Village of 100: The Energy Industry Represented by 100 Startups
This report gives you a clear-cut overview of what the energy industry looks like represented by 100 global startups. More specifically, you get answers to some of your most burning questions in the Village of 100 Startups graphic below. The graphic highlights how many startups leverage the Internet of Energy (IoE), how many raised more than $1M, and how many have female founders. Additionally, you get to discover three emerging energy startups to watch.
Our Innovation Researchers analyzed 3.963 startups to answer these three questions, taking into account factors such as founder demographic, funding, founding year, locations, and more. The data behind this comes from the StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. And while we looked at a few parameters here, the platform provides you with an extensive range of filters to ensure you discover the right startups and innovations for your needs.
1 in 5 Startups Leverage Internet of Energy
21% of all energy startups use IoE to offer smarter solutions. As the energy demand grows, while fossil fuels deplete, there is a growing need for efficient production, distribution, and usage of energy. Startups use the Internet of Things (IoT) and sensors to increase efficiency, reduce wastage, and save money for utilities as well as energy customers.
AMMP Technologies is a Dutch startup that provides remote monitoring solutions for energy companies. The startup uses IoT-based energy meters to enable preventive maintenance across a customer’s entire energy portfolio.
Over 1 in 4 Startups Raised $1M or more
Among energy startups that have raised any funding in the last 5 years, 27% have raised over $1M. As countries seek to generate a large share of their energy from renewables, green energy startups are receiving a lot of investment. In 2019 alone, investors bet over $10B in renewable energy startups.
The US-based startup Crusoe Energy Systems offers digital solutions to eliminate natural gas flaring. The startup’s Digital Flare Mitigation systems convert wasted natural gas into electricity that powers onsite cloud computing. In December 2019, the startup raised $70 million in funding from Bain Capital Ventures and The KCK Group, and few other investors.
Nearly 1 in 5 Energy Startups have Female Founders
18% of all energy startups have at least one female co-founder. A better gender representation is vital for the industry to make the transition to clean energy. Even now, there is a better representation of women in renewables than in oil and gas (O&G).
PeaFowl Solar Power is a Swedish startup that develops customized solar cells. The startup was founded by Cristina Paun and Jacinto Sá in 2018. The startup’s direct plasmonic solar cells use plasmonic nanoparticles to directly convert light into electricity.
The Global Distribution of Energy Startups
The Global Distribution Map below highlights the geographical distribution of energy startups globally. Over 80% of the startups in the industry are located in either North America or Europe. Asia-Pacific also houses 600+ startups with innovations ranging from energy analytics and transactive energy to energy-as-a-service.
What else is happening in the Energy Industry?
While the IoE and smart grid solutions occupy a major share of the energy sector, startups are also working on other innovative solutions. Some of these include community solar, enhanced oil recovery, and energy informatics. Also, energy startups across different hubs work on different advanced solutions, depending on the technological strengths of the particular region.
Are you looking for innovative energy solutions or technologies? Explore our Top 10 Energy Industry Trend Report or let us do the work for you. We keep you up-to-date on the latest technology and emerging startups and give you actionable innovation intelligence – quickly and exhaustively.