The Energy Storage market is still a young market in which many companies are starting and growing very fast. But from its beginnings until today, there are companies that have made a difference with respect to their competitors. Baker Tilly wanted to analyse what these companies are.
But before we look at the leading companies in the sector, let's explain what Energy Storage is. Energy Storage comprises mankind's methods of conserving, as far as possible, a certain amount of energy in any form for use when required, concentrating and releasing energy that can be consumed during or after the storage process.
It is an American firm that designs and installs commercial Energy Storage systems.
Founded in 2009, the energy storage company was acquired by Engie in May 2016.Specifically, the French company acquired an 80% stake in Green Charge Networks.
Green Charge Networks currently represents 12% of the Energy Storage market.
On the other hand, Vycon, BASF, EQT and Solvay have the leading position in the sector. These three companies, with vYcon at the forefront of growth, together account for around 19%. Together with Green Charge Networks, they thus account for almost half of the market.
In conclusion, it is worth highlighting the importance of these 5 companies, but without forgetting that, as it is still a sector in great growth, they can push new companies up the market and represent a certain threat to the leaders of the Energy Stage.