As the energy sector undergoes seismic shifts, the newcomers are not just flipping the switch—they’re rewiring the circuit. By pioneering transformative solutions in everything from decarbonization to energy storage, these new energy companies are indispensable allies for organizations committed to being future-ready. Expect actionable intelligence on:
- How Emerging Energy Companies are Changing the Industry Landscape
- Profiles of 10 New Energy Companies
- Quick Guide for Streamlined Sourcing of New Energy Companies
Key Takeaways
Before diving into the intricacies, here are three critical insights you should walk away with:
- Trends to Watch: Key trends including decarbonization, hydrogen economy, decentralization, fuel cells, energy storage, and recycling are transforming the energy sector. These trends serve as the backdrop for the breakthroughs and innovations offered by new energy companies.
- Industry Stats: Data from the Discovery Platform reveals that the energy sector has achieved an impressive annual growth rate of 28.6% over the last five years. With involvement from over 3.1 million companies and a massive workforce of 261.5 million, the industry offers substantial opportunities for innovation and partnership.
- 10 New Energy Companies:
How Emerging Energy Companies are Changing the Industry Landscape
The energy sector has been growing at an annual rate of 28.6% over the last five years, according to the Discovery Platform. This burgeoning field comprises over 3.1 million organizations, employing a vast workforce of 261.5 million people. But what are these companies focused on, and how are they impacting the sector?
Below are the key trends that are reshaping the energy landscape.
Decarbonization
The drive towards a zero-carbon future is making significant inroads in reducing the sector’s carbon footprint. New technologies and innovations are facilitating the transition from fossil fuels to cleaner energy sources.
Hydrogen Economy
The hydrogen-based energy generation represents a significant pivot towards cleaner fuels. Companies focusing on hydrogen as an energy source are opening up new avenues for power generation and storage, with the potential to replace or augment traditional fossil fuels.
Decentralization
Energy decentralization is allowing for a more democratic distribution of resources. Companies are developing technologies that let consumers generate their own energy and even sell it back to the grid.
Fuel Cells
Fuel cell technology offers another avenue toward a cleaner and more efficient energy future by leveraging the hydrogen economy. Companies are developing fuel cells for a variety of applications, from portable power sources to large-scale energy production.
Energy Storage
Energy storage solutions are addressing one of the sector’s most significant challenges: how to store renewable energy for use when the sun isn’t shining or the wind isn’t blowing. Innovations in battery technology are making renewable energy more practical and accessible.
Recycling
Companies are innovating to convert waste products into energy, transforming what was once considered trash into valuable resources. This not only solves waste management issues but also contributes to energy production.
The energy industry is blazing new trails in innovation and sustainability. New energy companies are not merely joining the grid; they’re redefining it. As these organizations shape how we consume, conserve, and even generate energy, they are becoming essential collaborators for any business eager to stay ahead in the energy transition.
Introducing 10 New Energy Companies
In this section, we spotlight 10 emerging energy companies that are not just keeping pace with industry transformation but are actively driving it. From innovative technologies to disruptive business models, these companies exemplify the future of energy.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. Signal Strength gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies.
- Very Weak/Weak: Indicates a company that is under the radar, not popular, or yet to gain popularity.
- Medium/Medium Strong: Suggests that the company has achieved average propagation, balancing between obscurity and noticeable influence.
- Strong/Very Strong: Designates a company as hot, upcoming, or already popular within the industry.
This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. BioEsol
- Founding Year: 2021
- Employee Range: 11-50
- Location: USA
- Signal Strength: Very strong
- What they do: BioGrid by BioEsol delivers portable, modular energy storage systems with capacities ranging from 2 kWh for personal use to 500 kWh for commercial applications. These systems, suitable for indoor or outdoor use, feature real-time monitoring via a mobile app and are also equipped for electric vehicle (EV) charging. They meet international safety standards and offer a convenient solution for on-demand electricity storage.
2. Elevate Renewables
- Founding Year: 2022
- Employee Range: 1-10
- Location: USA
- Signal Strength: Very strong
- What they do: Elevate Renewables develops battery storage projects across the U.S., targeting 5GW of potential storage at 25 existing ArcLight Capital locations. With a pipeline of over 15 facilities in states like California and New York, the company accelerates the renewable energy transition. Notable projects include Kearny Generating Station near NYC and Keys Energy Center near Washington D.C.
3. Gridcog
- Founding Year: 2020
- Employee Range: 11-50
- Location: Australia
- Signal Strength: Very strong
- What they do: Gridcog offers software that models and optimizes transitions to decentralized, decarbonized energy. Used by leading companies, the software enables scenario testing for economic and environmental viability while also tracking actual performance over time. It aids stakeholders in developing sustainable energy systems.
4. Apeiro Energy
- Founding Year: 2021
- Employee Range: 2-10
- Location: India
- Signal Strength: Very strong
- What they do: Apeiro develops decentralized renewable energy solutions like standalone systems and microgrids using wind, solar, and hydropower. It is working on iWind, a smart micro wind turbine for small-scale rural and urban generation. Recognized and incubated by DPIIT, iCreate, and Social Alpha, Apeiro has won multiple clean energy challenges.
5. Enduce
- Founding Year: 2021
- Employee Range: 2-10
- Location: Sweden
- Signal Strength: Medium
- What they do: Enduce’s energy-efficient shower drain recovers up to 75% of heat from used water, reducing both operating costs and environmental impact. Utilizing a heat exchanger, the system lowers hot water needs for comfortable showers. Easy to install and low maintenance, the drain pays for itself through property value boosts and improved net operating income.
6. Universe Energy
- Founding Year: 2021
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very strong
- What they do: Universe Energy combines robotics and machine learning to automate EV battery disassembly, repurposing them for grid storage. This extends battery lifespan by up to 10x and cuts costs by 50%, mitigating environmental and safety issues related to new material mining. Led by a former Tesla developer and backed by sustainability-focused investors, the company aims to deploy 10 terawatt-hours of grid storage from reused batteries by 2050.
7. FusionOne
- Founding Year: 2022
- Employee Range: 11-50
- Location: Canada
- Signal Strength: Very strong
- What they do: FusionOne Energy is developing a HydroPlas reactor to convert plastic waste into low-cost hydrogen and electricity. This decentralized solution diverts waste from landfills while combating carbon pollution. Its Michigan pilot will integrate technologies into a functional system, offering scalable, quick-deploy solutions for circular economies and zero-emission microgrids.
8. Transitional Energy
- Founding Year: 2020
- Employee Range: 1-10
- Location: USA
- Signal Strength: Very strong
- What they do: Transitional Energy provides geothermal solutions to aid oil and gas operators in reducing carbon footprint and energy costs. Its HXC Sled system generates emission-free electricity onsite using produced fluids. The technology expands geothermal’s reach beyond tectonically active areas. A Nevada pilot with ElectraTherm showcased the system’s effectiveness, earning them Emerging Cleantech Company of 2020 by the Colorado Cleantech Industries Association.
9. Vortechs
- Founding Year: 2021
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very strong
- What they do: Vortechs’ WasteNgine machines recycle 80-90% of mixed plastic waste locally, surpassing the global rate of 16% and reducing the carbon footprint. Partnering with a recycling company, preliminary tests show the technology could cut sorting staff by 75-87% and eliminate the need for sorting lines and baling machines, thereby lowering costs. Vortechs simplifies recycling without preparation or sorting.
10. Hysun
- Founding Year: 2023
- Employee Range: 2-10
- Location: Spain
- Signal Strength: Medium strong
- What they do: Hysun’s M-M/CST technology leverages solar energy and water to produce renewable hydrogen off-grid with zero carbon emissions. Achieving 56% solar-to-hydrogen efficiency, the technology estimates hydrogen costs at $1-$3 per kg, competitive with fossil fuels. The modular design supports the production of 45-9000 tons of hydrogen annually with a small footprint and without the need for separation equipment. The technology has been showcased in projects like BacToFuel.
Quick Guide for Streamlined Startup and Scaleup Sourcing in the Energy Sector
The energy industry isn’t what it used to be, and we have a new breed of companies to thank for that.
Finding the right startups and scaleups in the energy sector requires a discerning eye and specific criteria, given the industry’s unique complexities.
What to Look For:
- Regulatory Compliance: Navigating the regulatory landscape is crucial. Ensure the companies you’re interested in adhere to both local and international regulations.
- Technological Innovation: Seek companies that are aligned with key trends like decarbonization, energy storage, and hydrogen economy, to name a few.
- Financial Stability: Look for companies with solid financials, including revenue growth and funding history.
- Sustainability Focus: Companies with a strong commitment to sustainability are more likely to be future-proof.
- Scale and Flexibility: Evaluate the scalability of the company and its flexibility to adapt to industry changes.
- Talent Pool: An experienced team can navigate the sector’s challenges more effectively.
- Customer Base: Established partnerships or a solid customer base can be strong indicators of stability.
Your go-to resource for this intricate task is the Discovery Platform. Currently, it features 167,000 energy companies founded since 2013, each profiled with the following details:
- Name
- Description
- Founding year
- Signal Strength
- Location
- Industry
- Stage
- Revenue
- Total funding
- Employee number
- Contact info
- News coverage
- Similar companies
The platform actively streamlines your evaluation process by offering features to bookmark and directly compare companies, enabling you to make data-driven decisions with ease.
Next Steps
Navigating the complex terrain of new energy companies demands a holistic approach— one that melds an in-depth awareness of current trends with a robust framework for sourcing and evaluation.
To equip yourself with the insights and data required for smart decision-making in this sector, schedule a demo on our Discovery Platform. If you’re interested in a broader industry perspective, our Energy Trend Report is available for free and serves as an invaluable resource.
