Smart Innovators: Asset Performance Management For Renewables And Battery Storage (2025)

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Executive Summary

This report presents an in-depth analysis of the asset performance management (APM) market, with a focus on 16 providers serving the renewables and battery storage sectors. It offers prospective buyers and executives a high-level comparison of vendor capabilities across seven key areas: information management, failure prediction, reliability analysis, performance optimization, asset investment planning, remote operations control centre, and energy trading and demand response. The report also explores the key drivers, benefits and innovations that are shaping the future of the APM market in renewables and storage.
Summary for decision-makers
Asset performance management (APM) solutions are essential for efficient renewable generation
The need for high asset availability and a clear, unified view of the fleet drives demand for APM software
Introducing the APM market for renewables and storage 
APM software providers for renewables and storage have varied backgrounds
APM software for renewables and storage has seven key capabilities
APM software improves asset reliability, performance and operational planning
GenAI and expanded capabilities are among the innovations in APM solutions in the renewables and storage sectors
Buyers should select solutions that provide fleet-wide insights across multiple generation types
Figure 1. APM solution evolution
Figure 2. APM software providers for renewables and storage: capabilities assessment
Figure 3. Vendor generation coverage and capacity under management

About the Authors

Jatinder Devgun

Jatinder Devgun

Senior Analyst

Jatinder is a Senior Analyst at Verdantix, providing insights on emerging technologies and market dynamics for technology buyers and software vendors. His expertise lies in as...

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Lucas Sala

Lucas Sala

Consultant

Lucas is an Analyst at Verdantix, conducting research into the application of AI in industrial operations, focusing on GenAI copilots, predictive analytics and digital twins. ...

Malavika Tohani

Malavika Tohani

VP Research

Malavika is a VP Research at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more efficien...

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