Global Startup Heat Map highlights 10 Energy Asset Management Startups to Watch in 2023
Through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, which covers over 3 790 000+ startups & scaleups globally, we identified 487 energy asset management startups. The Global Startup Heat Map below highlights the 10 energy asset management startups you should watch in 2023 as well as the geo-distribution of all 487 startups & scaleups we analyzed for this research. Based on the heat map, we see high startup activity in the UK and the USA, followed by the rest of Western Europe. These energy asset management startups work on solutions ranging from distributed asset and battery monitoring to the Internet of Things (IoT) and machine learning.
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As the world’s largest resource for data on emerging companies, the SaaS platform enables you to identify relevant technologies and industry trends quickly & exhaustively. Based on the data from the platform, the Top 5 Energy Asset Management Startup Hubs are in London, Bangalore, New York City, Mumbai & Houston. The 10 hand-picked startups highlighted in this report are chosen from all over the world and develop solutions for asset monitoring, error diagnostics, assisted maintenance, and more.
10 Top Energy Asset Management Startups to Watch in 2023
The integration of IoT devices and sensors in energy assets enables real-time data collection on parameters such as energy consumption, performance, and maintenance requirements. This data is then analyzed using advanced analytics and machine learning algorithms, allowing for predictive maintenance, anomaly detection, and optimization of asset performance. Additionally, blockchain enhances the transparency, security, and efficiency of energy asset management by enabling decentralized and immutable records of energy transactions. Moreover, advances in cloud computing facilitate the storage, processing, and accessibility of vast amounts of data. Consequently, cloud computing enables remote monitoring and control of energy assets. These innovations enhance operational efficiency, improve cost savings, and promote the integration of renewable energy sources into the grid.
- Digitised Energy – Renewable Energy Asset Management
- Heimdalytics – AI-led Battery Diagnostics & Repair
- Wattch – Distributed Energy Resources (DER) Monitoring
- CLEANerg – Sustainable Energy Storage Devices
- flucto – Offshore Wind Farm Monitoring
- Skyfri – Solar Asset Performance Tracking
- AppER – Energy Management
- inBalance – Energy Transition
- Firefly Energy Solutions – Energy Demand & Supply Management
- enFinergy – Intelligent Energy Management Hub
Digitised Energy simplifies Renewable Energy Asset Management
Indian startup Digitised Energy builds a big data and analytics platform for managing renewable energy assets. It offers data insights as well as automatically generates and assigns work orders across teams. The platform utilizes a mathematical and statistical query modeling engine to process data, review alerting patterns, and apply statistical algorithms. Its manual, automated, and machine learning rules allow plant owners to automatically convert observations and predictions into work orders. This, in turn, streamlines maintenance operations.
Heimdalytics offers AI-led Battery Diagnostics & Repair
German startup Heimdalytics provides an AI-powered analysis platform for diagnosis and repair. The startup’s patent-pending impedance spectroscopy solution provides insights into underlying electrical processes to optimize parameters like charge/discharge characteristics. The platform further leverages this data to assess welded battery modules and exchange modules from existing inventory. This allows battery companies to reduce costs and sustainably use their resources.
Wattch enables DER Monitoring
US-based startup Wattch enables observability, intelligence, and control of renewable energy systems like solar, wind, and hydroelectric. It offers solar software and monitoring products for performance improvement in facilities. The startup’s software and hardware solutions enable secure, two-way, and real-time data collection and system controls. It allows grid owners to track, evaluate, and report on DER assets remotely. Wattch thus offers grid managers enterprise-grade security and a data acquisition system.
CLEANerg makes Sustainable Energy Storage Devices
CLEANerg is an Indian startup that manufactures energy storage devices for EVs, wind and solar power generation, and power backup systems. It offers renTRIK, a fully swappable load-sharing battery system with models INSTA2002, INSTA30380, INSTAx2002, and INSTAx30380. The startup works towards net zero emissions, improved reliability and recycling, as well as a better performance by using its proprietary material and engineering technology. This enables CLEANerg to cater to sustainable cities, clean energy manufacturers, industry innovators, and climate managers.
flucto aids Offshore Wind Farm Monitoring
German startup flucto develops digital monitoring technology for offshore wind farms. Its custom monitoring solutions provide wind farm owners with real-time insights about installation processes. The startup’s technology leverages an open-source motion sensor box that features a single-board computer, GNSS, LoRa, Wi-Fi, Bluetooth, a camera, and sensors. These technologies simplify acceleration measurement and precise location estimation. flucto helps wind farm managers to track the upending process, detect collisions, and provide the basis for measurement during installation.
Skyfri facilitates Solar Asset Performance Tracking
Skyfri is a Norwegian startup that develops advanced operating platforms for maximizing production and reducing the costs of solar assets. The startup’s solution, Skyfri Intelligence, identifies underperformance and root cause in real-time using IoT sensors to connect multiple parameters. Third-party integrations allow the platform to further enable predictive maintenance and supported workflows of the solar assets. Additionally, the startup offers SolarSCADA, a ready-to-install pre-commissioned system with simplified sensors calibration and maintenance for monitoring solar instruments. Skyfri, in turn, enables digital solar operations and maintenance to maximize energy generation for asset owners.
AppER streamlines Energy Management
Italian startup AppER provides solutions from the pre-analysis phase to implementation for energy and industrial applications. It offers EVA, RENE, and OCR, the startup’s solutions to convert dispersed heat to produce electricity. AppER provides industrial designing and prototyping services using system modeling and simulations to increase energy efficiency and savings. It caters to energy managers by providing energy management systems and solutions to monitor production plants.
inBalance simplifies the Energy Transition
US-based startup inBalance makes software for the energy transition and optimization of grid-scale storage systems and renewable energy assets. It utilizes machine learning to collect public and proprietary data to offer accurate electricity risk and price forecasts to end users. The startup supports independent power producers (IPPs), integrators, and storage OEMs by delivering charging plans and optimized dispatch bids. inBalance enhances asset management for energy portfolio managers and optimizes charging for EV OEMs, fleet managers, and owners.
Firefly Energy Solutions aids Energy Demand & Supply Management
Firefly Energy Solutions is a US-based startup that offers a software-as-a-service (SaaS) analytics platform for managing electricity, natural gas, and renewable energy assets. The modular platform features load forecasting, pricing, risk management, asset valuation, and energy analytics for running assets. Firefly Energy Solutions’ solution addresses energy supply and demand management of the energy chain. This helps energy generators, regulated utilities, cooperatives, communities, retail sectors, and end users in managing their energy assets.
enFinergy makes an Intelligent Energy Management Hub
enFinergy is an Italian startup that provides Smart Power Center, a cloud-based solution for utilities and distribution system operators (DSOs). It combines smart energy management and a storage device for better utilization of real-time variable electricity rates and reduces peak loads. This allows utilities to connect more consumers to the transmission and distribution networks. The solution also aids the integration of multiple distributed renewables and enables peer-to-peer (P2P) and DSO-to-consumer energy trading. As a result, the startup reduces capital expenses for energy storage systems (ESS), integrates cleaner energy sources, improves access to virtual energy storage, and more.
Discover All Emerging Energy Startups
The energy startups showcased in this report are only a small sample of all startups we identified through our data-driven startup scouting approach. Download our free Energy Innovation Report for a broad overview of the industry or get in touch for quick & exhaustive research on the latest technologies & emerging solutions that will impact your company in 2023!
