ENGIE, Enel X, Tesla, Honeywell, Con Edison Battery Storage, EDF, and NantEnergy were ranked as top leaders in the distributed energy storage integrator sector, according to a report released Wednesday by Guidehouse Insights.
"Key characteristics" of sector leaders is that they're able fill multiple roles at once, Ricardo F. Rodriguez, research analyst with Guidehouse Insights and report author, told Utility Dive, including providing "turnkey solutions," using innovative financing, forecasting future revenue streams and using integrated software platforms.
The top distributed energy storage systems integrators now do fewer standalone integrations or "one-off" projects.
ENGIE, the company atop the leader board, has found success through a mergers and acquisitions strategy, according to Rodriguez. "ENGIE has been able to expand its product offerings through a series of acquisitions that include Green Charge, Op Terra, EV-Box, Ecova, and SoCore."
"Distributed energy storage has emerged as an important enabling technology for achieving better integration of clean distributed generation, helping customers manage loads and energy costs, and for providing valuable grid services," Ryan Katofsky, managing director of Advanced Energy Economy said.