Utility subsidiaries dominate global energy storage systems market


Guidehouse Insights has named the leading commercial and industrial energy storage systems integrators.

ENGIE, Enel X, Tesla, Honeywell, Con Edison Battery Storage, EDF, and NantEnergy have been named as leaders in Guidehouse Insights’ Leaderboard report.

The top energy storage systems integrators are playing multiple roles through turnkey services or strategic partnerships to drive down costs and enable financing innovation, according to the report.

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Ricardo F. Rodriguez, a research analyst with Guidehouse Insights, said: “Each company has established an access-to-customers advantage to reduce the costs of customer acquisition and uses a comprehensive energy storage software platform that analyses project costs and forecasts project revenue streams.”

The demand for onsite renewable energy generation continues to increase as more and more cities commit to carbon reduction goals. This in turn is increasing the demand for distributed energy storage systems as energy stakeholders seek cost savings, grid support, and other bottom-line benefits.

As competition among vendors intensifies, the field of pure-play distributed energy storage systems integrators is in flux.

During the past 2 years, companies have started shifting focus away from the origination and development of projects to acting as pure-play integrators that provide integrated hardware and software solutions, according to the study.

The report analyses strategy and execution of 15 storage integrators.

Click here for more information about the report.