Smart Innovators: Renewable Energy Procurement Software

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Executive Summary

Clean energy is fast becoming a strategic enabler of business operations and long-term value creation, thanks to rising energy prices, energy resiliency concerns and a fundamental shift in the way energy markets operate. Against this backdrop, this report provides an in-depth analysis of recent innovation in the renewable energy procurement software market, profiling 12 vendors and their solutions. Software vendors should leverage this information to benchmark and enhance their solution capabilities, to meet buyers’ needs. For buyers of renewable energy procurement software, this report provides a high-level benchmark of innovation amongst these vendors.
Summary for decision-makers
Clean energy buyers navigate complex, opaque and uncertain data around transactions
The longevity and complexity of PPAs place a premium on predictability and risk management
EACs are more accessible than PPAs, but bring higher demands for due diligence
Introducing the renewable energy procurement software market
The PPA and EAC ecosystem is an interconnected stack
Corporate demand and policy support drive the market forwards
Core functionality of renewable energy procurement software
Vendors differentiate their PPA offerings through deep analytics and improved market access
Granular tracking and simplifed purchasing distinguish vendors’ EAC offerings 
There is a gap in the market for an all-in-one renewable energy solution
Figure 1. Background information on vendors included in the report
Figure 2. The PPA and EAC ecosystem is an interconnected stack
Figure 3. Vendor market positioning by capabilities and audience type
Figure 4. Renewable energy procurement software: capabilities and definitions
Figure 5. Renewable energy procurement software providers: capabilities assessment

About the Authors

Gus Brewer

Gus Brewer

Analyst

Gus is an Analyst at Verdantix specializing in energy management and supply chain decarbonization. He delivers research that enables technology buyers, vendors and services fi...

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Ryan Skinner

Ryan Skinner

Research Director

Ryan is a Research Director at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landsc...

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