Remarkable innovations by energy solution providers in response to the increasing pressures such as corporate demand and policy changes, including the Paris Climate Accord, has accelerated the development of new technologies. Corporate adopters across various sectors are championing these new energy opportunities, including wind and solar power, energy storage, distributed generation, and other disruptive technologies. For instance, today’s market forces are transitioning from a highly-centralized power system to smaller scale, localized systems that optimize power demand, consumption, and management. To that end, microgrids are emerging as one of these decentralizing technologies that businesses can benefit from because they bring together a combination of clean technologies such as distributed generation, batteries, and renewable resources to help organizations operate autonomously from the traditional electrical grid. Microgrid controllers combined with machine learning capabilities enable operation movements while experiencing continuous adaptation. In addition, energy buyers can realize substantial near-term cost savings by implementing technologies embedded within a microgrid that insulate their facilities from the risk and changing cost components of an ever-evolving energy market.
Another technology that is showing immense promise in the energy management field is blockchain. Leveraging blockchain in the energy system removes the role of ‘middlemen’ for electricity suppliers. This not only solves the issues of inefficient and unequal energy distribution but also empowers the end consumer to trade energy directly. Besides, using blockchain with the Internet of Things (IoT) can have a significant impact on energy systems. All in all, technology makes it possible to expend energy in a sustainable manner.
Today, there are a wide variety of solution providers in the energy industry with advanced and integrated energy management technologies. To help companies navigate through the best-of-breed solution providers, Energy CIO Insights has compiled a list of leading energy management solution providers. The enlisted organizations are transforming energy management at the convergence of several disruptive technologies. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Energy CIO Insights’ “Top 10 Energy Management Solution Providers – 2020.”
