Energy Storage System Market

Company Headquarters: Mississauga, Canada Founded: 1995 Workforce: ~183 Company Working: Hydrogenics is one of the global leaders in designing, manufacturing, building, and installing industrial and commercial hydrogen generation, hydrogen fuel cells, and MW-scale energy storage solutions. It provides its expert solutions and products for a wide range of applications including industrial processes, fueling stations, commercial fleets, utility vehicles, electric lift trucks, and critical power and UPS systems. The company operates through two business segments, which are onsite generation and power systems. Energy storage products are provided under its power systems segment. It has manufacturing facilities in Germany, Belgium, and the US. Additionally, the company also has sales and corporate offices across the globe.

Company Headquarters: Seoul, South Korea Founded: 1947 Workforce: ~18,000 Company Working: LG Chem is a multinational chemical company that manufactures and sells chemical materials and other related solutions, such as resins, carbon products, industrial batteries, process materials, and capacitors. It is a key subsidiary of LG Corporation, a South Korean multinational conglomerate. The company operates through five business segments, which are basic materials & chemicals, energy solutions, IT & electronics materials, advanced materials, and life sciences. Energy storage systems and devices are offered under its energy solutions segment. Additionally, LG Chem has 21 subsidiaries including LG Chem Power, Inc., LG Chemical America, Inc., LG Corporation Chem (Guangzhou), Information & Electronic Materials Co., Ltd, LG India Holdings Inc., LG Chem Wroclaw Energy sp. z o.o., and LG Chem Europe Gmbh. It has 21 manufacturing sites, five representative offices, and four research and development centers across 16 countries, worldwide. The company’s key manufacturing plants are located in China, Taiwan, the US, South Korea, Poland, India, and Vietnam.

Company Headquarters: Heidenheim, Germany Founded: 1867 Workforce: ~19,000 Company Working: Voith GmbH & Co. KGaA is a leading company with a broad portfolio of systems, products, services, and digital solutions. It had set standards in the energy, oil & gas, paper, raw materials, transport, and automotive industries. The company also manufactures hydropower turbines, generators, and drive components, which are used in applications such as industrial plants, road and rail vehicles, and waters. It operates through four segments, which are hydro, paper, turbo, and digital ventures. The company offers energy storage system products under its hydro and turbo segments. It provides its advanced products and solutions for end-use industries such as cement, chemicals & petrochemicals, commercial vehicles & automotive, construction, marine, mechanical engineering, mining, oil & gas, thermal power plants, rail vehicles, and steel. Voith GmbH & Co. KGaA has operations in more than 60 countries, across the globe. Ray Sono AG, Voith Turbo GmbH & Co. KG, Voith Hydro Holding GmbH & Co. KG, Voith Industrial Services AS, and Voith Industrial Services Holding GmbH are some of its subsidiaries

Company Headquarters: Virginia, US Founded: 1981 Workforce: ~9,000 Company Working: The AES Corporation is a leading company with a diverse portfolio of distribution businesses and thermal and renewable generation facilities. It primarily focuses on providing energy solutions that enhances various technologies that are based on coal, diesel, gas, oil, coke petroleum, and renewables. The company’s products have applications in hospitals, homes, schools, and commercial facilities. It provides safe, reliable, and sustainable energy storage solutions. The company specializes in developing and operating energy generation individual solar PV projects and solar PV projects that are combined with energy storage project systems. It operates in the UK, Argentina, Pakistan, China, Hungary, and Brazil.

Company Headquarters: US Founded: 2003 Workforce: ~33,000 Company Working: Tesla Inc. is one of the leading automotive manufacturers that designs, develops, manufactures, and sells fully electric high-performance vehicles. It operates through two segments, which are automotive and energy generation and storage service and others. The automotive and energy generation segment comprises premium electric sedans, such as the Model S sedans and Model X sport utility vehicles. Additionally, the company distributes its all-electric premium sedans, globally. The energy generation and storage service business segment offers superchargers and charging stations. Apart from this, the company leverages its technical expertise in power electronics, batteries, and integrated systems to manufacture and sell energy storage products. Tesla, Inc. manufactures all its automobiles in Fremont, California, the US, where the vast majority of the vehicle components are made. The company offers an exclusive set of energy solutions, power walls, power packs, and solar roofs for enabling homeowners, businesses, and utilities to manage renewable energy generation, storage, and consumption. Furthermore, it offers electric vehicle powertrain components and systems and services for electric vehicles to other manufacturers.

Company Headquarters: Switzerland Founded: 1834 Workforce: ~15,000 Company Working: Sulzer Ltd specializes in offering pumping solutions and services for different industrial applications. Its product portfolio includes agitators, dynamic mixers, tower management systems, compressors and aeration, cartridge systems and applicators, process plants, medium consistency products, pumps, control and monitoring equipment, lifting stations, pump and lifting station accessories, separation technology, static mixers, submersible mixers, lube oil, and solids reduction, separation and removal systems. Its service portfolio includes rotating equipment services, static equipment services, process services, services for beauty products, spare parts, technical services for adhesives and dental applications, testing, training, services for water, wastewater and dewatering products, and service centers for rotating equipment. The company owns more than 180 production and service sites and offers services in nearly 40 countries, across the globe. Its research and development expenses include USD 72.5 million and USD 82.3 million for the year 2016 and 2017, respectively. Some of its subsidiaries are Ensival Moret (EM), GEKA GmbH, Vessel Internal Electrostatic Coalescer (VIEC), Rotec GT, and Transcodent.