Guidehouse Insights Names Centrica Business Solutions, AutoGrid Systems, and Generac Grid Services the Leading Virtual Power Plant Vendors
Leading providers demonstrated exceptional software platform development, robust portfolios in diverse markets, and a sustainable business model
A new report from Guidehouse Insights examines the most forward thinking and innovative companies in the virtual power plant (VPP) platform market.
Energy markets are evolving toward a greater reliance on distributed energy resources (DER) that generate, consume, or store electricity creating a two-way power flow dynamic. A platform to manage this increasing two-way complexity is a VPP—the concept that intelligent aggregation and optimization of DER can provide the same essential services as a traditional 24/7 centralized power plant. According to a Leaderboard report from Guidehouse Insights, Centrica Business Solutions, AutoGrid Systems, and Generac Grid Services are the leading VPP platform vendors.
“VPPs can transform passive consumers into more active prosumers through the integration of new technologies such as demand response, solar PV systems, energy storage, and EVs,” says Dan Power, research analyst with Guidehouse Insights. “Prosumers become active participants in grid operations, delivering the energy services they need but when called on, can also serve the needs of the larger grid.”
These leaders have clearly differentiated themselves from the competition through exceptional software platform development, robust portfolios in diverse markets, and a sustainable business model. Companies that trail the leaders, while positioned for long-term success, may have not fully executed their product launches, need to differentiate themselves via a unique VPP (or DERMS) offering technology, or demonstrate wider market success in new market segments or geographies, according to the report.
The report, Guidehouse Insights Leaderboard: Virtual Power Plant Platform Vendors, examines the Strategy and Execution of 16 VPP platform vendors whose platforms can create mixed-asset VPPs. These providers are rated on the following criteria: vision; go-to-market strategy; partners/acquisitions/investors; DERMS integration strategy; technology scope; geographic reach; sales, marketing, and distribution; platform performance; value chain capture; project portfolio; business model; and staying power. Using Guidehouse Insights’ proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing an objective assessment of their relative strengths and weaknesses in the global VPP platform market.
Combined with the recently published Guidehouse Insights Leaderboard: DERMS Vendors, this report gives a peek into the future of grid-edge management landscape. An executive summary of the report is available for free download on the Guidehouse Insights website.
*The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Virtual Power Plant Platform Vendors, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.