Distributed Generation refers to the production of electricity at or near the point of consumption, rather than relying on large centralized power plants. The market for distributed generation is driven by increasing energy demand, rising concerns over carbon emissions and climate change, and government incentives and policies that promote the adoption of renewable energy sources. The market is further driven by advances in technology, such as battery storage and smart grid solutions that enable greater efficiency and reliability in distributed generation systems. However, the high initial cost of installation and maintenance can be a barrier to market growth. The COVID-19 pandemic has also had an impact on the market, with disruptions in supply chains and delays in project development and financing.
Market Players in the Distributed Generation Industry:
1. Siemens AG
Siemens AG is a German multinational conglomerate founded in 1847 and headquartered in Munich. The company operates in over 200 countries and is focused on electrification, automation, and digitalization. Siemens offers a range of products and solutions for distributed generation, including gas turbines, wind turbines, and photovoltaic systems. In January, 2023 Siemens and Skyway collaborate to develop infrastructure to pave way for Vertiports.
2. General Electric (GE)
General Electric (GE) is an American multinational conglomerate founded in 1892 and headquartered in Boston, Massachusetts. The company operates in over 180 countries and is focused on aviation, healthcare, and power. GE offers a range of distributed generation products and solutions, including gas engines, microgrids, and renewable energy systems. In March 2021, GE Healthcare announced the launch of the new AI-enabled ultrasound system, the LOGIQ E10 Series.
3. Schneider Electric SE
Schneider Electric SE is a French multinational corporation founded in 1836 and headquartered in Rueil-Malmaison. The company operates in over 100 countries and specializes in energy management and automation solutions. Schneider Electric offers a range of distributed generation solutions, including solar inverters, battery storage systems, and microgrids.
4. Mitsubishi Motors Corporation
Mitsubishi Motors Corporation is a Japanese multinational automotive manufacturer founded in 1970 and headquartered in Tokyo. The company operates in over 160 countries and is focused on the development of electric and hybrid vehicles. Mitsubishi offers a range of distributed generation solutions, including hybrid generators and microturbines. In December, 2022 Mitsubishi Motors Corporation announced that it had passed the milestone of exporting five million vehicles from Thailand.
5. Capstone
Capstone is an American manufacturer of microturbine systems founded in 1988 and headquartered in Van Nuys, California. The company operates in over 80 countries and specializes in providing clean and efficient energy solutions for various applications, including natural gas, biogas, and hydrogen.
6. Activ Solar GmbH
Activ Solar GmbH is a European solar energy company founded in 2009 and headquartered in Vienna, Austria. The company operates in over 20 countries and specializes in the development and construction of solar power plants.
7. Ballard Power Systems Inc.
Ballard Power Systems Inc. is a Canadian manufacturer of fuel cell products founded in 1979 and headquartered in Burnaby, British Columbia. The company operates in over 20 countries and is focused on providing clean energy solutions for transportation and stationary power applications.
8. Fortis Wind Energy
Fortis Wind Energy is a Dutch renewable energy company founded in 2007 and headquartered in Groningen. The company operates in over 15 countries and specializes in the development and construction of wind power projects.
9. GE Power & Water
GE Power & Water is a subsidiary of General Electric founded in 2015 and headquartered in Schenectady, New York. The company offers a range of distributed generation solutions, including gas engines, microgrids, and renewable energy systems. In March, 2023 GE announces today that it has been selected by Ecogreen Energy to deliver its FLEXINVERTER Solar Power Station technology for the 130 MWp, 100 MWac Nigde Bor Solar power plant to be built in Nigde, Turkey.
10. Juwi Inc.
Juwi Inc. is a German renewable energy company founded in 1996 and headquartered in Wörrstadt. The company operates in over 20 countries and specializes in the development and construction of solar, wind, and hydropower projects.
11. Sharp Corporation
Sharp Corporation is a Japanese multinational electronics corporation founded in 1912 and headquartered in Osaka. The company operates in over 30 countries and offers a range of distributed generation solutions, including solar photovoltaic systems.
12. Cummins Inc.
Cummins Inc. is an American multinational corporation founded in 1919 and headquartered in Columbus, Indiana. The company operates in over 190 countries and is focused on the development and production of diesel and natural gas engines, as well as power generation systems.
13. Caterpillar Inc.
Caterpillar Inc. is an American multinational corporation founded in 1925 and headquartered in Deerfield, Illinois. The company operates in over 180 countries and specializes in the production of construction and mining equipment, as well as diesel and natural gas engines.
*Definition- Distributed generation refers to the production of electricity at or near the point of consumption, typically using renewable energy sources like solar, wind, or biomass, rather than relying on large centralized power plants.
