As companies switch from fossil fuels to renewable energy, we examine 10 of the biggest energy companies leading the innovations.
We are undoubtedly in the midst of a renewable energy transition that is becoming increasingly urgent by the day. As organizations strive for net-zero emissions (by eliminating fossil fuel power), they are accelerating innovation and expanding their renewable energy offerings.
Listed below are 10 of the largest renewable energy companies and their projects that drive the transition to renewable energy.
10 Largest Renewable Energy Companies
10. First Solar, Inc.
First Solar, Inc. is a provider of photovoltaic and solar energy solutions in a variety of countries throughout the world, including the United States, Japan, France, Canada, India, and Australia. The firm designs, manufacture, and sells solar modules, which are devices that turn sunlight into electric power.
Many of the world’s biggest grid-connected photovoltaic power plants are presently operated by First Solar, which was responsible for their development, financing, engineering, and construction. Their knowledge throughout the solar value chain allows them to offer solutions to clients that are more trustworthy, predictable, and cost-effective while also lowering the risk involved.
Market Cap: $8.23 Billion
9. Plug Power Inc.
Plug Power Inc. offers hydrogen fuel cell solutions for the North American and worldwide transportation, material handling, and stationary power industries. The firm announced a partnership with Atlas Copco Mafi-Trench Company LLC, a worldwide leader in brazed heat exchangers and cryogenic cold boxes, on February 17, 2022, to create hydrogen liquefication facilities.
Market Cap: $14.91 Billion
8. Vestas Wind Systems
Vestas Wind Systems is a Danish wind energy business. It produces, installs, and manufactures wind turbines. Additionally, the company has a service component that offers service contracts, replacement parts, and associated services. The corporation has erected wind turbines in dozens of nations worldwide.
Every day, 29,000 workers contribute to the improvement of the world by designing, producing, installing, developing, and servicing wind energy and hybrid projects worldwide. With +145 GW of wind turbines deployed in 85 countries, their sustainable energy solutions have already contributed to a more sustainable energy system by preventing the emission of 1.5 billion tonnes3 of CO2.
Market Cap: $15.2 Billion
7. SolarEdge Technologies, Inc.
SolarEdge Technologies, Inc. designs, develops, and distributes optimized direct current inverter solutions for global solar PV installations.
They divide the business into five divisions: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The Ukraine crisis is speeding up the need for alternative fuels, and the future of renewables shows optimism.
Market Cap: $16.48 Billion
6. Brookfield Renewable Partners LP (BEP)
Brookfield Renewable Partners LP owns and operates renewable energy generation plants in North America, Colombia, Brazil, Europe, India, and China. Hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources are used to produce power by the firm. Brookfield Renewable manages one of the world’s biggest publicly listed, pure-play renewable electricity platforms. Their portfolio includes hydroelectric, wind, solar, and storage plants in North America, South America, Europe, and Asia.
Market Cap: 19.01 Billion
5. Siemens Gamesa Renewable Energy SA
Siemens Gamesa is a wind engineering business headquartered in Spain. They sell off-grid, onshore, and onshore wind turbines and turbine gearboxes. Additionally, it offers upkeep and refurbishment services. The company provides services to clients worldwide and has set up technologies and goods in more than 90 nations.
Forty years ago, Siemens saw the potential to combine engineering and nature, imagining the prospect of illuminating cities and powering industries while purifying the air we breathe. Today, they are bringing that vision to life by creating renewable energy that powers our homes, schools, and hospitals and keeps the world’s greatest cities and the most remote regions of the earth moving.
4. Enphase
Enphase Energy, Inc. is in the business of designing, developing, manufacturing, and marketing household energy solutions for the solar photovoltaic sector in the United States abroad. Established in 2006, they credited Enphase with revolutionizing the solar business with its ground-breaking micro-inverter technology. This technology transforms sunlight into a secure, dependable, and stable energy source while also being scalable.
Today, their smart microinverters are compatible with almost every solar panel the world has produced. Combined with their smart battery technology, which has won several accolades, this creates one of the clean energy systems that performs the best in the market.
Market Cap: $24.84
3. Orsted A/S
By 2025, Orsted intends to achieve carbon neutrality in its business activities and energy generation. The Danish multinational power company’s primary business emphasis is on providing renewable energy solutions, particularly in the wind power market sector, where it develops and maintains offshore wind farms. Its bioenergy and thermal power business operate facilities that generate heat and electricity.
Market Cap: $52.07
2. Iberdrola
Iberdrola is a Spanish multinational energy firm that is one of the world’s largest wind power generators. Its annual revenue in 2020 was $33.1 billion, making it the world’s second-largest renewable energy firm. The corporation specializes in power production, distribution, trading, and marketing. For more than 20 years, Iberdrola devotion to speeding up renewable energy use has grown stronger by day, and they have planned to increase its renewable capacity to 60 GW by 2025 and 95 GW by 2030.
Market Cap: $71.19 billion
1. NextEra Energy
NextEra Energy is a prominent name in the American energy sector. They have around 54.7GW of installed generating capacity as of the end of the year 2020, with almost half of it coming from renewable energy sources. NextEra is also one of the largest capital investors in infrastructure in the United States. Throughout 2022, the company plans to spend between $50 and $55 billion developing new infrastructure.
Market Cap: $160.55 Billion
Related: Alternative Energy Sources, Live a Zero Waste Lifestyle, Is Solar Energy Renewable?
Bottomline
These are the top publicly traded green energy companies in the world as of right now; however, many more companies out there still need to make a list but are slowly gaining ground in the industry. Nevertheless, these companies are leading the way for the energy industry’s future as they work to change how we generate and distribute our energy sources today!
