Report: Princeton Power tops the microgrid control market
A new Leaderboard Report from Navigant Research examines the strategy and execution of 15 leading project developers/integrators of microgrid controls platforms, including vendor profiles and rankings, providing an objective assessment of these companies’ relative strengths and weaknesses in the market.
This new Leaderboard Report placed Princeton Power Systems as a leader in the microgrid controls market, dominating in strategy and execution. Out of 15 leading project developers/integrators of microgrid controls platforms Princeton ranks in the top three.
So who is Princeton Power Systems? The company’s Intellectual Property straddles energy storage and battery technology. They work with OEMs, utilities, solar manufacturers, federal, state and local governments. They both white label their technology to leading automotive OEMs and offer it directly. Their solutions can be found not only in today’s model microgrids, but also in major national landmarks on private island getaways, in Haiti, the Caribbean and energy-poor Africa.
“Companies both large and small are finding opportunities in the broad microgrid space, but the key determination in the controls developers/integrators market is the approach to optimizing a microgrid,” says Peter Asmus, principal research analyst with Navigant Research. “While competition is still wide open, the 15 companies included in this report all have a stake in how the market responds to technologies that allow disparate distributed energy resources to work together as a system, whether the microgrid is connected to a utility grid or is functioning in island mode.”
Of the 15 companies profiled in this Leaderboard Report, three emerged as market Leaders and the other 12 followed closely as Contenders, demonstrating that no single company dominates the microgrid market. Competition among vendors is close, according to the report, as all 15 vendors profiled fell within 20 points of one another.
The report, Navigant Research Leaderboard Report: Microgrid Controls, examines the strategy and execution of 15 project developers/ integrators with microgrid controls platforms and rates them on 12 criteria. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled and ranked with the goal of providing industry participants an objective assessment of these companies’ relative strengths and weaknesses in the global microgrid controls market. All of the companies rated are positioned to emerge as market leaders, as no single company dominates this market. An Executive Summary of the report is available for free download on the Navigant Research website.
