BOULDER, Colo.--(BUSINESS WIRE)--A new Leaderboard report from Navigant Research examines the strategy and execution of 15 leading vendors of virtual power plant (VPP) software, providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses.
A VPP is a smart grid network that links retail markets to wholesale markets, with the primary goal of achieving the greatest profit for distributed energy resources (DER) asset owners while maintaining the proper balance of the electricity grid at the lowest economic and environmental cost. VPPs are expected to gain importance in the coming years, and software is expected to represent nearly 90 percent of total VPP implementation spending by 2025. Click to tweet: According to a new Leaderboard report from @NavigantRSRCH, in terms of strategy and execution, Enbala Power Networks and AutoGrid are the leading vendors of VPP software.
“Enbala Power Networks and AutoGrid qualified as Leaders in this assessment—both of them pure software providers—yet, the majority of companies ranked are very closely clustered in the Contender category, with three additional companies are ranked as Challengers,” says Peter Asmus, principal research analyst with Navigant Research. “Each one of the 15 companies profiled in the report has the potential to become a Leader within the next three years, and those that make software the focus of their offerings for DER management will have the upper hand, as will companies that learn how to better integrate diverse products and solutions into a coherent solution set.”
According to the report, perhaps the most foretelling trend with VPPs is the sudden surge in energy storage deployments being aggregated into VPPs, tilting the market in new directions. As a group, energy storage vendors ranked highest among the three main categories of companies profiled, which also included pure software providers and large technology multi-nationals.
The report, Navigant Research Leaderboard Report: Virtual Power Plant Software Vendors, examines the strategy and execution of 15 leading VPP software vendors. These players are rated on 12 criteria: vision; go-to market strategy; partners; products integration strategy, technology scope; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; project portfolio; pricing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, VPP software vendors are profiled, rated, and ranked with the goal of providing an objective assessment of their relative strengths and weaknesses in the global VPP market. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Navigant Research Leaderboard Report: Virtual Power Plant Software Vendors, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.