The Power Technology Excellence Awards Winners have been announced! To see the full list you can download the full 50+ page report from the following link:
Go deeper with GlobalData
The Excellence Awards celebrate the greatest achievements and innovations in the industry. The programme provides a platform to recognize the people and companies that are driving change.
Our program is designed to highlight excellence within the sector by looking at a range of corporate activities including deals, business projects and company initiatives, both internal and in the community.
Featured Winners
ETAP offers industry-leading software solutions for electrical systems, encompassing design, engineering, operations, and maintenance. It is also a Category Award Winner for Environmental, Innovation, and Research & Development (R&D).
Schneider Electric is an energy management and automation company that develops related technologies and solutions for electricity distribution and a Category Award Winner for Diversity.
Hover Energy is a leader in renewable energy innovation, specializing in microgrid integration and hybrid energy solutions and a Category Award Winner for Research & Development, Innovation, and Business Expansion.
vHive is a global leader in end-to-end digitization solutions and a Category Award Winner for Innovation.
Fluence Energy delivers advanced energy storage solutions and digital applications for renewables and storage. It is also a Category Award Winner for Business Expansion and Product Launches.
First Solar is a provider of solar photovoltaic (PV) systems and also a Category Award Winner for Environmental.
Exodigo is a leading underground mapping solution provider for non-intrusive discovery and a Category Award Winner for Innovation, Research and Development (R&D) and Safety.
Key Trends and Themes
Our research for the 2024 Power Industry Excellence Awards winners reveals several key trends and themes that suggest a future characterised by innovation, sustainability, and strategic adaptation to global energy challenges.
The industry’s focus on expanding market presence through digital optimisation and green technology signals a shift towards integrating advanced technologies to enhance operational efficiency and competitiveness. This trend highlights the increasing importance of digital transformation in driving growth and adapting to changing market dynamics.
Efforts to promote diversity and inclusion within organisations reflect a growing recognition of the value that diverse
perspectives bring to innovation and problem-solving. This direction suggests that the industry is moving towards more equitable and inclusive workplaces, which are essential for fostering creativity and meeting societal expectations for corporate responsibility.
Environmental sustainability remains a central theme, with significant advancements in renewable energy technologies and decarbonisation efforts. This indicates a strong commitment to reducing carbon footprints and aligning with global sustainability goals. The emphasis on green financing further underscores the industry’s dedication to supporting large-scale renewable projects, demonstrating investor confidence in sustainable energy initiatives.
Technological innovation, particularly in grid software and energy storage, is driving the modernisation of energy infrastructure. This trend points to a future where digital technologies play a crucial role in managing the complexity of energy systems and ensuring grid reliability. Strategic investments in renewable energy capacity also highlight the industry’s focus on expanding clean energy portfolios to support the energy transition.
The strategic acquisitions observed among the winners illustrate a concerted effort to enhance clean energy capabilities and position companies for long-term growth. This direction suggests that the industry is consolidating resources and expertise to scale up renewable energy offerings and accelerate the transition to a low-carbon economy.
Rebranding efforts reflect a strategic shift towards comprehensive decarbonisation solutions, indicating that companies are aligning their brand identities with sustainability goals. This trend highlights the importance of communicating a commitment to the energy transition and reinforcing leadership in the clean energy sector.
Product launches in AI-enabled robotics and grid-scale storage demonstrate the industry’s focus on leveraging innovation to address energy transition challenges.
These advancements indicate a direction towards enhancing the efficiency and safety of energy infrastructure, which is critical for supporting the growing demand for renewable energy.
Research and development efforts continue to drive progress in energy efficiency and decarbonisation, with significant advancements in areas like semiconductor innovation and fusion technology. This trend suggests that the industry is investing in cutting-edge research to develop new solutions for sustainable energy production.
Safety innovations highlight the importance of technology in maintaining the reliability and security of power infrastructure. This direction indicates a focus on ensuring safe operations and minimising risks associated with energy systems.
Overall, the trends observed from this year’s research indicate a collective effort to navigate the energy transition and build a more resilient, inclusive, and sustainable energy system. Congratulations to all our Winners!
Awards Report
Our Awards Report contains:
- Introduction and Themes
- All Excellence and Category Winners
- Featured Winner Profiles
- Country Winner Breakdown
You can download the full 50+ page report from the following link:
