Umair Gaines
The electrical grid is undergoing significant transformations due to changes in policy, market conditions, and technological advancements, with a focus on renewable energy sources and smart grid technology. This has led to the emergence of companies specializing in modernizing and enhancing electrical grid infrastructure. These companies are addressing the challenges of the aging power grid and the need to integrate renewable energy sources. Some notable companies in this space include Itron, NV5 Global, Quanta Services, GE, IBM, and ABB, each contributing to the development of smart grids and the integration of renewable energy. The electrical grid industry is experiencing a boom, with investments and infrastructure spending on the rise, making it an attractive sector for investors.
| Characteristics | Values |
|---|---|
| Companies supporting electrical grid infrastructure | Itron, NV5 Global, Quanta Services, NextEra Energy Inc., PG&E Corporation, The Southern Company, Edison International, Consolidated Edison Inc., GE, IBM, Schneider Electric, ABB, Hitachi, Tahoe Energy, SparkMeter, VEIR Inc., Rhizome, One Energetics, Respire Energy |
| Companies with smart grid technology | Itron, GE, IBM, Schneider Electric, ABB, Hitachi, SparkMeter |
| Companies with smart meters | Itron, SparkMeter |
| Companies with smart appliances | GE |
| Companies with smart substations | GE |
| Companies with synchro phasors | GE |
| Companies with smart distribution boards | Itron |
| Companies with smart circuit breakers | Itron |
| Companies with load control switches | Itron |
| Companies with renewable energy resources | Itron, GE, Tahoe Energy, Respire Energy |
| Companies with energy storage systems | Hitachi, Tahoe Energy, Respire Energy |
| Companies with grid management solutions | Itron, Hitachi |
| Companies with grid resilience solutions | VEIR, Rhizome |
| Companies with grid automation | Hitachi |
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What You'll Learn
Smart grid companies
Smart grids are a 21st-century upgrade to the traditional electrical grid, allowing two-way flows of electricity and information to improve the delivery network. Smart grids can reduce equipment failure by employing technology that analyses consumption trends to manage loads, and they can also regulate electrical transmissions to reduce electrical wastage during distribution.
Smart grids are becoming increasingly important as the demand for renewable energy sources increases. The current energy grid structure does not support new renewable technologies, and smart grids can help to integrate these into the grid.
There are several companies that are making significant contributions to the development and uptake of smart grids. Here are some examples:
- Itron (ITRI): Itron is an energy and water company that forecasts 80% of electricity in North America. It offers a range of products and services, including smart meters and analytics software, to help utilities and cities manage energy and water more efficiently.
- NV5 Global (NVEE): NV5 Global is an engineering consultant company that provides expertise to a wide range of customers in the public and private sectors. They have secured contracts to help modernize the electrical grid, including a three-year contract worth over $100 million with an unnamed national utility.
- Quanta Services (PWR): Quanta Services helps utilities update their electrical grids by building electricity transmission towers and providing related engineering services.
- Siemens AG: Siemens AG is a company that contributes to smart grid development and uptake.
- IBM: IBM is a multinational technology company with a presence in over 175 countries that supports smart grid uptake and development.
- Cisco: Cisco's software platform, Connected Grid Network Management System, supports utilities in transforming their operations for the smart grid with unified network management.
- Stem: Stem is a company founded in 2009 that leads the field of AI-driven energy storage. Its software platform, Athena, empowers customers to deploy and unlock the clean energy assets at scale.
- S&C: Founded in 1909, S&C specializes in the switching, protection, and control of electric power systems, providing essential solutions for the electrical grid.
- Edgegrid: Edgegrid is an Indian smart grid startup that delivers clean energy using its digitally connected energy network. Its platform connects sellers with buyers of energy services, allowing organizations to take control of their consumption, supply, and impact on the climate.
These companies are at the forefront of smart grid technology, which is vital to delivering energy resources efficiently and effectively, especially with the increasing demand for renewable energy.
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Energy infrastructure stocks
Energy infrastructure companies are present across the utility and energy sectors. They include firms that own critical assets in the production, movement, and storage of energy products. These critical assets can include pipelines, storage tanks, coal warehouses, barges, processing equipment, and generation assets like electrical plants and transmission lines.
Some examples of energy infrastructure stocks are:
Itron (ITRI): Itron serves over 8,000 customers (utilities and cities) in more than 100 countries. It offers smart meters and analytics software to help utilities integrate smart devices and software to achieve greater efficiency and improve resilience.
NV5 Global (NVEE): NV5 Global provides engineering expertise to a wide range of customers in the public and private sectors. The company has secured contracts to update the electrical grid in California and provide engineering and design services for power distribution, transmission, and substation infrastructure.
Quanta Services (PWR): Quanta Services helps utilities update their electrical grids by building electricity transmission towers and providing related engineering services like line design and foundation design.
Other companies that support electrical grid infrastructure include:
- Williams Companies, a midstream energy company that owns and operates large pipeline systems and associated natural gas assets.
- BP, ExxonMobil, Royal Dutch Shell, and China Shenhua Energy, which are companies that produce or refine oil and gas.
- Equinor, a Norway-based integrated oil and gas company with operations in offshore wind, solar, oil refineries, and natural gas processing.
- SLB (Schlumberger), the world's premier oilfield-services company, focusing on innovation and new energy businesses.
- Hess, an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia.
Additionally, Carbon Collective's Climate Index lists 150+ green stocks that are building climate solutions, including those focused on expanding renewable energy sources and improving energy infrastructure efficiency.
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Companies modernising the energy landscape
The electrical grid is undergoing significant transformations due to changes in policy, market conditions, and technological advancements. The transition from carbon-based fuels to renewable energy sources is driving the need for modernisation and expansion of the power grid. This has led to the emergence of companies that are playing a pivotal role in reshaping and modernising the energy landscape.
One notable company is GE, which offers a range of products and technologies that optimise efficiency, reliability, and security. GE's solutions enable the integration of renewable energy sources, such as wind, solar, and biomass, into the smart grid. By modernising the power grid, GE addresses the challenges of delivering power from renewable sources.
Itron is another company making significant contributions to the energy landscape. Itron provides smart metering infrastructure and analytics software, helping utilities integrate smart devices and improve efficiency and resilience. Itron's solutions have led to reductions in customer interruptions and the impact of storms, showcasing their effectiveness in grid management.
NV5 Global, also known as NVEE, is an engineering consultant providing expertise to a diverse range of customers in the public and private sectors. NV5 Global has secured contracts to update the grid in California and improve power distribution, transmission, and substation infrastructure. The company's ability to offer a wide range of services, including engineering, surveying, and geospatial mapping, makes it a key player in modernising electrical grids.
Quanta Services and Hitachi are also actively involved in updating electrical grids. Quanta Services specialises in building electricity transmission towers and providing related engineering services, while Hitachi offers a range of solutions, including grid automation, energy storage systems, and renewable energy integration, leveraging IoT and AI technologies for real-time monitoring and predictive maintenance.
These companies, along with others like IBM, Cisco, and VEIR, are at the forefront of transforming the energy landscape, making it smarter, more efficient, and more resilient to meet the evolving demands and challenges of the modern world.
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Companies expanding the power grid
The electrical grid is undergoing significant transformations due to changes in policy, market conditions, and technological advancements, with a focus on improving efficiency, resilience, and reliability. Several companies are playing a crucial role in expanding and modernizing the power grid to meet current and future demands.
Itron (ITRI) is a leading company in the smart grid space, offering a range of products and services, including smart meters and analytics software. Itron helps utilities integrate smart devices and software, improve efficiency, and enhance resilience. The company serves over 8,000 customers in more than 100 countries and has achieved notable successes, such as a significant reduction in customer interruptions for ComEd, the largest electric utility in Illinois.
NV5 Global (NVEE) is an engineering consultant providing expertise to a diverse range of customers in the public and private sectors. NV5 has secured contracts to update the grid in California and provide engineering and design services for power distribution, transmission, and substation infrastructure. The company's ability to offer a wide range of services, including surveying and geospatial mapping, positions it as a key contributor to grid modernization efforts.
Quanta Services (PWR) is another company helping utilities update their electrical grids. They are efficient builders of electricity transmission towers and provide related engineering services, such as line design and foundation design.
GE is a significant player in reshaping and modernizing the energy landscape. GE's products range from generation to transmission and end use, optimizing efficiency, reliability, and security. The company enables the integration of renewable energy sources, such as wind, solar, and biomass, into the smart grid, addressing the challenges of delivering power from these sources.
IBM holds a prominent position in the smart grid market, present in over 175 countries. IBM supports smart grid uptake and development through solutions like the Maximo Application Suite, which utilizes AI, IoT, and analytics to optimize performance, extend asset lifecycles, and reduce operational costs.
Other notable companies contributing to the expansion and improvement of the power grid include Tahoe Energy, developing a cost-effective grid-scale energy storage system; VEIR, Inc., working on the next generation of superconducting electric transmission lines to increase transfer capacity; SparkMeter, creating smart metering platforms for electricity systems in developing countries; and Rhizome, offering climate resilience software to help utilities identify and address vulnerabilities on the grid from extreme weather threats.
These companies are at the forefront of driving innovation and ensuring the power grid can meet the evolving demands of a digitised, greener, and more efficient future.
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Companies with smart metering platforms
Smart metering systems, or intelligent electric meters, are revolutionizing the way water, gas, and electricity consumption is tracked. These systems are in demand worldwide as they promote transparency by delivering consumption data to customers and utility companies. The global market for smart electric meters is projected to be valued at USD 36 billion by 2028, registering an 8.1% CAGR over the 2021-2028 period.
Itron
Itron is a prominent player in the smart meter space, focusing on innovative solutions for energy and water resource management. In 2024, the company reported robust financial growth with a 22% increase in revenue for Q1, reaching $603 million. Itron serves more than 8,000 customers (utilities and cities) in over 100 countries and offers a range of products and services, including smart meters and analytics software. The company's grid management solutions help utilities integrate smart devices and software to improve efficiency and resilience.
Honeywell International Inc.
Honeywell International Inc. provides advanced metering solutions for utilities, with a focus on residential, commercial, and industrial applications. Their portfolio includes meters with remote monitoring capabilities and leak detection. In 2020, Honeywell integrated the Verizon LTE Management Connectivity platform into smart meters and other edge devices to design next-generation smart grids. The company has also expanded its Honeywell Forge IoT platform, integrating AI capabilities to manage over 100 million connected assets.
ABB
ABB is a global company headquartered in Zurich, Switzerland, with a significant presence in Europe and North America. The company introduced its M1M range of smart meters in India, featuring advanced power quality analysis and integration with the ABB Ability™ Energy and Asset Manager platform for improved monitoring. ABB's acquisition of Eve Systems has strengthened its position in the smart meter market and underscores its commitment to energy efficiency and sustainability.
Sagemcom
Sagemcom is a leading provider of smart meters and innovative automated metering infrastructure (AMI) solutions for energy and water. In 2024, Sagemcom introduced the ANSI Advanced Meter platform, integrating edge intelligence with artificial intelligence (AI) to provide advanced energy management capabilities. The company is also involved in significant deployments, such as supplying LTE-enabled smart meters to Enexis in the Netherlands, enhancing communication and security features for better energy management.
Other Notable Companies
- Green Metering: Provides smart meters that measure real-time electricity usage for accurate grid and household monitoring, with features like fast power outage detection and cost monitoring to optimize electricity consumption.
- BRICK4U: Offers an IoT device that collects comprehensive measurement and condition data from utility meters, enabling seamless digital integration and providing data insights for informed decision-making.
- Harim Analytics: Develops battery-operated sensors for monitoring water, electricity, and gas consumption. Their smart meters use long-range radio frequency signals to transmit data wirelessly to a central hub.
- Ostrom: Provides smart energy platforms with dynamic pricing through smart metering, allowing users to adjust energy consumption based on hourly market rates for optimal savings. The Ostrom app supports real-time meter readings, payment management, and customer service.
- Exelon: The largest electricity parent company in the U.S. in terms of revenue, with more than 10 million customers worldwide. Exelon has deployed more than 8.8 million smart power meters and 1.3 million smart gas meters as part of its 2050 Net-Zero Emission Target.
- ALLETE: One of the biggest names in the global energy and power space, offering reliable and affordable energy services in the Upper Midwest. ALLETE successfully upgraded its smart meter data management and customer participation platform in 2021.
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