Through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, 143 energy storage software companies have been identified.
According to the heat map, high startup activity in energy storage is observed in the US, followed by Western Europe and India. These countries are home to companies that develop various energy storage software solutions, including battery storage software, energy storage control software, energy storage modeling software, and renewable energy software solutions.
Energy storage analytics refers to the use of big data and machine learning to extract insights in real-time from energy storage systems. Energsoft, a US-based startup, is developing a cloud-hosted AI platform to address the challenges of data collection, stitching, and analysis for sustainable batteries.
Energy storage management systems are systems that increase the value of energy storage by forecasting thermal capacities within electricity grids, batteries, and renewable energy plants. They provide real-time data and information and help relieve transmission and distribution network congestion, maintaining Volt-Ampere Reactive (VAR) control.
Anyone that consumes, manages, or distributes energy directly benefits from the flexibility that energy storage delivers - whether that’s the flexibility to buy energy at the cheapest times, to use more renewable energy, to sell energy at the best price, or to switch to backup power during a grid outage.
Tesla has been growing its energy storage business in recent years. Established as a key player in the electric automotive industry, it has diversified its offerings to include battery storage — now one of its strongest offerings. Tesla Energy’s energy storage business has never been better.