Top 10 Energy Storage Investors in North America
26 Jun 2024
PF Nexus highlights the top 10 Energy Storage Investors in North America
Welcome to PF Nexus’s guide on the top energy storage investors in North America. In this article, we highlight the key players driving the energy transition through innovative storage solutions.
North America is at the forefront of a global energy transformation, leveraging its vast renewable resources to power a sustainable future. With a remarkable 2,460 gigawatts of renewable energy installed by 2023, the region is rapidly outpacing conventional sources. This progress is fueled by growing consumer demand, technological advancements, and a strong commitment to combating climate change. The United States and Canada lead this charge, setting ambitious targets to transition their power grids toward clean energy. As renewable energy projects flourish, North America is positioning itself as a leader in the fight against carbon emissions. Multiple pathways to achieve an 80% reduction in power-sector emissions by 2050 highlight the region's potential to enhance energy security, economic growth, and environmental stewardship through cooperation and innovation.
Energy storage technologies are crucial for maximizing the potential of renewable energy, enabling these sources to contribute a larger share of the grid's overall capacity. Battery Energy Storage Systems (BESS) are highly versatile, supporting utility-scale grid operations and behind-the-meter commercial and industrial applications. Additionally, technologies like thermal storage and flow batteries are emerging as viable options for longer-duration storage, expanding the landscape of energy storage solutions.
As renewable energy and storage technologies continue to advance, their synergies will become increasingly important. Developers of energy storage projects are pivotal in building a resilient, flexible, and sustainable electricity system powered by renewable energy.
Renewable energy projects often involve high upfront capital costs (Capex) but low ongoing operating costs (Opex). Thus, significant investment from knowledgeable investors is essential to manage risks and maximize long-term returns. These investors are vital in driving the global transition to clean power by providing the capital needed to develop and scale renewable energy projects worldwide.
As renewable energy becomes more cost-competitive and government support grows, the pool of investors is expected to expand rapidly. Capital market instruments like green bonds are opening new avenues for funding renewable projects. By committing capital to renewable energy, investors can enhance portfolio resilience, generate cash yields, and contribute to combating climate change. However, navigating the evolving renewable energy landscape requires a tolerance for disruption and a long-term outlook.
Stay tuned as we delve into the top 10 energy storage investors in North America, showcasing the companies leading the charge in sustainable energy investment.
Top 10 Energy Storage Investors in North America
View the full listNextEra Energy Partners LP
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.
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.
Enel Green Power S.p.A. (EGP)
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
Akuo Energy
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.
NextEra Energy, Inc.
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.
Abengoa
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!
Green Investment Group (GIG) (fka UK Green Investment Bank, Macquarie)
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.
Macquarie Capital
Neoen Company
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.
Canadian Solar
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).