Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the energy industry. This time, you get to discover 5 hand-picked electric grid solutions.
Out of 454, the Global Startup Heat Map highlights 5 Top Electric Grid Solutions
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 454 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 energy startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 449 electric grid solutions, get in touch.
Energeo provides Renewable Smart Grid Solutions
Smart grid management involves regular data collection, processing, and analysis. Inter-connected sensors and meters provide both consumers and energy producers with accurate usage data. However, power grids differ, meaning one solution does not fit all. For example, some grids utilize and deliver renewable energy system (RES)-based power. This requires different technologies due to issues pertaining to two-way voltage fluctuations. Thus, startups develop smart grids solutions that facilitate RES integration into the grid.
UK-based startup Energeo offers custom grid solutions. The startup provides hardware solutions for renewable smart grid applications. Their software solution optimizes and analyzes solar photovoltaic (PV) energy and electric vehicles (EV) charging installations. The solution also offers real-time information from the network to optimize power utilization. In addition, it indicates the benefits of battery storage, flexible generations, and other particulars of RES.
Smart State Technology enables Advanced Grid Monitoring
Two-way electricity and network monitoring work in tandem in smart grids. Since the power flows both ways, the possibility of voltage fluctuations, leading to disconnections, is high. At the same time, grid monitoring provides the link between power usage behaviors and power supply. For instance, anomaly detection solutions enable utilities and power suppliers to identify a problem immediately. This also ensures that users obtain an unimpeded flow of available power. To this end, startups provide grid monitoring solutions.
Smart State Technology is a Dutch startup that delivers advanced grid monitoring solutions. It uses embedded sensor technology which allows for synchronized high-speed measurements, signal processing, data analysis, and anomaly detection. The startup, thus, enables low-voltage power automation and grid monitoring. The advanced measurement solution consists of a time beacon for synchronization, combined with voltage and current sensors as well as smart nodes. With the solution, power suppliers gain a holistic view of the grid.
Electrical Analytics advances Smart Grid Predictive Maintenance
The wires and sensors require maintenance due to wear from regular usage. However, a lack of remedial action impacts power delivery to users. Manual maintenance standards are not sufficient nowadays to cater to the growing energy demands of users. Predictive maintenance, on the other hand, allows grids to maintain power services proactively. Technologies such as real-time automated monitoring and artificial intelligence (AI) provide power suppliers with regular grid status updates. Consequently, startups offer predictive maintenance solutions for smart grids.
Irish startup Electrical Analytics provides predictive maintenance for smart grids. PwrScope is a single-point installation electrical intelligence solution. It allows for long-term condition tracking of electrical grid equipment for predictive maintenance. Thereby, the solution enables replacements before power failures. It also includes a breakdown analysis of power consumption patterns, protection of sensitive equipment, and operational awareness. This allows utilities to proactively monitor and maintain smart grids.
IOTE2E designs Sustainable Smart Grids
Energy storage systems (ESS) and energy management systems (EMS) empower sustainability across smart grids and integrate renewable energy systems into the power supply. However, a lack of a capable EMS leads to two-way power fluctuations. Several models of smart grids face this challenge, and both EMS and ESS allow for the management of peak demand. As a result, startups develop sustainable EMS- and ESS-based smart grid solutions.
IOTE2E is a South Korean startup that develops sustainable smart grid solutions. The startup combines ESS and EMS products to allow for an uninterrupted power supply (UPS). Besides, their solution empowers utilities to focus on utilizing photovoltaic (PV) solar energy and biomass. Therefore, it allows for distributed renewable energy generation for smart cities. Through these technologies, the startup provides customized smart city infrastructure and a smart energy network for urban and rural communities.
OKTO enables Continuous Asset Monitoring
Reducing energy losses is critical to a modern power grid. A key element in spearheading this development is monitoring and maintaining transformers that manage the electricity supply. In particular, real-time monitoring of transformers achieves two goals — reduction in energy fluctuations and load management. To this end, startups offer smart grid solutions enabling transformer monitoring and maintenance.
Danish startup OKTO designs a transformer-sensing solution. It enables continuous asset monitoring and prediction of equipment maintenance schedules. Moreover, real-time monitoring of transformer saturation and grid-wide harmonic strain enables active load management with direct impact through existing workflows. The solution empowers retrofitting existing transformers, thus enacting smart grids, allowing utility companies to avail of smart grid services without major infrastructure changes.
Discover more Energy Startups
Energy startups such as the examples highlighted in this report focus on demand-side management, smart grid management as well as distributed energy resources (DER). While all of these technologies play a major role in advancing the energy industry, they only represent the tip of the iceberg. To explore more energy technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Energy Innovation Report to save your time and improve strategic decision-making.