Top 10 Energy Storage Companies in North America
1 Jul 2024
PF Nexus highlights the top 10 Energy Storage Companies in North America
In this article, PF Nexus highlights the Top 10 energy storage companies in North America driving the renewable energy transition.
North America is leading a global energy transformation, leveraging its abundant renewable resources to propel a sustainable future forward. With an impressive 2,460 gigawatts of renewable energy capacity installed by 2023, the region is swiftly surpassing conventional sources. This growth is fueled by increasing consumer demand, technological advancements, and a collective commitment to combat climate change. The United States and Canada are at the forefront, setting ambitious targets to shift their power grids towards clean energy dominance. Renewable energy projects are flourishing, positioning North America as a pioneer in reducing carbon emissions. With multiple pathways towards achieving an 80% reduction in power-sector emissions by 2050, the region anticipates unlocking new levels of energy security, economic growth, and environmental stewardship through innovative cooperation.
Energy storage technologies are pivotal in enabling renewable energy, allowing these sources to contribute significantly to a grid’s overall generation capacity. Battery Energy Storage Systems (BESS) lead the charge with their versatility, supporting utility-scale grid operations and behind-the-meter installations in commercial and industrial settings. Additionally, emerging technologies like thermal storage and flow batteries are gaining traction for their efficacy in longer-duration energy storage solutions.
As renewable energy and energy storage technologies advance, their synergies strengthen, crucial in building a resilient, flexible, and sustainable electricity system powered by renewables.
The renewable energy sector has grown exponentially, now standing among the world’s largest industries, surpassing even Oil & Gas. The green energy revolution has given rise to numerous major companies, with hundreds playing pivotal roles in driving the energy transition. Key players include project developers, renewable energy investors, and firms offering financial, technical, or legal advisory services.
Top 10 Energy Storage Companies in North America
View the full list1
NextEra Energy Partners LP
Founded 2000USA
SolarWindOther RenewablesEnergy StorageInfrastructure & Other
Type: Developer, Investor
NextEra Energy Resources, LLC, a subsidiary of NextEra Energy, Inc., stands as a formidable force in the clean energy sector, boasting a substantial portfolio of approximately 24,600 megawatts of net generating capacity across the United States and Canada. Renowned as the world's largest producer of renewable energy from wind and solar sources, as well as a leader in battery storage, NextEra Energy Resources operates nuclear power facilities in New Hampshire and Wisconsin, contributing to emissions-free power generation. As a leading wholesale power generator, they supply a diverse mix of fuels to various entities, including utilities and industrial companies, while investing significantly in energy infrastructure projects to further expand their renewable energy footprint. With a commitment to innovation and sustainability, NextEra Energy Resources continues to shape the future of clean energy production NextEra Energy Resources.
NextEra Energy Resources is spearheading initiatives that redefine the industry's approach to environmental sustainability, leveraging its expertise in large-scale development, construction, and operation. As the world leader in sustainable energy, they offer state-of-the-art energy storage solutions tailored to meet diverse energy needs, alongside a holistic approach to energy resource distribution encompassing onsite generation, demand response, and more. With top transmission facilities, energy marketing capabilities, and an unmatched analytics department, NextEra Energy Resources remains at the forefront of innovation in the energy sector Link to NextEra Energy Resources: Why Us.
NextEra Energy Resources is spearheading initiatives that redefine the industry's approach to environmental sustainability, leveraging its expertise in large-scale development, construction, and operation. As the world leader in sustainable energy, they offer state-of-the-art energy storage solutions tailored to meet diverse energy needs, alongside a holistic approach to energy resource distribution encompassing onsite generation, demand response, and more. With top transmission facilities, energy marketing capabilities, and an unmatched analytics department, NextEra Energy Resources remains at the forefront of innovation in the energy sector Link to NextEra Energy Resources: Why Us.
2
ENGIE UK
Founded 2009GBR
SolarWindOther RenewablesEnergy StorageInfrastructure & Other
Type: Investor
ENGIE, a key player in the UK energy market for over two decades, boasts a global presence with significant investments in renewable energy and storage solutions. Their commitment to expanding low carbon assets, including wind and solar power, reflects a dedication to sustainable development. With ambitious targets set to achieve substantial renewable capacity by 2025 and 2030, ENGIE's impact extends beyond borders, employing 170,000 individuals worldwide and investing heavily in research and development.
Their UK operations, headquartered in Leeds, focus on supplying gas and electricity to organizations of all sizes while actively promoting energy efficiency and green initiatives. ENGIE's workforce of 1,000 in the UK plays a pivotal role in driving the transition to a net-zero carbon future, emphasizing the importance of responsible business practices that balance economic performance with environmental stewardship. Through innovation and collaboration, ENGIE strives to enhance living and working environments while championing sustainable progress for generations to come ENGIE UK.
Their UK operations, headquartered in Leeds, focus on supplying gas and electricity to organizations of all sizes while actively promoting energy efficiency and green initiatives. ENGIE's workforce of 1,000 in the UK plays a pivotal role in driving the transition to a net-zero carbon future, emphasizing the importance of responsible business practices that balance economic performance with environmental stewardship. Through innovation and collaboration, ENGIE strives to enhance living and working environments while championing sustainable progress for generations to come ENGIE UK.
3
Enel Green Power S.p.A. (EGP)
Founded 2008IND
SolarWindOther RenewablesEnergy StorageInfrastructure & Other
Type: Developer, Investor
The Enel Group is dedicated to renewable energy production and management on a global scale. With a diverse energy generation mix encompassing wind, solar, hydroelectric, geothermal, and green hydrogen, their 1,200 plants span five continents, boasting an installed capacity of approximately 53 GW. Operating with a sustainable business model, they create value not just for themselves but also for the communities they serve worldwide. Constantly pursuing new projects and technological advancements, they strive to innovate in renewable energy research and production. Their ambitious goal is to foster competitiveness and sustainability while prioritizing people and the environment. They firmly believe in the transformative power of renewable sources to enhance production system competitiveness and ensure energy security. By harnessing wind, solar, water, and geothermal energy, they facilitate greater energy independence for nations while safeguarding the environment. Through customized and long-term Power Purchase Agreements, they provide clean energy solutions to businesses, empowering them to reduce emissions and embark on a sustainable path. Their commercial offerings extend beyond energy supply, encompassing additional services tailored to enhance client sustainability strategies, benefiting both stakeholders and the environment.
At the forefront of sustainable energy transition, they're dedicated to decarbonizing and electrifying energy consumption to combat climate change. Their mission, ""Enabling progress with sustainable energy"", guides their efforts in developing and operating renewable energy plants, including on-shore wind, photovoltaic, hydroelectric, and geothermal, while investing in hybridization of technologies, integration with other sectors like agrivoltaics, and innovative circular economy solutions. Additionally, they prioritize Battery Energy Storage Systems (BESS) to address intermittency, enhance grid flexibility, and ensure energy security. Enel Green Power - Mission 2040
At the forefront of sustainable energy transition, they're dedicated to decarbonizing and electrifying energy consumption to combat climate change. Their mission, ""Enabling progress with sustainable energy"", guides their efforts in developing and operating renewable energy plants, including on-shore wind, photovoltaic, hydroelectric, and geothermal, while investing in hybridization of technologies, integration with other sectors like agrivoltaics, and innovative circular economy solutions. Additionally, they prioritize Battery Energy Storage Systems (BESS) to address intermittency, enhance grid flexibility, and ensure energy security. Enel Green Power - Mission 2040
4
Akuo Energy
Founded 2007FRA
SolarWindOther RenewablesEnergy StorageInfrastructure & Other
Type: Developer, Investor
Founded in 2003 by Eric Scotto and Patrice Lucas, Perfect Wind emerged as a major player in renewable energies, boasting the construction of their inaugural wind farm with a robust 57 MW capacity in 2004, marking a significant presence in the French market. Their innovative prowess was evident as they introduced agrivoltaics, a groundbreaking concept marrying energy and agricultural transitions, exemplified on Reunion Island. This novel approach not only generates green electricity but also fosters organic farming practices and local expertise, epitomizing their commitment to sustainable innovation. Akuo Energy - Notre Histoire
Akuo Energy prioritizes innovation and progress in its mission to address urgent global challenges like climate change and sustainable food production. Drawing from diverse experiences, they develop tailored solutions that generate significant societal benefits while fostering agility and adaptation across regions and cultures.Our Purpose - Akuo Energy. Their commitment lies in developing technologies tailored to diverse contexts, ensuring their projects have a positive impact while harmonizing with their surroundings.
Akuo Energy prioritizes innovation and progress in its mission to address urgent global challenges like climate change and sustainable food production. Drawing from diverse experiences, they develop tailored solutions that generate significant societal benefits while fostering agility and adaptation across regions and cultures.Our Purpose - Akuo Energy. Their commitment lies in developing technologies tailored to diverse contexts, ensuring their projects have a positive impact while harmonizing with their surroundings.
5
NextEra Energy, Inc.
USA
SolarWindEnergy StorageInfrastructure & Other
Type: Developer, Investor
We're proud to be built and based in America, and we generate more wind and solar energy than any other company in the world. We're among America's largest capital investors in infrastructure, creating thousands of high-paying American jobs through our energy investments.
We believe we’re at an inflection point in the history of our company, our industry and our global economy. We see a pathway to a completely carbon emissions-free power sector by 2045 with a combination of zero carbon resources and short-term and long-term energy storage.
We believe we’re at an inflection point in the history of our company, our industry and our global economy. We see a pathway to a completely carbon emissions-free power sector by 2045 with a combination of zero carbon resources and short-term and long-term energy storage.
6
Abengoa
Founded 1941ESP
SolarWindOther RenewablesEnergy StorageInfrastructure & Other
Type: Developer, Investor
We apply innovative technology solutions for sustainability in the energy and environment sectors.
We generate electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water.
Join the energy of change!
Somos una compañía internacional que aplica soluciones tecnológicas innovadoras para el desarrollo sostenible en los sectores de energía y medioambiente, generando electricidad a partir de recursos renovables, transformando biomasa en biocombustibles o produciendo agua potable a partir del agua de mar.
¡Únete a la energía del cambio!
We generate electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water.
Join the energy of change!
Somos una compañía internacional que aplica soluciones tecnológicas innovadoras para el desarrollo sostenible en los sectores de energía y medioambiente, generando electricidad a partir de recursos renovables, transformando biomasa en biocombustibles o produciendo agua potable a partir del agua de mar.
¡Únete a la energía del cambio!
7
Green Investment Group (GIG) (fka UK Green Investment Bank, Macquarie)
Founded 2012GBR
SolarWindOther RenewablesEnergy StorageInfrastructure & Other
Type: Investor, Lender
Green Investment Group (GIG) operates as a specialist green investor under Macquarie Asset Management, leading the charge in fostering companies, assets, and technologies that drive the global transition towards net zero emissions. Their team of dedicated green investors and developers relentlessly pursue this mission, recognizing the paramount importance of the transition to a sustainable economy. Acting on a global scale, they are actively engaged in over 25 markets, spearheading the development of new green infrastructure worldwide. Collaborating with communities, governments, and strategic partners, they bring a wealth of international expertise and local insights to both established and emerging markets. With a commitment to innovation, they explore and invest in a diverse range of mature and emerging green energy technologies, supporting projects throughout all stages of the lifecycle [Green Investment Group - Our Mission (https://www.greeninvestmentgroup.com/en/who-we-are/our-mission.html).
With a development pipeline exceeding 90 GW and over £26 billion committed or arranged, Macquarie Asset Management's Green Investment Group stands as a formidable force driving the global transition to net zero across 25+ markets. Their approach to project development is marked by flexibility, collaboration with partners, and leveraging their expert in-house asset creation and management team. Additionally, their proficiency in project and portfolio management ensures successful outcomes throughout the entire project lifecycle, from inception to completion and beyond, making them a preferred choice for sustainable development initiatives worldwide Green Investment Group - Development.
With a development pipeline exceeding 90 GW and over £26 billion committed or arranged, Macquarie Asset Management's Green Investment Group stands as a formidable force driving the global transition to net zero across 25+ markets. Their approach to project development is marked by flexibility, collaboration with partners, and leveraging their expert in-house asset creation and management team. Additionally, their proficiency in project and portfolio management ensures successful outcomes throughout the entire project lifecycle, from inception to completion and beyond, making them a preferred choice for sustainable development initiatives worldwide Green Investment Group - Development.
8
Macquarie Capital
Founded 1969AUS
SolarWindOther RenewablesEnergy StorageInfrastructure & Other
Type: Investor, Lender
No description available.
9
Neoen Company
Founded 2008FRA
SolarWindEnergy Storage
Type: Developer, Investor
Neoen stands as a prominent global leader in renewable energy, boasting a diversified portfolio encompassing solar, wind, and storage projects across various continents, including Europe, Africa, and the Americas. With over 5.6 GW of operational and under-construction capacity, Neoen is pioneering innovative solutions to meet the world's growing energy demands sustainably. Notable achievements include the development of France's largest solar farm in Cestas and the establishment of two of the world's largest lithium-ion batteries in Australia: Hornsdale Power Reserve and the Victorian Big Battery. Neoen's ambitious target of surpassing 10 GW capacity by 2025 underscores its commitment to driving the transition towards a cleaner energy future. As a publicly listed company on Euronext Paris, Neoen continues to set benchmarks in renewable energy development, positioning itself at the forefront of the industry's evolution. Neoen - Qui sommes-nous?
Neoen boasts a comprehensive technology mix of solar, wind, and storage solutions. Their innovative approach not only provides green energy to governments and industrial clients but also aids in their decarbonization efforts. With a focus on battery innovation, Neoen is spearheading advancements to address the challenges of the energy transition. Committed to sustainability, they integrate environmental responsibility into their core operations, contributing significantly to the global fight against climate change. By adopting a robust ""Sustainability Framework,"" Neoen aims to further elevate their commitment to ambitious and far-reaching sustainable development initiatives, setting a standard for excellence in the industry Link to Neoen's Sustainability Page.
Neoen boasts a comprehensive technology mix of solar, wind, and storage solutions. Their innovative approach not only provides green energy to governments and industrial clients but also aids in their decarbonization efforts. With a focus on battery innovation, Neoen is spearheading advancements to address the challenges of the energy transition. Committed to sustainability, they integrate environmental responsibility into their core operations, contributing significantly to the global fight against climate change. By adopting a robust ""Sustainability Framework,"" Neoen aims to further elevate their commitment to ambitious and far-reaching sustainable development initiatives, setting a standard for excellence in the industry Link to Neoen's Sustainability Page.
10
Canadian Solar
Founded 2001CAN
SolarEnergy StorageInfrastructure & Other
Type: Developer, Investor
Founded in 2001 in Ontario Canada, Canadian Solar (NASDAQ: CSIQ) is as a global energy provider with successful business subsidiaries in 20 countries & regions on 6 continents. Canadian Solar is both a leading manufacturer of solar PV modules and a provider of solar energy solutions, with over 14,000 employees globally.
With state-of-the-art manufacturing facilities in Canada, China, Brazil and South East Asian countries, Canadian Solar now has module manufacturing capacity and has delivered more than 55 GW of premium quality solar modules to customers in over 150 countries in the past 20 years.
Canadian Solar has solar power projects globally and solar power plants that are in commercial operation, with a resale value of US$1.2 billion. In addition, Canadian Solar has a geographically diversified utility-scale solar power project pipeline around 10 GWp, with projects being developed in the U.S., Japan, Latin America,Australia, EMEA, South East Asia, India and China. Of the total project pipeline, 2.9 GWp of projects are at late-stage development and have secured energy offtake agreements.
In 2018, Canadian Solar achieved a revenue of US$3.74 billion, Meanwhile, Canadian Solar was listed as the Bloomberg New Energy Finance’s Tier 1 Module Manufacturer in terms of bankability for Q4 2018, and was named as Top 3 Global Utility-scale Solar PV Project Developer for 2017 by GTM Research.
Canadian Solar Founder and CEO Dr. Shawn Qu blogs as a LinkedIn Influencer at https://www.linkedin.com/in/shawnqu/.
Canadian Solar is making the difference by delivering more clean, safe and affordable solar energy to the world.
With state-of-the-art manufacturing facilities in Canada, China, Brazil and South East Asian countries, Canadian Solar now has module manufacturing capacity and has delivered more than 55 GW of premium quality solar modules to customers in over 150 countries in the past 20 years.
Canadian Solar has solar power projects globally and solar power plants that are in commercial operation, with a resale value of US$1.2 billion. In addition, Canadian Solar has a geographically diversified utility-scale solar power project pipeline around 10 GWp, with projects being developed in the U.S., Japan, Latin America,Australia, EMEA, South East Asia, India and China. Of the total project pipeline, 2.9 GWp of projects are at late-stage development and have secured energy offtake agreements.
In 2018, Canadian Solar achieved a revenue of US$3.74 billion, Meanwhile, Canadian Solar was listed as the Bloomberg New Energy Finance’s Tier 1 Module Manufacturer in terms of bankability for Q4 2018, and was named as Top 3 Global Utility-scale Solar PV Project Developer for 2017 by GTM Research.
Canadian Solar Founder and CEO Dr. Shawn Qu blogs as a LinkedIn Influencer at https://www.linkedin.com/in/shawnqu/.
Canadian Solar is making the difference by delivering more clean, safe and affordable solar energy to the world.
Identifying and sourcing Investors for your Project
Finding investors or buyers for your energy storage projects can be difficult. Investors are often busy with assessing opportunities in their pre-existing developer network, which may make it harder for less well-known projects to break into the market.
Using a renewable energy asset marketplace like PF Nexus provides a more efficient and transparent way of identifying and securing collaborations between energy storage developers and investors. PF Nexus is used by over 6,300 professionals from >3,000 developers, investors, and lenders, constantly on the lookout for 'the right' renewable energy investment opportunities for them.
How does it work? Registering your account and submitting your project takes just 5 minutes. From there, you can receive introductions from interested partners directly to your inbox, eliminating the need for manual outreach and ensuring you connect with the highest calibre, most engaged investors for your deal.
To gain a competitive advantage for your renewable energy portfolio, get started with PF Nexus right now (takes 3 minutes).