The rapid pace of solar deployments is putting more pressure on energy companies to ensure assets are operational
A new Leaderboard Report from Guidehouse Insights evaluates the strategy and execution of 16 solar PV monitoring and control (M&C) system providers, with AlsoEnergy and GreenPowerMonitor ranked as the leading market players.
As renewable energy investments continue to expand and grow rapidly across on-grid and off-grid locations, investments in M&C of these assets have also gained momentum around the globe. M&C can have a significant impact on optimizing the overall levelized cost of energy with the help of sophisticated data analysis and sensors to detect any operational issues across solar PV and wind assets. Click to tweet: According to a new Leaderboard report from @WeAreGHInsights, AlsoEnergy and GreenPowerMonitor are the leading solar PV M&C vendors.
"These vendors offer comprehensive and integrated solutions that can be tailored to operate in a wide variety of application segments including distributed and utility-scale solar installations," says Pritil Gunjan, senior research analyst at Guidehouse Insights. "However, this is a highly competitive market, and trailing companies are rapidly catching up by adding features and moving from pilot deployments to full-scale deployments."
According to the report, the rapid pace of digitization across the energy sector has fundamentally led to a shift toward capital optimization of asset portfolios, putting more pressure on energy companies to ensure assets are operational. M&C of renewable energy not only refers to the software technology that monitors and controls generation of energy from these assets, but also ensures that the service providers have a holistic approach to strategically manage asset performance optimization. Solar PV M&C vendors and software companies are embracing these value streams to provide added value to customers.
The report, Guidehouse Insights Leaderboard: Solar PV Monitoring and Control Vendors, examines the strategy and execution of 16 leading monitoring and control vendors active in the solar PV market. These vendors are rated on 12 criteria: vision; go-to-market strategy; partners; product integration strategy; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio and ecosystem; pricing; and staying power Using Guidehouse Insights’ proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the growing solar PV M&C market. The report also examines the key hardware and software revenue related to renewables M&C systems. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Solar PV Monitoring and Control Vendors, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.