A new Leaderboard Report from Navigant Research examines the strategy and execution of 10 residential energy as a service (EaaS) platform providers, with Lumenaza and GreenCom Networks ranked as the leading market players.
Residential EaaS software platforms, also known as utilities in a box, are an evolution of home energy management systems (HEMSs), residential microgrids, and customer engagement solutions. These platforms range from simple local energy optimisation systems to grid-interactive solutions orchestrated by an aggregator to provide new types of services to consumers and the grid.
$72.9 billion market for smart home devices with hub capabilities
Spending on integrated DERs to grow by a factor of ten
Building decarbonisation technologies to generate $269 billion per annum
“Incumbent IT/OT vendors, new entrants, and startups have each approached product development from different perspectives, creating a diverse landscape of vendors,” says Roberto Rodriguez Labastida, senior research analyst at Navigant Research. “Lumenaza and GreenCom Networks, however, have differentiated themselves from the competition through exceptional product performance, strong vendor partnerships, and a sustainable business model.”
According to the report, although consumers enjoy the benefits of electricity almost continuously, its ubiquity has distanced customers from the day-to-day issues the industry faces. New residential energy and non-energy solutions, including residential EaaS platforms, are helping to address the broader needs to decarbonise the power sector, capitalise on the move toward decentralised renewables, and maintain the ongoing electrification of transport.
The report, Navigant Research Leaderboard: Residential Energy as a Service Platforms, assesses which participants are best equipped to be leaders in the emerging residential energy as a service (EaaS) platforms segment. Navigant Research, a Guidehouse company, uses a proprietary Leaderboard methodology to profile, rate, and rank vendors with the goal of providing an objective assessment of their relative strengths and weaknesses in the global residential solar market.
The study evaluates 10 vendors offering solutions in this market. These players are rated on 12 criteria: vision; go-to-market strategy; partners; products integration strategy; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio and ecosystem; pricing; and staying power.