energycioinsights

Top 10 Energy Storage System Providers - 2018

The last few decades have witnessed exploitative consumption of energy, resulting in a steady drop in non-renewable resources. In parallel, with the advancement of technology, firms across the globe are striving to find newer and smarter solutions to make the storage of energy easier and more efficient without compromising on the safety. The ability to store energy in batteries brings a completely new perspective, making it possible to store larger amounts of energy for a longer duration of time. The shift from conventional NCM batteries to those composed of Lithium Titanate has brought improvements like faster battery recharging, significantly longer shelf life, and minimal maintenance. Groundbreaking technology is being utilized by many industry leaders to lower risks, such as flammable and toxic gas production, leakage of hazardous materials, and overheating and thermal runaway, in energy storage systems. Latent short circuits in lithium-ion batteries that cause fires can be effectively mitigated by replacing the conductive anode layer with insulating materials.

The energy storage marketplace is filled to the brim with myriad solution providers, which makes it cumbersome for a CIO to choose the apt solution provider. To make the task easier, Energy CIO Insights brings a special edition on energy storage systems. Our distinguished selection panel, comprising CEOs, CIOs, CTOs, industry analysts, and our magazine’s editorial board, has narrowed the choices to a few trailblazing providers that exhibit competence and innovation in delivering efficient and cost-effective energy storage systems.

We present to you Energy CIO Insights’ “Top 10 Energy Storage System Providers – 2018.”

Company Logo Company Name Company Description
ABB [ABBN: SIX Swiss Ex] ABB drives efficiency, safety and productivity in utilities, industry, transport and infrastructure globally
Fluence Fluence brings proven technology solutions and services that overcome the commercial and regulatory barriers standing in the way of modernizing energy networks
LG Chem, Ltd. [KRX: 051910] LG Chem is a world-class chemical company that provides innovative electronic materials and energy solutions
Primus Power Breaking away from conventional flow battery design, Primus’ flow batteries can last for up to 20 years with minimal maintenance
Regent Power Energy storage solutions integrator/provider
Stellar Energy Provider of custom power augmentation and energy solutions for the power generation and utilities markets
Toshiba Provides highly efficient and safe energy storage solutions to several prominent organizations globally
Viking Cold Solutions Viking Cold Solution’s Thermal Energy Storage (TES) reduces energy by 20-35% while stabilizing temperatures for improved efficiencies of cold storage facilities
VOITH Voith is a leading full-line supplier for equipping hydropower plants, and develops solutions and services for large and small hydro plants
WISE An IoT based energy storage company providing an effective energy management system to enable increased cost savings and reduced wastes