 2020, with hydro and wind making up the majority, a number that is expected to rise to 35 percent by 2030.
The rising momentum of EVs is also playing a vital role in the movement toward alternative energy, pushing several automobile manufacturers to actively shift from conventional IC engines to electric motors. A majority of automobile manufacturers have already introduced or have plans to introduce mass produced EVs in 2022. This is complemented by users becoming increasingly aware of EVs, their advantages over fossil powered vehicles, and dedicated government subsidies on purchase of EVs. Charging of EVs is also supported by the upcoming solar powered carports and rooftops, which are connected to microgrids. By leveraging the capabilities of AI and IoT, microgrid controllers can improve on efficiency and equal energy distribution. Above all, these systems help with autonomously monitoring the performance of energy-intensive applications such as fast charging of EVs.
Organizations need assistance in adopting the emerging innovations in energy and selecting the most optimum one for their business. CIOReview’s editorial board has assessed some of the most prominent Energy Technology solution providers and shortlisted the best in the field. This edition also comprises of insights from a panel of the most distinguished CIOs, CXOs and industry leaders from the market.
We provide to you CIOReview’s “20 Most Promising Energy Tech Solutions Providers – 2022.”