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Electrify Everything 2024: The Top 30 Software Innovators

Announcing Energize's Picks for the Electrify Everything Top 30 Software Innovators of 2024

by:
Tyler Lancaster
July 18, 2024

We are proud to announce our third annual list of Electrify Everything Top 30 Software Innovators. These companies represent the vanguard of electrification technologies, each contributing to a connected, productive, and efficient electrification landscape and laying the foundation for a more sustainable and resilient global economy. This list is comprised of private, asset-light companies that we perceive as both presenting a clear greenhouse gas (GHG) reduction impact via “Electrifying Everything” while indicating enterprise value potential based on our internal analysis.

In tandem with this announcement, we are excited to release our Electrify Everything 2024 Deep Dive Report, an in-depth analysis of the factors and opportunities within electrification today. This year’s research uncovered five major themes in electrification for 2024:

  1. The evolution of the grid demands a modern energy tech stack
  2. Virtual power plants (VPPs) are on the rise
  3. Battery storage is outpacing expectations
  4. The race to power AI is on
  5. Better O&M software is needed to address maturing renewables infrastructure

To learn more about these themes, visit our introductory blog or read the Electrify Everything 2024 Deep Dive Report.


Selection Criteria

Per our selection criteria, each company in the list should have the following characteristics:

  • Nominee is a private company that has not announced intent to IPO or SPAC
  • Nominee has a software or asset-light business model. This does not include pureplay manufacturers, novel chemical or material processors, etc., but does include firms that have developed a novel software or digital architecture to scale a non-SaaS business model
  • A significant portion of the nominee's revenue comes from “Electrifying Everything”-specific use cases
  • Nominee has a clear GHG (greenhouse gas) reduction impact via “Electrifying Everything”
  • Nominee exhibits potential to increase enterprise value over time, based on Energize analysis
  • Starting 2025: Nominee has not achieved Energize Top 30 recognition for three cumulative years. Triple recipients will instead graduate to an “Energize Emeritus” category

2024 Top 30 Software Innovators in Electrifying Everything

Bold indicates 2024 New Entrant; *Asterisk indicates Energize Portfolio Company

Solar

Wind

Battery Storage

EV Charging

Transmission

Building Electrification & Efficiency

Demand Flexibility

Other/General


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