Cloud computing can help extend the life of existing infrastructure by facilitating predictive maintenance, while supporting the integration of new technologies, such as the smart grid, DERs, and EVs. Cloud facilitates the centralisation of data from increasingly decentralised assets thus enabling advanced analytics and machine learning, which subsequently enhance utilities’ abilities to address looming industry challenges.

Leading cloud computing companies in the energy sector

The power industry faces numerous challenges, including ageing infrastructure, changing weather patterns, changing demand profiles, adoption of renewable and distributed energy sources, and electric vehicles (EVs). Together, they signal a new era of rapid modernisation.

Leading adopters of cloud computing include EDF, Duke Energy, National Grid, Vestas, Enel, Orsted, and E.ON.

Discover the leading cloud computing companies in the energy sector

Using its experience in the sector, Energy Monitor has listed some of the leading companies providing products and services related to cloud computing.

The information provided in the download document is drafted for cloud computing executives and technology leaders involved in cloud computing solutions.

The download contains detailed information on suppliers and their product offerings, alongside contact details to aid purchasing or hiring decisions.

Amongst the leading cloud computing suppliers are Oracle, SAP, ABB, Itron, Uplight, Siemens, GE Digital, and AVEVA.

Related Buyer’s Guides, which cover an extensive range of critical themes, companies and solutions within the energy sector, can also be found here.

Future of cloud computing in the energy sector

The market value for cloud computing in the energy sector was estimated at around $17bn in 2019 and is expected to rise to $28bn by 2024. The CAGR over this period is forecast to be 10.8%. Of the cloud services products, IaaS is expected to grow at the highest CAGR of 13.1%. SaaS, however, will retain the largest market share. In 2024, it is forecast to account for more than 50% of the total cloud service market for the energy industry despite growing at the slowest CAGR of 9.4%.

For full details (including contact details) on the leading companies within this space, download the free Buyer’s Guide below:

Frequently asked questions

  • How is cloud computing transforming the energy sector?

    Cloud computing is revolutionising the power sector by facilitating predictive maintenance, optimising the integration of distributed energy resources (DERs), and supporting the development of smart grids. It allows power companies to centralise data from decentralised assets, enabling real-time monitoring, advanced analytics, and machine learning. This leads to more efficient management of energy distribution, enhanced grid resilience, and better demand forecasting, ultimately reducing operational costs and improving energy supply reliability.

  • What are the benefits of cloud solutions for energy companies?

    Cloud solutions provide scalable IT infrastructure, enabling power companies to manage growing amounts of data from smart meters, renewable energy sources, and electric vehicles. These platforms improve operational efficiency by automating routine processes, offering real-time insights, and supporting decision-making through predictive analytics. Additionally, cloud services lower IT maintenance costs and enhance cybersecurity through robust encryption and regular updates.

  • How does cloud computing support renewable energy integration?

    Cloud computing enables real-time data collection and analysis from renewable energy sources like solar and wind. This improves grid stability and helps balance supply with demand by integrating renewable generation into the power grid efficiently. Cloud platforms also support remote monitoring of renewable assets, allowing for predictive maintenance and optimisation of energy output, which reduces downtime and operational costs.

  • What are the challenges of implementing cloud technology in the power sector?

    Challenges include data security concerns, integration with legacy systems, and high initial setup costs. Ensuring data privacy and complying with industry regulations are crucial, as power companies handle sensitive infrastructure information. Additionally, transitioning to cloud platforms may require upgrading existing infrastructure and training staff to manage cloud-based systems effectively.

  • How do cloud-based analytics improve energy management?

    Cloud-based analytics provide power companies with real-time insights into energy usage, grid performance, and asset health. By leveraging machine learning algorithms, cloud systems can predict equipment failures, optimise energy distribution, and improve demand forecasting. This results in enhanced energy efficiency, reduced operational costs, and more reliable energy supply.