Description

Enabling digital technologies, evolving energy market designs, and active customer participation play an inherently critical role in the ongoing transition occurring within the power market. Increasingly, the reduction of electricity consumption and carbon footprint are the main drivers for a holistic energy solution. With the increasing uptake of energy efficiency measures, renewable energy, and more decentralized grids, companies are making advancements in offering innovative financing alternatives, which has led to the inception of the Energy-as-a-Service (EaaS) business model. A relatively new concept in the power industry, EaaS contracts are more prevalent in North American and European markets.

In the relatively fragmented and emerging global EaaS market of more than 50 multinational conglomerates and start-ups, Frost & Sullivan independently plotted the top 10 EaaS companies in this Frost Radar™ analysis: Schneider Electric, Ameresco, Inc., Siemens AG, General Electric Company, ABB Ltd, Bloom Energy Corporation, Centrica Plc, Honeywell International Inc., Stem Inc., and Carbon Lighthouse, that are truly innovating and best positioned to deliver high value to customers in the future. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores across 10 criteria, as highlighted in the Frost Radar™ methodology.