Explore 20 Energy Asset Management Startups to Watch in 2024

How do companies deploy and manage solar and wind farms, offshore energy systems, and more? Discover 20 hand-picked Energy Asset Management Startups to Watch in 2024 & their solutions, spanning AI-led battery diagnostics, energy asset monitoring, energy management, and more!

The integration of IoT devices and sensors in energy assets enables real-time data collection on parameters such as energy consumption, performance, and maintenance requirements. This data is then analyzed using advanced analytics and machine learning algorithms, allowing for predictive maintenance, anomaly detection, and optimization of asset performance. Additionally, blockchain enhances the transparency, security, and efficiency of energy asset management by enabling decentralized and immutable records of energy transactions. Moreover, advances in cloud computing facilitate the storage, processing, and accessibility of vast amounts of data. Consequently, cloud computing enables remote monitoring and control of energy assets. These innovations enhance operational efficiency, improve cost savings, and promote the integration of renewable energy sources into the grid.

20 Energy Asset Management Startups to Watch in 2024

Global Startup Heat Map highlights 20 Energy Asset Management Startups to Watch in 2024

Through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, which covers over 4 760 120+ startups & scaleups globally, we identified 851 energy asset management startups. The Global Startup Heat Map below highlights the 20 energy asset management startups you should watch in 2024 as well as the geo-distribution of all 851 startups & scaleups we analyzed for this research. Based on the heat map, we see high startup activity in the UK and the USA, followed by the rest of Western Europe. These energy asset management startups work on solutions ranging from distributed asset and battery monitoring to the Internet of Things (IoT) and machine learning.

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As the world’s largest resource for data on emerging companies, the SaaS platform enables you to identify relevant technologies and industry trends quickly & exhaustively. Based on the data from the platform, the Top 5 Energy Asset Management Startup Hubs are in London, Bangalore, New York City, Mumbai & Houston. The 20 hand-picked startups highlighted in this report are chosen from all over the world and develop solutions for asset monitoring, error diagnostics, assisted maintenance, and more.

Discover 20 Energy Asset Management Startups to Watch (2024)

Windscope provides AI tools for Wind Farms

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UK startup Windscope provides a solution for monitoring the health and diagnostics of wind turbines. This method enables the timing of maintenance across the entire fleet. It improves turbine availability, lowers costs, and promotes workforce safety. The platform acts as a central point for integrating various turbine data streams, offering a complete view from the fleet to individual turbine systems.

It allows for accurate health assessments to prevent failure events, supports automatic maintenance suggestions, and integrates with CMMS systems for intelligent maintenance planning. Furthermore, Windscope monitors performance across turbines and farms, using analytics to provide insights for managing energy assets effectively.

yaiLab enables Battery Predictive Maintenance

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UK startup yaiLab provides an integrated suite of solutions for energy asset management, focusing on battery data analysis. Its cloud-based platform and API have a direct connection to battery management systems, which facilitates efficient data ingestion. This data is then processed by machine learning algorithms to estimate battery degradation and other important performance metrics.

The startup provides users with insights into battery health and performance, which assists in tracking degradation and maximizing profitability. The platform also includes an interactive dashboard for grid batteries, allowing users to create AI models and produce predictive analytics.

TAO Performance optimizes Electrical Installations

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French startup TAO Performance manages electrical installations on lithium batteries. Its platform, TAO EMS (Energy Management System), is geared towards optimization and security. It oversees the operation of all equipment in an installation to enhance energy autonomy and prolong battery life. The startup’s platform is also suitable for installations in habitable land vehicles such as vans and camper vans, as well as in residential settings.

enSights optimizes Renewable Energy Assets

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US startup enSights provides renewable energy asset management. Its platform offers live performance monitoring at various levels, including system, inverter, and string. This monitoring utilizes technologies such as big data, AI, and ML algorithms.

The startup produces insights to act upon, compares the performance of renewable energy assets, and provides alerts for any irregularities. It gives a centralized view of the status and requirements of renewable energy assets. enSights employs real-time monitoring and machine learning algorithms to enhance performance and decrease consumption.

My Solar Manager enables AI-powered Solar Management

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Australian startup My Solar Manager develops a solar management and sharing platform that utilizes AI. It caters to both large and small scale solar PV power plants, battery systems, VPP, and microgrids. The platform enables the monitoring of solar generation and storage systems, improving performance and maintenance, and allows for energy sharing among apartments.

The platform includes a dashboard for real-time tracking, analysis, and management, contributing to operational efficiency. My Solar Manager also provides predictive analysis, smart alerts, and remote control capabilities to support performance and reduce costs.

Energy Mutual standardizes Energy Management

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UK startup Energy Mutual provides a platform for the management of renewable energy assets. The platform takes care of routine tasks, allowing owners and operators to concentrate on enhancements and promptly identify any underperformance.

It also aids in the generation of operational history records for assets, which are used for recording service events and faults. Moreover, Energy Mutual offers solutions that meet specific energy management requirements, such as local energy systems.

ReVx Energy manages Battery Lifecycle

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Indian startup ReVx Energy builds battery management systems for battery manufacturers and energy storage system integrators. It offers VinciX, a battery management system solution suitable for applications from 12V to 1000V. TuringX, its other product, functions as a battery analytics platform. These startup products serve all EV stakeholders. ReVx Energy’s battery management system contributes to the progression towards a sustainable future.

BAVERTIS optimizes Battery Performance

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German startup BAVERTIS develops a software-driven battery ecosystem for efficient, durable, and independent energy storage. Its AI utilizes precise battery data produced by a microchip within the vehicle battery, which aids in extending the battery life of electric vehicles. The startup employs a multilevel approach, a method typically used in high-voltage applications.

By integrating multilevel inverters with modern battery technology and artificial intelligence, it offers an effective energy storage solution. The BAVERTIS energy storage system uses standard battery cells, which are incorporated into modules with electronic power switches. These switches enable the modules to be connected in series or parallel as needed, and also allow for bridging.

Enerlytics Lab provides Energy Insights

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Pakistani startup Enerlytics Lab develops a platform for managing energy assets. This platform links energy production and consumption assets, offering comprehensive insights. It provides analytics through a modular structure, which allows for the customization of the energy dashboard.

The startup’s platform keeps track of important performance metrics such as flow rate, pressure, temperature, and usage. It also includes tools for measuring emissions and collecting and analyzing data across various scopes. Enerlytics Lab’s platform integrates well with existing systems, gathering information on energy production, consumption, and fuel usage.

Enurgen captures Solar Asset Performance

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Canadian startup Enurgen develops software for utility-scale solar plants. Its platform, DUET (DUal-sided Energy Tracer), offers comprehensive asset management. DUET Designer, its cloud-based application that is open-access, allows solar designers and engineers to improve bifacial solar assets.

The software engine, DUET, supports the complete design of a bifacial utility-scale solar system. It merges the computational efficiency of 3D VF modeling with deterministic ray-object intersections to improve racking shading capabilities. Enurgen’s custom algorithm is effective for bifacial solar systems as well as monofacial solar panels.

 

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Digitised Energy simplifies Renewable Energy Asset Management

Indian startup Digitised Energy builds a big data and analytics platform for managing renewable energy assets. It offers data insights as well as automatically generates and assigns work orders across teams. The platform utilizes a mathematical and statistical query modeling engine to process data, review alerting patterns, and apply statistical algorithms. Its manual, automated, and machine learning rules allow plant owners to automatically convert observations and predictions into work orders. This, in turn, streamlines maintenance operations.

Heimdalytics offers AI-led Battery Diagnostics & Repair

German startup Heimdalytics provides an AI-powered analysis platform for diagnosis and repair. The startup’s patent-pending impedance spectroscopy solution provides insights into underlying electrical processes to optimize parameters like charge/discharge characteristics. The platform further leverages this data to assess welded battery modules and exchange modules from existing inventory. This allows battery companies to reduce costs and sustainably use their resources.

Wattch enables DER Monitoring

US-based startup Wattch enables observability, intelligence, and control of renewable energy systems like solar, wind, and hydroelectric. It offers solar software and monitoring products for performance improvement in facilities. The startup’s software and hardware solutions enable secure, two-way, and real-time data collection and system controls. It allows grid owners to track, evaluate, and report on DER assets remotely. Wattch thus offers grid managers enterprise-grade security and a data acquisition system.

CLEANerg makes Sustainable Energy Storage Devices

CLEANerg is an Indian startup that manufactures energy storage devices for EVs, wind and solar power generation, and power backup systems. It offers renTRIK, a fully swappable load-sharing battery system with models INSTA2002, INSTA30380, INSTAx2002, and INSTAx30380. The startup works towards net zero emissions, improved reliability and recycling, as well as a better performance by using its proprietary material and engineering technology. This enables CLEANerg to cater to sustainable cities, clean energy manufacturers, industry innovators, and climate managers.

flucto aids Offshore Wind Farm Monitoring

German startup flucto develops digital monitoring technology for offshore wind farms. Its custom monitoring solutions provide wind farm owners with real-time insights about installation processes. The startup’s technology leverages an open-source motion sensor box that features a single-board computer, GNSS, LoRa, Wi-Fi, Bluetooth, a camera, and sensors.

These technologies simplify acceleration measurement and precise location estimation. flucto helps wind farm managers to track the upending process, detect collisions, and provide the basis for measurement during installation.

Skyfri facilitates Solar Asset Performance Tracking

Skyfri is a Norwegian startup that develops advanced operating platforms for maximizing production and reducing the costs of solar assets. The startup’s solution, Skyfri Intelligence, identifies underperformance and root cause in real-time using IoT sensors to connect multiple parameters. Third-party integrations allow the platform to further enable predictive maintenance and supported workflows of the solar assets.

Additionally, the startup offers SolarSCADA, a ready-to-install pre-commissioned system with simplified sensors calibration and maintenance for monitoring solar instruments. Skyfri, in turn, enables digital solar operations and maintenance to maximize energy generation for asset owners.

AppER streamlines Energy Management

Italian startup AppER provides solutions from the pre-analysis phase to implementation for energy and industrial applications. It offers EVA, RENE, and OCR, the startup’s solutions to convert dispersed heat to produce electricity. AppER provides industrial designing and prototyping services using system modeling and simulations to increase energy efficiency and savings. It caters to energy managers by providing energy management systems and solutions to monitor production plants.

inBalance simplifies the Energy Transition

US-based startup inBalance makes software for the energy transition and optimization of grid-scale storage systems and renewable energy assets. It utilizes machine learning to collect public and proprietary data to offer accurate electricity risk and price forecasts to end users. The startup supports independent power producers (IPPs), integrators, and storage OEMs by delivering charging plans and optimized dispatch bids. inBalance enhances asset management for energy portfolio managers and optimizes charging for EV OEMs, fleet managers, and owners.

Firefly Energy Solutions aids Energy Demand & Supply Management

Firefly Energy Solutions is a US-based startup that offers a software-as-a-service (SaaS) analytics platform for managing electricity, natural gas, and renewable energy assets. The modular platform features load forecasting, pricing, risk management, asset valuation, and energy analytics for running assets. Firefly Energy Solutions’ solution addresses energy supply and demand management of the energy chain. This helps energy generators, regulated utilities, cooperatives, communities, retail sectors, and end users in managing their energy assets.

enFinergy makes an Intelligent Energy Management Hub

enFinergy is an Italian startup that provides Smart Power Center, a cloud-based solution for utilities and distribution system operators (DSOs). It combines smart energy management and a storage device for better utilization of real-time variable electricity rates and reduces peak loads. This allows utilities to connect more consumers to the transmission and distribution networks.

The solution also aids the integration of multiple distributed renewables and enables peer-to-peer (P2P) and DSO-to-consumer energy trading. As a result, the startup reduces capital expenses for energy storage systems (ESS), integrates cleaner energy sources, improves access to virtual energy storage, and more.

Discover All Emerging Energy Startups

The energy 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 Energy Innovation Report 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 2024!

 

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