Promising Energy Storage Companies
There are many energy storage companies on the market today. These companies are developing battery storage technology for commercial and industrial use. The following companies are some of the top names in this field. These companies are also working to develop clean energy vehicles. Tesla, EnerSys, and LG are some of the leading names in the field.
Sonnen – This German energy storage company was founded in 2010 by Christoph Ostermann. It produces and sells energy storage systems for commercial and residential markets. The company is considered one of the leaders in Germany and developed its 8th generation of ESS in 2016. Its primary market is Germany, but the company also supplies other countries.
Alpha ESS – This Chinese company uses lithium batteries for its energy storage solutions. Its modules are UL-1973 approved and can accommodate up to 6.4 kilowatt-hours of energy. The company’s focus is on innovation and invests 40 percent of its employees in R&D. Its battery management systems are flexible, scalable, and safe to operate. They also have plans to deploy systems throughout Europe, Australia, and the Middle East.
Tesla Motors – While it does not produce its own energy storage systems, Tesla has been working on EV battery technology for years. This company is also developing stationary storage solutions. Since last summer, it has invested over $30 million in the technology. It has already signed up Tata Power to invest in an early 35 megawatt-hour installation.
EOS – Another US-based energy storage company, EOS is addressing the same market as ESS Inc. EOS batteries are more compact and have higher energy density, allowing them to fit in small spaces. The company has an upcoming production line and has plans to deploy its first commercially-produced solution in 2020.
The Most Promising Energy Storage Companies
Romeo Power – A US-based company founded by engineers and innovators with major companies, Romeo Power is focused on the electric vehicle (EV) market. Its goal is to make charging EVs accessible to more people. The company has developed an advanced battery storage solution for commercial EVs.
Flow Battery – One of the most promising technologies in the energy storage market is compressed air. Like pumped hydro power plants, compressed air energy storage plants store energy in underground caverns. Instead of pumping water, the pressurized air is heated and released in a turbine when energy is required. This process is similar to lithium-ion battery technology.
Energy storage is an important component of developing low-carbon economies. These technologies help integrate renewable energy sources quickly and efficiently. Many of these technologies are still in their early stages, but the potential for growth is large. Investing in this technology is crucial in order to minimize risk and reduce costs. And the most promising companies are doing just that.
NextEra – This company has a strong track record when it comes to creating shareholder value. Over the past 15 years, the company has returned almost 1,000% to investors. That’s an impressive growth rate compared to the industry average. And NextEra has also raised its dividend over 25 consecutive years. Its dividend has grown at an annual rate of 9.8%, which is well above the industry average.