Utilities Tech Outlook Weekly Brief
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Utility startups are marching towards achieving sustainability with a multitude of newer ideas and technological innovations.
FREMONT, CA: Utilities are in the mid of a whirlwind of innovations brought by effective transformations in the market, legislation, regulation, technologies, and customer value. Emerging technologies offer unique ways to produce and consume electricity and deliver excellence to customers. These new technologies get even more engaging as information and communications technologies become more pervasive as power systems digitize. Rising utility startups attempt to modernize the sector to serve new policy and economic, as well as operational and revenue objectives.
American Wind
The company has revolutionized the utility sector, challenging the conventional wind turbine business and power generations technologies. It has developed an innovative micro wind turbine with advanced power generation capabilities, created at affordable cost and utilizing more innovative manufacturing technologies. American Wind is challenging the way advanced technology can be used in enhancing old technologies to augment its capabilities.
Constructis
Constructis is a leading provider of kinetic energy with zero carbon emission roadway power system. The company is always on high demand for clean energy that brings life a roadway system allowing traffic to create renewable energy. Its Roadway Energy Sensory System (RESS) has installed power modules capable of capturing vehicle traffic. It can convert into usable energy that can be stocked or distributed directly to the grid.
Weave Grid
Weave Grid is an interesting and innovative energy startup. It operates with utilities and owners of electric vehicles (EV), allowing the speeding up transportation electrification. Using optimization, machine learning, and predictive analytics, the company's software solution solves several EV-grid integration difficulties for utilities in a systems-oriented method. It helps in integrating renewable energy resources on the grid and saves utility consumers' money on their bills. Its estimated annual revenue is $52.3 million.
Free Electrons
The company's energy market has seen accelerated changes with the rise of renewables, regulatory uncertainties, decentralization of the energy system, and disruptive new technologies. Free Electrons is a step ahead in the industry as it sources more innovation externally for utilities and considers the beyond utility business models. By building an international, advanced accelerator program, the company connects the world's best promising startups with preeminent utility businesses to co-create the future of innovative and energy customer solutions. Partnering with Free Electrons, utility partners are developing a clean energy transition with a turnover of $148 billion.
H2GO Power
H2GO Power develops safe and reasonable hydrogen production and storage technologies. It has generated a reliable method for hydrogen production and storage for providing power on the move. The company believes that energy storage is the future, and its innovation is developing an economical, safe hydrogen production and storage solution. H2GO Power is bringing affordable, reliable energy to millions worldwide in a greenway for massive social and environmental impact.
HST Solar
HST Solar is a clean energy network provider, developing a web-based Power Purchase Agreement (PPA) platform. It allows businesses to engage with utility-scale clean energy projects directly. It provides solutions to clean energy developers looking to perform energy marketing and feasibility. It also offers solutions to purify energy buyers looking to buy energy at lower prices than the grid. The company is on a mission to expedite the embracement of clean energy by making clean energy more economical and easier to procure.
Today's utility industry faces challenges unlike any since the primary build-out of the electrical grid. Innovative technologies like AI and applications similar to compliance management help utilities realize the obligation of a decentralized, digitized, and decarbonized grid. By collaborating with technology, academic, and industry leaders, utilities are accelerating their transition to a modernized future.
