Energy is the lifeblood that flows through the veins of business to power a substantial and exponential development of any industry. However, to ensure its continuity, companies need to place emphasis on the latest trends and technologies that are driving the energy storage market. Availability of financing, suitable regulatory methods, innovative business strategies, and up-and-coming energy projects are just a few of the techniques that initiate growth and sustain for long-term. The practical applications of energy storage systems are even being seen in the healthcare, automotive, manufacturing, space tech, and electronics vertical.
One of the major trends in the energy storage landscape is the shift from non-renewable, traditional thermal power plants to renewable energy sources such as solar and wind. Such a transformation is expected to show a result that in tandem with the increasing need for ancillary services. In addition, ancillary services in the market are witnessing an upsurge in the market owing to a rise in energy storage facilities, growing grid resiliency requirement, and popularity of renewable power infrastructure. From scheduling and dispatching of energy storage systems, controlling the power and voltage within a certain range to ensuring loss compensation and energy storage system protection, ancillary services play a crucial role. Even in the grid operations, ancillary services mark their presence by reserving and backing-up power to maintain a reliable transmission operation.
Currently, like any other software, energy storage systems too can be provided and utilized as a service. Popularly known as Energy Storage-as-a-service or ESaaS, it is an amalgamation of advanced energy storage system, energy management system, and a service contract that together add value to businesses by providing reliable and economic power. While previously, the complexities around cash flow and new business models were avoided by investors, ESaaS is proving to be a promising technology to finance and grow the industry. As ESaaS is gradually gaining traction and recognition in the energy storage services market, it also being duplicated in the market to complete energy storage systems’ projects and generate steady returns for any organizations’ board members and investors.
As CIOs plan to adopt more renewable energy storage systems and solutions, investing in the right service/consulting provider emerges as the topmost priority for them. While multiple vendors ensure to cater to every demand and needs of firms, CIOs may still face some uncertainty in choosing one particular provider over another. In a bid to address such situation, a distinguished panel comprising of CEOs, CIOs, VCs, and analysts along with the editorial panel of Energy CIO Insights have listed Top 10 Energy Storage Service/Consulting Providers in Europe.
We present to you Energy CIO Insights’ “Top 10 Energy Storage Consulting/Services Companies in Europe - 2019”
