ARTICLE

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

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


Views expressed in this blog are those of the individual author and do not represent the views of Energize Capital LLC (“Energize”) or its affiliates. The content of this blog and any referenced materials should not be construed or relied upon as investment, legal, tax, or other advice. Consult your own professional advisers on such matters. Any opinions, estimates, predictions, forecasts, or targets expressed are subject to change without notice, may differ from those of others, are for informational purposes only, and should not be relied upon for making investment decisions. Information from third-party sources, including portfolio companies of Energize Funds, is believed to be reliable but has not been independently verified by Energize, which makes no representations about its accuracy or appropriateness.

This blog is not directed to any investors or prospective investors. No content in this blog should be construed as an offer or solicitation to buy or sell any security, including interests in any investment fund managed by Energize (an “Energize Fund”) or any portfolio company of an Energize Fund. The blog content and views expressed are not intended as, and are not, an offer to provide investment advice.

Offers of interests in Energize Funds will be made separately and only by means of the confidential offering documents of each vehicle, provided only to qualified investors who meet the necessary qualifications under federal securities laws and whom Energize believes can evaluate the merits and risks of prospective investments.

Any investment in an Energize Fund or securities of any referenced company involves significant risk, including the potential loss of the entire investment. Mentioned investments or portfolio companies are not representative of all Energize Funds' investments. There is no assurance that any investments will be profitable or that future investments will have similar characteristics or results. Past performance of Energize and its Funds is not indicative of future results.