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Executive Summary: Which are the Top 10 Energy as a Service Companies & Startups to Watch in 2026?

  1. Vista Power (USA): Provides no-upfront-cost solar and battery storage as a service for commercial, industrial, and municipal properties to cut energy bills and provide clean backup power.​
  2. Co-Power (Germany): Installs and operates on-site solar PV and battery storage for industrial customers under an energy-as-a-service model to reduce electricity costs and improve resilience with no capex.​
  3. Cleanheat (Finland): Delivers geothermal heating as a service for medium and large buildings, including design, installation, financing, and AI-assisted maintenance with long-term performance guarantees and major heating-cost savings.​
  4. AaraGO (Nigeria): Offers battery-as-a-service and fast battery swapping for electric motorbikes, lowering upfront vehicle costs and removing range and charging constraints for riders.​
  5. BaaS:energy (Germany): Rents mobile, renewably charged battery systems as a generator replacement to supply clean, flexible power for construction sites, events, emergency response, and other off-grid use cases.​
  6. Xyrya (UK): Provides sustainable energy-as-a-service by financing and delivering turnkey efficiency and decarbonization upgrades for buildings, repaid through energy savings.​
  7. Indie Energy (Portugal): Operates an energy-as-a-service platform to create and manage renewable energy communities where members produce, share, and trade clean power with full lifecycle management.​
  8. Archismart Solar (France): Enables large real estate portfolios to deploy rooftop solar with no upfront investment via an AI-driven solar as a service model tailored to asset owners.​
  9. Vinergy (Vietnam): Offers no-upfront-cost, IoT-based energy monitoring and savings solutions for businesses to optimize consumption and improve ESG performance.​
  10. CHEOH (Canada): Develops decentralized green energy-as-a-service solutions that convert excess renewable energy, captured carbon, and saltwater into carbon-neutral methanol.​

Global Startup Heat Map highlights Emerging Energy as a Service Startups to Watch

Through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 9M+ startups, 20K+ technology trends, plus 150M+ patents, news articles & market reports, we identified the top energy as a service startups.

The Global Startup Heat Map below highlights emerging energy as a service startups you should watch in 2026, as well as the geo-distribution of 230+ startups & scaleups we analyzed for this research.

According to our data, we observe high startup activity in Western Europe and the USA, followed by India. The top 5 Startup Hubs for energy as a service are London, Berlin, Dubai, New York City, and Bangalore.

 

 

Discover Emerging Energy as a Service Startups to Watch in 2026

We hand-picked startups to showcase in this report by filtering for their technology, founding year, location, funding, and other metrics. These emerging energy as a service startups work on solutions ranging from battery and solar-as-a-service to energy trading and decentralized green power.

1. Vista Power – Clean Energy-as-a-Service

  • Founding Year: 2023
  • Location: San Francisco, CA, USA

US-based startup Vista Power offers clean energy-as-a-service through integrated solar and battery energy storage systems. It provides reliable, affordable power to commercial, industrial, and municipal properties.

It installs modular storage and solar infrastructure on-site without upfront capital expenditure. The startup uses a performance-based model in which customers pay only for realized energy cost savings.

Vista Power’s system captures and stores solar energy during peak production hours and releases it during high-demand periods. This ensures a consistent power supply and predictable savings. The startup’s approach democratizes access to clean energy by removing financial barriers. This enables organizations to transition to renewable power while achieving measurable economic and environmental benefits.

2. Co-Power – Flexibility-as-a-Service

  • Founding Year: 2024
  • Location: Munich, Germany
  • Funding: Co-Power secured EUR 6.4 million to help European industry control energy costs and boost resilience

German startup Co-Power provides energy flexibility-as-a-service through fully financed on-site solar and battery storage systems. The startup optimizes industrial energy consumption and reduces dependence on the grid.

It installs and operates photovoltaic and energy storage units directly at client facilities. It also uses proprietary control software to store excess electricity during low-demand periods and release it when grid prices peak.

Co-Power transforms static energy use into a flexible resource. This lowers operational costs while enabling participation in energy markets for additional revenue. The startup removes the need for upfront investment or technical integration efforts, delivering immediate financial and environmental benefits.

3. Cleanheat – Geoenergy-as-a-Service

  • Founding Year: 2023
  • Location: Kempele, Finland

Cleanheat is a Finnish startup that provides a geoenergy-as-a-service solution that delivers geothermal heating and cooling through a subscription-based model without significant upfront investment.

It designs and installs customized geothermal systems by drilling thermal wells. The startup integrates ground-source heat pumps and connects them to existing heating infrastructure for efficient thermal energy exchange between the property and the ground.

The startup enhances operational reliability through AI-assisted performance monitoring, predictive maintenance, and 24/7 system optimization. Its service model includes flexible ownership or usage-based agreements in which customers pay only for the energy consumed at stable electricity prices sourced from wholesale markets. The solution replaces fossil-fuel-based heating with renewable geothermal energy.

4. AaraGO – Battery Swapping Stations

  • Founding Year: 2023
  • Location: Lagos, Nigeria

Nigerian startup AaraGO offers a battery-swapping network that powers electric motorbikes through an energy-as-a-service model. It operates stations where riders exchange depleted batteries for fully charged ones in under 30 seconds.

This eliminates downtime and extends operational range. The startup separates the battery cost from the vehicle by offering a pay-as-you-go subscription. This reduces the upfront purchase price and removes the financial barrier associated with battery ownership.

The startup’s infrastructure integrates digital monitoring for usage tracking and predictive maintenance. This ensures consistent battery performance and efficient energy distribution.

By enabling fast, affordable, and reliable access to energy, AaraGO accelerates the electrification of urban transport in Nigeria. This supports lower carbon emissions and strengthens the economic viability of two-wheeler mobility for delivery operators and commuters alike.

5. BaaS:energy – Battery-as-a-Service

  • Founding Year: 2024
  • Location: Julich, Germany

German startup BaaS:energy offers decentralized mobile power solutions through proprietary battery systems that replace conventional fuel generators with sustainable, emission-free energy.

Its technology operates on a battery-as-a-service model that rents regeneratively charged battery units. These units store and distribute green electricity for time-critical operations across construction sites, events, disaster relief zones, and remote locations.

The startup’s hardware, the JuiceBox, functions as a mobile power plant built from high-performance modules derived from electric vehicles. This enables rapid recharging through renewable sources and ensures continuous energy availability.

Unlike traditional generators, the system requires no permits, setup, or maintenance, making temporary power deployment fast and predictable. The startup decentralizes battery energy storage through an integrated BESS framework. It also ensures stable, reliable access to clean electricity anywhere and anytime.

 

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6. Xyrya – Sustainable Energy-as-a-Service

  • Founding Year: 2023
  • Location: London, UK

UK-based startup Xyrya offers sustainable energy-as-a-service by providing businesses with fully financed, turnkey energy efficiency and renewable energy solutions. It evaluates each facility to identify the most practical mix of technologies, including smart lighting, energy-efficient insulation, and rooftop solar systems. It then designs an integrated package tailored to performance and cost objectives.

Xyrya installs, operates, and maintains these systems under a subscription-based model. This eliminates the need for upfront capital expenditure. Through this model, clients pay only for energy services while achieving measurable reductions in operational costs and carbon emissions.

Xyrya’s approach ensures reliable energy performance, streamlined maintenance, and enhanced sustainability outcomes. This enables organizations to transition toward net-zero operations with financial predictability and minimal risk.

7. Indie Energy – Energy Trading Platform

  • Founding Year: 2023
  • Location: Lisbon, Portugal

Portuguese startup Indie Energy develops a digital platform that enables the creation, management, and operation of independent energy communities composed of households, small and medium-sized enterprises, and public institutions.

The startup offers an integrated system that connects local energy producers and consumers. This allows members to generate, share, and trade renewable electricity within a regulated framework.

The startup’s platform uses smart metering, real-time data analytics, and dynamic allocation models to optimize resource distribution and maximize local self-consumption. Its modular architecture supports different community configurations, while automated management tools simplify administrative, regulatory, and financial processes for users.

The startup facilitates a decentralized, transparent, and economically efficient energy ecosystem that allows local entities to actively participate in the sustainable energy transition.

8. Archismart Solar – Solar as a Service

  • Founding Year: 2024
  • Location: Palaiseau, France

French startup Archismart Solar offers a turnkey solar-as-a-service solution for large property owners to decarbonize their building portfolios without capital expenditure. It installs and operates rooftop solar power plants that property owners rent rather than purchase. This provides access to renewable electricity without an upfront investment.

The startup manages the entire value chain, from initial feasibility studies and engineering to commissioning, monitoring, and long-term maintenance. This ensures uninterrupted energy generation.

Its model eliminates operational complexity for clients while reducing dependence on grid electricity and optimizing asset performance. Archismart Solar enables organizations to achieve regulatory requirements such as France’s Tertiary Decree targets. This strengthens ESG credentials and improves property value through cost-efficient and sustainable energy transformation.

9. Vinergy – Energy Monitoring as a Service

  • Founding Year: 2023
  • Location: Ho Chi Minh City, Vietnam

Vietnamese startup Vinergy offers an IoT-based energy monitoring-as-a-service platform that enables enterprises to track, analyze, and optimize their energy consumption in real time. It utilizes smart sensors, data loggers, and analytic engines to map power distribution channels.

It also identifies consumption clusters and generates precise installation diagrams for strategic placement of monitoring assets.

The startup’s system aggregates real-time data from multiple sources into a customizable energy monitoring dashboard that supports interactive visualizations, dynamic alerts, and tailored metrics.

The platform identifies leakages, eliminates wastage, and improves operational efficiency by aligning energy usage with production demands. It further implements actionable energy-saving strategies grounded in continuous assessments and data-driven insights to reduce costs and ensure compliance with ESG standards.

10. CHEOH – Decentralized Green Energy as a Service

  • Founding Year: 2025
  • Location: Canada

Canadian startup CHEOH develops decentralized green energy-as-a-service solutions that convert excess renewable energy, captured carbon, and saltwater into carbon-neutral methanol.

Its modular, containerized methanol production facilities operate near coastal and remote regions. This converts locally available resources into storable and easily transportable green fuel. The system uses renewable electricity for electrolysis and CO2 capture.

CHEOH combines the outputs to synthesize methanol that powers generators and fuel cells without dependence on diesel. Unlike hydrogen, methanol offers higher energy density and safer handling, reducing both logistical challenges and emissions.

It decentralizes clean fuel production. The startup also lowers energy costs for off-grid users and reduces reliance on imported fossil fuels. It enables remote and Indigenous communities, island economies, and port facilities to achieve energy security and sustainable electrification.

Discover All Emerging Energy as a Service Startups

The 10 energy as a service startups showcased in this report are only a small sample of all startups we identified through our data-driven startup scouting approach. Download our free Industry Innovation Reports for a broad overview of the industry, or get in touch for quick & exhaustive research on the latest technologies & emerging solutions that will impact your company in 2026!