Flexible generation capacity and storage are key elements of the energy transition and the continued expansion of intermittent renewable energy (RE) because they offer unparalleled flexibility to optimally deliver energy and ancillary services. Frost & Sullivan forecasts global grid-scale battery energy storage systems (BESS) to experience rapid expansion in the coming years, reaching 259.8 GW by 2030 at a compound annual growth rate of 34.2% from 2021.
As the energy transition advances, power generation portfolios and market rules become more sophisticated, making decision analysis more difficult. Traditional human control for optimizing power generation and market participation becomes ill-equipped to maximize the value of stand-alone storage or hybrid power plants. Powerful digital solutions encompassing machine-driven forecasting and optimization and trading algorithms are required for more efficient use of energy resources and to optimize the strategic and financial value of battery storage assets, both stand-alone and colocated with renewables.
Frost & Sullivan estimates that about 20 GW of RE and BESS are being optimized using a combination of artificial intelligence-based software and human expertise. As RE and battery storage markets expand, so will the demand for software platforms to address price and demand volatility, manage risk, and unlock the full value of BESS.
This research service includes competitive insights on the top 10 vendors providing digital platforms for optimization and trading of front-of-the-meter RE and BESS as well as Frost & Sullivan’s proprietary Frost RadarTM benchmarking analysis of each vendor in terms of overall growth, solution offerings, growth strategy, commitment to innov ation, and understanding of current and future market trends. The vendors profiled were determined at the analyst team’s discretion for having demonstrated excellence in growth, innovation, or both.
Author: Maria Benintende
Strategic Imperative
Strategic Imperative (continued)
Strategic Imperative (continued)
Growth Environment
Growth Environment (continued)
Growth Environment (continued)
Frost Radar™: Optimization and Trading Platforms
Frost Radar™: Competitive Environment
Frost Radar™: Competitive Environment (continued)
Frost Radar™: Competitive Environment (continued)
Arenko
Ascend Analytics
EDF PowerShift
Fluence IQ
GridBeyond
Habitat Energy
Limejump
Stem
Tesla Autobidder
Wärtsilä
Strategic Insights
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
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Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Author | Maria Benintende |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Renewable Energy Storage Solutions |
| Keyword 2 | Battery Storage for Renewables |
| Keyword 3 | renewable energy storage technology |
| Podcast | No |
| WIP Number | K7C6-01-00-00-00 |
Frost Radar™: Digital Platforms for Renewable Energy and Battery Storage Optimization and Trading, 2022 Front-of-the-Meter Focus
A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines
16-Sep-2022
Global
Frost Radar
