Energy, or in simple terms, electricity 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.
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. 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
Currently, like any other software, energy storage systems too can be provided and utilized as a service. 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 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 have listed “Top 10 Energy Storage Consulting/Services Companies in Europe - 2019.”