Renewable Energy Renewable Energy Companies – Curious about what renewable energy trends and startups will soon impact your business? Explore our in-depth industry research on 5,152 renewable energy startups and developments and get data-driven insights into technology-based solutions on our Renewable Energy Innovation Map!
The need for a rapid transition to clean energy is enabling new developments in the renewable sector. Companies and industries are moving towards renewable energy to reduce emissions, lower energy costs and improve environmental performance. The main developments in renewable energy are digitization, energy-saving integrations and solutions that overcome the intermittency of renewable energy production. For these reasons, the use of big data, artificial intelligence (AI) and the Internet of Energy (IoE) are emerging as popular trends as well as innovations in renewable energy sources. Although renewable energy sources such as solar, wind and hydro have been around for a long time, recent innovations make it some of the hottest technologies. Moreover, they dominate the industry because of their competitive edge. Relatively newer areas of research in the renewable sector are energy from green hydrogen and forms of hydropower such as tides, waves and ocean currents.
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For this in-depth study of key trends in renewable energy and startups, we analyzed a sample of 5,152 global startups and scaleups. The result of this research is data-driven innovation intelligence that improves strategic decision-making by providing you with an overview of new technologies and startups in the renewable energy industry. These insights are gained by working with Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, which covers 2,500,000+ startups and scaleups globally. The platform quickly provides a comprehensive overview of emerging technologies in a given area and identifies relevant startups and scales early.
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In the innovation map below, you’ll get an overview of the top 10 renewable energy trends and innovations impacting renewable energy companies around the world. In addition, the Renewable Energy Innovation Map features 20 hand-picked startups, all working on new technologies that advance their fields. To explore customized insights, simply contact us.
The tree chart below shows the top 10 renewable energy trends that will impact businesses in 2022. Innovations in advanced solar cell (PV) technology are focused on technologies that provide greater energy efficiency. In addition, the use of big data and artificial intelligence enables renewable energy at the same time as other applications, such as predictive maintenance and smart management. Distributed energy storage systems (DESS) provide flexibility and stability in renewable energy production. Network integration techniques also stabilize the system by controlling transmission losses. As a result, it leads to the efficient use of off-grid energy sources such as biofuels, wind power and hydropower located far from demand centers. Indirectly, green hydrogen stores energy from other renewable energy sources and also facilitates electrification. Bioenergy continues to be a popular trend due to its decentralized nature. To secure and automate renewable energy sources, energy sources and infrastructure companies are making extensive use of blockchain and robotics, among other technologies.
The Global Startup Heat Map below shows the global distribution of the 5,152 exemplary startups and metrics we analyzed for this study. The heatmap was created through the StartUs Insights Discovery Platform and shows that Western Europe is home to most of these companies, while we also observe increased activity in the US and India.
Below you will meet 20 of these 5,152 promising startups and scaleups and the solutions they develop. These 20 startups were hand-picked based on criteria such as year of establishment, location, raised funds and more. Depending on your specific needs, your top picks may look very different.
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Solar companies integrate solar systems with all aspects of our environment while minimizing the need for additional land use. As a result, integrated PV, floating solar and agricultural lighting are logical changes in development. In addition, startups are developing thin-film cells to make solar panels flexible, cost-effective, lightweight, and environmentally friendly. To improve PV performance, new companies are developing technologies to focus solar energy using mirrors and lenses. Innovations in PV materials, such as the use of perovskite, greatly increase energy conversion. These innovations are further combined with a solar cell design that enables maximum efficiency and high productivity. Together, they promote sustainability through recycling, minimal resource use and the use of other materials.
Dutch startup Lusoco is developing self-luminous solar energy technology. It uses materials with a high refractive index such as glass and polymers along with fluorescent ink to focus the light on the edges where the thin film solar cells are placed. In addition, a fluorescent coating emits light at night, making a sustainable sign. The solution harvests energy while maintaining aesthetics. The reflective glasses are therefore well suited for use in the automotive industry, signs and interior design.
Norwegian Crystals is a Norwegian start-up that produces low-carbon monocrystalline silicon ingots for high-quality solar cells. To produce these ingots, the startup melts high-purity silicon at high temperatures using the Czochralski technique. It also produces gallium-doped ingots that increase the lifetime of solar cells and reduce the number of stabilization steps compared to monocrystalline silicon. In doing so, Norwegian Crystals manages the carbon footprint of solar panel components at very low levels, giving consumers and businesses the opportunity to consider the overall sustainability of solar energy production.
The power grid is one of the most complex infrastructures and requires fast, real-time decision-making, which big data and artificial intelligence enable algorithms for power plants. Beyond network analysis and management, AI applications in the renewable energy sector include energy consumption forecasting and predictive maintenance of renewable energy sources. It also enables the use of online energy applications that predict the capacity of the grid and perform ad-hoc autonomous transactions and pricing. With cloud computing innovations, virtual power plants (VPPs) improve power generation from power plants. In addition, startups are using data analytics and machine learning for renewable energy modeling and performance analysis.
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Also calculates historical energy consumption and carbon dioxide emissions and has renewable energy reviews and weather forecasts. This allows individuals and collective consumers to monitor consumption patterns in real time. In addition, it allows power producers to mix different technologies and optimize load sizes.
The interface displays production forecasts, market price indicators and accounting data to facilitate decisions. With these products, the startup enables market players to simultaneously increase their share of sustainable energy and yield.
DESS localizes the production and storage of renewable energy and overcomes irregularities in production. Based on financial and other requirements, startups offer a range of battery-free and battery-free solutions. For example, flow batteries use low and even energy, while solid-state batteries are light and provide high energy density. For applications that require large amounts of energy, in a short period of time, capacitors and supercapacitors are also used. Due to concerns about emissions, safety and environmental pollution, startups are developing battery-free storage options such as pumped hydro and compressed air technology. On the other hand, excess energy is converted into other forms of energy such as heat or methane for storage and conversion using Power-to-X (P2X) technology.
Swiss start-up Green-Y Energy develops technology to store compressed air energy. By increasing the energy density while doubling the heating and cooling extraction, the startup reduces the amount of storage required and provides heating and cooling energy for domestic use. The process is also sustainable as water and air are the only working fluids. In addition, this compressed air is stored in durable and inexpensive commercial pressure tanks, allowing building managers and homeowners to integrate renewable energy systems.
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Has melt phase and solid phase contact. When heat is applied, the molten phase component stores energy while the solid phase component quickly dissipates the heat. The resulting modular block structure exhibits high energy storage capacity at constant temperature. In addition, the materials and containment devices used are recyclable, safe, economical and easy to use. The large-scale storage capabilities of this solution enable renewable energy companies to provide continuous electricity even during peak periods.
Hydropower is the energy that comes from moving water. Unlike solar and wind, hydropower is predictable and therefore more reliable. Moreover, hydroelectric dams, as well as energy from tides, currents and waves, offer high energy density while reducing reliance on conventional energy sources. The innovations in these renewable energy sources focus on energy converters and component improvements to harvest energy more efficiently. In hydropower, small hydroelectric dams and tidal barriers allow for distributed generation of energy. Ocean thermal energy conversion (OETC) harnesses energy through the temperature gradient created between surface and deep water. Few start-ups also convert the salinity gradient created by the osmotic pressure difference between the sea and rivers into usable energy.
Seabased is an Irish start-up company developing modular wave energy converters. These WECs are buoys on the surface connected to line generators resting on the ocean floor. The moving waves provide energy to the buoys and thus generate electricity. The starter’s patented switching mechanism converts the energy into electricity for use on the grid. Additionally, WECs can withstand rough seas, enabling flexible wave park expansion with high efficiency. Seabased’s solutions therefore enable offshore energy companies and marine communities to produce wave energy as an alternative or hybrid to wind.
Iranian start-up GED Company offers microturbines for decentralized hydropower generation
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