[Ranking] TOP 25 Electricity / Utilities Companies Q3/2023
Intro
The electricity industry plays a vital role in the worldwide economy, powering essential functions and providing energy for various sectors. From homes and businesses to transportation and healthcare, electricity is the lifeblood that keeps the modern world running smoothly.
With its profound influence, the electricity industry has far-reaching ripple effects across diverse sectors. It enables innovation, drives economic growth, and fosters technological advancements. The availability and reliability of electricity are crucial for industries to thrive and societies to progress.
The electricity industry holds immense economic magnitude and continues to witness an upward trajectory. As the demand for clean energy and sustainable practices grows, companies in this industry are at the forefront of developing and implementing innovative solutions. From renewable energy sources to smart grids, these companies are driving the transition towards a greener and more efficient future.
Recent trends, breakthroughs, and obstacles are molding the electricity industry. The increasing adoption of renewable energy sources such as solar and wind power is transforming the energy landscape. Advances in energy storage technologies are addressing the intermittent nature of renewable sources, making them more reliable and accessible. However, challenges such as grid infrastructure upgrades and regulatory barriers still need to be overcome to fully realize the potential of these advancements.
The electricity industry is a dynamic and ever-changing landscape. Rapid technological advancements, evolving consumer preferences, and the global push for sustainability are shaping the industry's future. In this article, we will explore some of the top companies in the electricity sub-industry, highlighting their contributions and innovations that are driving the industry forward.
Ranking
#25 Alliant Energy
Employees: 4.3K
Revenue: 3.6B$
Website: https://www.alliantenergy.com/
Description: Alliant Energy is a leading electricity provider in the Utilities industry. Based in Madison, United States, the company has been in operation since 1917. With a workforce of approximately 4.3 thousand employees, Alliant Energy generates an annual revenue of around 3.6 billion dollars. The company focuses on delivering reliable and affordable electricity to residential, commercial, and industrial customers. Alliant Energy operates a diverse portfolio of power plants, including coal, natural gas, wind, and solar facilities, ensuring a sustainable and balanced energy mix. Committed to environmental stewardship, the company actively invests in renewable energy projects and energy efficiency initiatives to reduce its carbon footprint and support a cleaner energy future.
#24 Pinnacle West Capital Corporation
Employees: 6K
Revenue: 4.3B$
Website: https://www.pinnaclewest.com
Description: Pinnacle West Capital Corporation is a leading electricity company based in Phoenix, United States. Founded in 1920, the company operates in the Utilities industry, specifically focusing on the generation, transmission, and distribution of electricity. With a workforce of approximately 6,000 employees, Pinnacle West Capital Corporation serves millions of customers in Arizona, providing them with reliable and affordable electricity services. The company's commitment to innovation and sustainability has enabled it to adapt to the changing energy landscape and meet the evolving needs of its customers. Pinnacle West Capital Corporation has achieved significant revenue growth, generating approximately 4.3 billion dollars in annual revenue. Through its strategic investments and partnerships, the company continues to play a vital role in powering communities and driving economic growth in the region.
#23 CMS Energy
Employees: 8.5K
Revenue: 6.1B$
Website: https://www.cmsenergy.com
Description: CMS Energy is a leading electricity provider in the Utilities industry. Headquartered in Jackson, United States, the company has been serving customers since its establishment in 1886. With a workforce of approximately 8,500 employees, CMS Energy is committed to delivering reliable and sustainable electricity solutions to its customers. The company generates and distributes electricity through its subsidiaries, including Consumers Energy. CMS Energy focuses on providing clean energy options, investing in renewable energy projects, and promoting energy efficiency. With annual revenues of 6.1 billion dollars, CMS Energy continues to play a crucial role in powering communities and driving innovation in the electricity sector.
#22 PPL Corporation
Employees: 12K
Revenue: 8.1B$
Website: https://www.pplweb.com
Description: PPL Corporation is a leading electricity company operating in the Utilities industry. Headquartered in Allentown, United States, PPL has been serving customers since its founding in 1920. With a workforce of approximately 12,000 employees, PPL is committed to providing reliable and affordable electricity to millions of customers. The company generates electricity from diverse sources, including nuclear, coal, oil, and natural gas. PPL's extensive transmission and distribution network spans multiple states, ensuring the efficient delivery of electricity to homes and businesses. With an annual revenue of 8.1 billion dollars, PPL continues to invest in innovative technologies and sustainable practices to meet the evolving energy needs of its customers and contribute to a greener future.
#21 Evergy
Employees: 3.1K
Revenue: 8.4B$
Website: https://www.evergy.com
Description: Evergy is a leading electricity company operating in the Utilities industry. With its headquarters in Kansas City, United States, Evergy has been providing reliable and affordable energy solutions since its founding in 1882. The company serves millions of customers across its service territory in Kansas and Missouri, delivering electricity and related services to residential, commercial, and industrial consumers. Evergy is committed to sustainable practices and investing in renewable energy sources to meet the growing demand for clean energy. With a team of approximately 3.1 thousand employees, Evergy generates annual revenue of 8.4 billion dollars, making it a prominent player in the electricity sector.
#20 NiSource
Employees: 8.5K
Revenue: 8.7B$
Website: https://www.nisource.com
Description: NiSource is a leading provider of natural gas and electricity in North America. Headquartered in Merrillville, United States, the company operates in the Utilities industry, specifically in the Electricity sector. With over a century of experience, NiSource is committed to delivering safe, reliable, and affordable energy solutions to its customers. The company serves millions of customers across multiple states, including Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, and Virginia. NiSource is dedicated to modernizing its infrastructure and investing in renewable energy sources to contribute to a sustainable future. Through its subsidiaries, NiSource generates, transmits, and distributes electricity, providing power to homes, businesses, and industries in its service areas.
#19 Public Service Enterprise Group
Employees: 11.5K
Revenue: 9.3B$
Website: https://www.pseg.com/
Description: Public Service Enterprise Group (PSEG) is a leading energy company operating in the Electricity industry. Headquartered in Newark, United States, PSEG has been providing reliable and sustainable energy solutions since its founding in 1903. With a workforce of approximately 11.5 thousand employees, PSEG is committed to delivering electricity to millions of customers across North America. The company generates, transmits, and distributes electricity to residential, commercial, and industrial customers, ensuring a consistent and affordable energy supply. PSEG also focuses on promoting energy efficiency and clean energy initiatives to reduce the environmental impact of its operations. With annual revenue of 9.3 billion dollars, PSEG continues to play a vital role in powering communities and driving innovation in the electricity sector.
#18 FirstEnergy
Employees: 15K
Revenue: 10B$
Website: https://www.firstenergycorp.com
Description: FirstEnergy is a leading electricity utility company headquartered in Akron, Ohio. With operations primarily in North America, the company serves millions of customers and operates a diverse portfolio of electric generating units. FirstEnergy is dedicated to providing reliable, affordable, and sustainable energy solutions to its customers. The company focuses on generating electricity from various sources, including coal, nuclear, natural gas, and renewable energy. FirstEnergy is committed to investing in modernizing its infrastructure and delivering clean energy solutions to meet the evolving needs of the electricity industry.
#17 WEC Energy Group
Employees: 7.8K
Revenue: 10B$
Website: https://www.wecenergygroup.com
Description: WEC Energy Group is a leading electricity company in the Utilities industry. Headquartered in Milwaukee, United States, the company has a rich history dating back to its founding in 1896. With a workforce of approximately 7,800 employees, WEC Energy Group operates in North America, providing reliable and sustainable electricity solutions to millions of customers. The company generates revenue of around 10 billion dollars annually, contributing to its position as a key player in the electricity sector. Through its innovative approach and commitment to customer satisfaction, WEC Energy Group continues to drive advancements in the industry, delivering affordable and clean energy solutions to meet the growing demands of the modern world.
#16 Sempra Energy
Employees: 20K
Revenue: 10B$
Website: https://www.sempra.com
Description: Sempra Energy, headquartered in San Diego, United States, is a leading player in the electricity industry. Founded in 1998, the company operates in the Utilities sector and focuses on the generation, distribution, and transmission of electric power. With a workforce of approximately 20,000 employees, Sempra Energy has established itself as a key player in the industry. The company's annual revenue stands at around 10 billion dollars, reflecting its strong presence and success in the electricity sector. Sempra Energy is committed to providing reliable and sustainable energy solutions to meet the growing power needs of communities and businesses.
#15 Eversource Energy
Employees: 8.2K
Revenue: 10.8B$
Website: https://www.eversource.com
Description: Eversource Energy is a leading electricity company operating in the Utilities industry. Headquartered in Hartford, United States, the company was founded in 1966. With a workforce of approximately 8,200 employees, Eversource Energy serves millions of customers in the North American region. The company generates, transmits, and distributes electricity, playing a crucial role in powering homes, businesses, and communities. Eversource Energy is committed to delivering reliable and affordable energy solutions, while also focusing on sustainability and environmental stewardship. With annual revenues of around 10.8 billion dollars, Eversource Energy continues to be a key player in the electricity sector, driving innovation and advancing the energy landscape.
#14 Entergy
Employees: 13K
Revenue: 11B$
Website: https://www.entergy.com
Description: Entergy is a leading electricity company in the Utilities industry. Headquartered in New Orleans, United States, the company was founded in 1913. With approximately 13,000 employees, Entergy generates an annual revenue of 11 billion dollars. Entergy operates in the electricity sector, providing power to millions of customers across multiple states. The company focuses on delivering reliable and affordable electricity while also investing in innovative solutions and renewable energy sources. Through its extensive infrastructure and commitment to sustainability, Entergy plays a vital role in powering communities and driving economic growth in the United States.
#13 Consolidated Edison
Employees: 14K
Revenue: 12B$
Website: https://www.coned.com
Description: Consolidated Edison is a leading electricity company based in New York City. Founded in 1823, the company has been providing reliable electric service to millions of customers in the United States. With a workforce of approximately 14,000 employees, Consolidated Edison is committed to delivering safe, affordable, and sustainable energy solutions. The company operates in the Utilities industry, specifically in the electricity sector. Consolidated Edison generates a revenue of 12 billion dollars annually, contributing significantly to the industry's growth. With its headquarters in New York, Consolidated Edison continues to be a prominent player in the electricity sector, ensuring the efficient distribution and transmission of electricity to meet the growing energy needs of its customers.
#12 Dominion Energy
Employees: 16K
Revenue: 12B$
Website: https://www.dominionenergy.com
Description: Dominion Energy is a leading electricity provider in the Utilities industry. Headquartered in Richmond, United States, the company was founded in 1983. With a workforce of approximately 16,000 employees, Dominion Energy serves millions of customers across North America. The company generates, transmits, and distributes electricity to residential, commercial, and industrial customers, ensuring a reliable and affordable energy supply. Dominion Energy is committed to embracing clean and renewable energy sources to reduce its environmental impact. With annual revenues of around 12 billion dollars, the company continues to innovate and invest in the development of sustainable energy solutions for a brighter future.
#11 Xcel Energy
Employees: 10K
Revenue: 12B$
Website: https://www.xcelenergy.com
Description: Xcel Energy is a leading electricity company operating in the Utilities industry. Headquartered in Minneapolis, United States, the company has a strong presence in North America. With a history dating back to 1909, Xcel Energy has established itself as a reliable provider of electricity services. The company's workforce consists of approximately 10,000 employees, who are dedicated to delivering safe and sustainable energy solutions to millions of customers. Xcel Energy generates annual revenue of around 12 billion dollars, making it a significant player in the electricity sector.
#10 Edison International
Employees: 13K
Revenue: 12.3B$
Website: https://www.edison.com
Description: Edison International, headquartered in Rosemead, California, is a leading electricity provider in North America. With a history dating back to 1886, the company has established itself as a prominent player in the utilities industry. Edison International operates through its subsidiaries, Southern California Edison (SCE) and Edison Energy, delivering reliable electricity to over 15 million people in Southern California. SCE is one of the largest electric utilities in the United States, serving residential, commercial, and industrial customers. Edison Energy, on the other hand, focuses on providing innovative solutions and services to help businesses and organizations optimize their energy usage and reduce costs. With a workforce of approximately 13,000 employees and annual revenue of 12.3 billion dollars, Edison International continues to be a driving force in the electricity sector, contributing to the growth and sustainability of the communities it serves.
#9 Ameren Corporation
Employees: 8K
Revenue: 13B$
Website: https://www.ameren.com
Description: Ameren Corporation, headquartered in St. Louis, Missouri, is a leading electricity provider in North America. Founded in 1902, Ameren serves customers in both Missouri and Illinois. With approximately 8,000 employees, the company is committed to delivering reliable and affordable energy to its customers. Ameren operates a diverse portfolio of power plants, including coal, natural gas, and nuclear facilities, ensuring a stable and sustainable electricity supply. The company also invests in renewable energy sources such as wind and solar power, furthering its commitment to environmental sustainability. With an annual revenue of 13 billion dollars, Ameren continues to innovate and modernize its infrastructure to meet the growing energy needs of the communities it serves.
#8 AES Corporation
Employees: 10K
Revenue: 15B$
Website: https://www.aes.com
Description: AES Corporation is a leading player in the Electricity industry, specifically in the Utilities sector. Headquartered in Arlington, United States, AES operates in North America. With a history dating back to 1981, the company has established itself as a prominent force in the industry. AES employs approximately 10,000 individuals who contribute their expertise and skills to the company's operations. The company generates impressive revenue, with an estimated annual revenue of 15 billion dollars. AES is committed to providing reliable and sustainable electricity solutions to meet the growing energy needs of its customers.
#7 American Electric Power
Employees: 17.4K
Revenue: 15.1B$
Website: https://www.aep.com
Description: American Electric Power (AEP) is a leading electricity utility company based in Columbus, Ohio. With its headquarters in North America, AEP operates in the Utilities industry, focusing on the generation, transmission, and distribution of electricity. Founded in 1906, AEP has a workforce of approximately 17.4 thousand employees. The company generates revenue of around 15.1 billion dollars per year. AEP serves millions of customers across 11 states in the United States, delivering reliable and affordable electricity to residential, commercial, and industrial customers. AEP plays a crucial role in powering homes, businesses, and industries, contributing to the growth and development of the communities it serves.
#6 National Grid
Employees: 23K
Revenue: 16.5B$
Website: https://www.nationalgrid.com/
Description: National Grid, headquartered in London, United Kingdom, is a leading electricity transmission and distribution company operating in the Utilities industry. Founded in 1990, the company has a workforce of approximately 23,000 employees. With annual revenue of 16.5 billion USD, National Grid plays a critical role in the reliable and efficient supply of electricity across the United Kingdom. The company's activities focus on the transmission and distribution of electricity, ensuring that power is delivered safely and reliably to millions of customers. National Grid is committed to sustainable energy solutions and plays a vital role in the transition to a low-carbon future.
#5 NextEra Energy
Employees: 14.0K
Revenue: 19.2B$
Website: https://www.nexteraenergy.com
Description: NextEra Energy is a leading electricity company operating in the Utilities industry. Headquartered in Juno Beach, Florida, United States, the company was founded in 1925. With approximately 14,000 employees, NextEra Energy generates an annual revenue of 19.2 billion dollars. The company is focused on the generation, transmission, distribution, and sale of electric power to customers in North America. NextEra Energy operates through its two primary subsidiaries, Florida Power & Light Company and Gulf Power Company, which serve millions of customers in Florida. The company is committed to providing clean and reliable energy solutions and has been recognized as one of the world's most ethical companies.
#4 Southern Company
Employees: 26K
Revenue: 20B$
Website: https://www.southerncompany.com
Description: Southern Company, headquartered in Atlanta, United States, is a leading player in the Electricity industry. With a history dating back to 1945, the company has established itself as a major provider of electric power in the North American market. Southern Company operates a diverse portfolio of electric utilities, serving customers across multiple states. The company's subsidiaries include Alabama Power, Georgia Power, Gulf Power, and Mississippi Power. With a workforce of approximately 26,000 employees, Southern Company is committed to delivering reliable and affordable electricity to its customers. In 2020, the company reported a revenue of around 20 billion dollars, showcasing its strong financial performance in the industry.
#3 Duke Energy
Employees: 28K
Revenue: 24B$
Website: https://www.duke-energy.com
Description: Duke Energy, headquartered in Charlotte, United States, is a major player in the electricity industry. Founded in 1904, the company has established itself as a leading provider of electricity services in North America. With approximately 28,000 employees, Duke Energy operates a comprehensive portfolio of power generation assets, including nuclear, coal, natural gas, and renewable energy facilities. The company serves millions of customers in its regulated utility territories, delivering reliable and affordable electricity. Duke Energy also actively invests in clean energy technologies and sustainability initiatives, aiming to reduce its environmental impact and promote a more sustainable future. With annual revenues of around 24 billion dollars, Duke Energy continues to be a key player in the utilities industry.
#2 Avangrid
Employees: 7.5K
Revenue: 33.7B$
Website: https://www.avangrid.com
Description: Avangrid is a leading company in the Electricity industry, operating in the Utilities sector. Headquartered in Orange, CT, United States, Avangrid focuses on the generation, transmission, and distribution of electricity. With a workforce of approximately 7,500 employees, the company is dedicated to providing reliable and sustainable energy solutions to customers across North America. Avangrid's revenue stood at 33.7 billion dollars, reflecting its strong presence and success in the industry. Through its strategic investments in renewable energy, transmission infrastructure, and customer-centric services, Avangrid is committed to driving the transition to a cleaner and more sustainable energy future.
#1 Exelon
Employees: 33K
Revenue: 34.7B$
Website: https://www.exeloncorp.com
Description: Exelon is a leading electricity company headquartered in Chicago, United States. With a workforce of approximately 33,000 employees, Exelon operates in the Utilities industry, specifically focusing on electricity. The company was founded in 2000 and has since established itself as a major player in the sector. Exelon generates significant revenue, with an annual revenue of 34.7 billion dollars. Through its subsidiaries, Exelon engages in the generation, transmission, and distribution of electricity, serving millions of customers across various states in the United States. The company is dedicated to providing reliable and sustainable energy solutions to meet the growing demand for electricity.
Summary
The analysis of the top companies in the Electricity sub-industry within the Utilities sector reveals some interesting findings. These companies have achieved remarkable rankings and significant accomplishments in their field.
One unexpected finding is the substantial growth of renewable energy companies within the Electricity sub-industry. These companies have capitalized on the increasing demand for clean energy and have made significant strides in expanding their market share.
Among the premier companies in the Electricity sub-industry are industry giants like General Electric (GE), Siemens, and ABB. These companies have a long-standing presence in the industry and have established themselves as leaders in providing electrical equipment and solutions.
One shared element among these top companies is their focus on innovation and technological advancements. They invest heavily in research and development to stay ahead of the competition and continuously improve their products and services.
What sets these eminent companies apart from their industry rivals is their ability to adapt to market trends and customer demands. They have successfully diversified their offerings to include smart grid technologies, energy storage solutions, and electric vehicle charging infrastructure, positioning themselves as comprehensive providers in the electricity sector.