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 energy 4.0 startups.
Global Startup Heat Map highlights 5 Top Energy 4.0 Startups out of 638
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 638 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 633 energy 4.0 solutions, get in touch.
Craft AI develops Artificial Intelligence (AI)-based Software Suite
Energy 4.0 solutions accelerate the deployment of renewables, distributed energy resources (DERs), microgrids, as well as various other automation and digitization solutions for the energy sector. This facilitates data acquisition at each step, thereby, enabling continuous monitoring and predictive analytics. Thus, startups develop smart management and automation solutions to improve energy network monitoring and overall efficiency while reducing energy wastage.
Craft AI is a French startup that creates a proprietary AI-based energy 4.0 software suite for energy utilities. The startup’s explainable AI automates data preparation and model training, which also speeds up its scalability and compatibility. The solution is already in use for solar panel underperformance diagnosis, energy mix optimization, and predictive maintenance as well as energy management. This flexibility allows energy utility operators to customize AI solutions for their specific processes and requirements.
endiio enables Power Grid Monitoring
The Internet of Things (IoT) is a critical factor in enabling energy 4.0. It collects the necessary data and enables process monitoring for energy utility assets and grid management. However, since IoT solutions are low-power electronic devices, they require high-temperature resistance, anti-electromagnetic, and hydrophobic properties for use in the energy sector. To this end, startups develop IoT devices customized for the energy industry requirements.
Austrian startup endiio develops an IoT sensor platform for high-voltage applications, such as transformer and power line monitoring. The startup uses radio communication to enable ultra-low-power communication for IoT sensors. endiio also provides a Retrofit Box that packs the required sensors, gateway, and supplemental software for energy asset monitoring. Further, the solution is self-sufficient and requires minimal to zero maintenance.
OXYGEN Technologies offers a Decentralized Energy Platform
Industry 4.0, in general, involves the automation and digitization of operations in an industry. However, it also facilitates the development of more efficient, affordable, and scalable DERs. To manage these decentralized energy resources, startups develop decentralized energy exchange (deX) solutions, which enable energy commerce. This allows households and businesses to sell their excess energy to the grid, thereby enabling effective demand-side management.
German startup OXYGEN Technologies develops ELEMENTS, a decentralized energy platform that connects prosumers’ energy systems with the Internet of Energy (IoE). The startup also supports cogeneration plants, photovoltaic power stations, and charging points, among other renewable sources. OXYGEN Technologies’ platform also allows users to control and monitor DERs while providing real-time energy data and optimizing energy flows.
SavvyBI provides Energy Intelligence Software
Digitization of the energy utilities provides data points at various levels of energy production. Startups utilize big data and analytics to generate insights from this data. With such solutions, energy companies streamline their operations, as well as conserve energy and improve demand-supply management. For instance, an on-premise analytics platform improves data management and offers real-time information into grid conditions.
SavvyBI is an Australian startup that provides energy intelligence software. The startup continuously monitors the energy consumption and demand in the grid to identify problems and opportunities. Upon an event, the software offers actionable and directional steps to deal with it. The startup’s software allows energy utility managers to enforce workplace regulations on power usage and improve asset management. The software also provides network tariff review and cost forecasting.
AlphaStruxure offers Energy-as-a-Service (EaaS)
Renewables, even though they are cleaner alternatives, often come from intermittent renewable energy sources such as wind and tidal power. Due to this, energy utilities are unable to use renewables as fully reliable sources for the grids. To tackle this issue, startups develop energy-as-a-service solutions that provide subscription-based energy for utility companies. These solutions do not need upfront costs and further allows utilities to satisfy various carbon-emission targets in the energy sector.
US-based startup AlphaStruxure offers EaaS for end-consumers and energy utility companies. The startup’s EaaS combines advanced energy systems and performance-based energy service agreements (ESA). This way, AlphaStruxure enables long-term cost certainty, sustainability, reliability, and resilience for the energy transactions. As a result, energy companies save costs, improve market predictability, and mitigate operational risks due to the variety in energy resources.
Discover more Energy Startups
Energy startups such as the examples highlighted in this report focus on energy intelligence solutions, power grid monitoring, decentralized energy platform as well as Energy-as-a-Service. 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.