[Ranking] TOP 25 Renewable Utilities / Utilities Companies Q3/2023
Intro
The renewable utilities industry plays a vital role in the worldwide economy, providing essential services that power homes, businesses, and industries. As the demand for clean and sustainable energy continues to rise, renewable utilities have become integral to reducing greenhouse gas emissions and combating climate change.
With their profound influence, renewable utilities have ripple effects across diverse sectors. They drive innovation in energy technologies, create job opportunities, and contribute to the development of sustainable communities. Moreover, the growth of renewable utilities has a positive impact on other industries, such as manufacturing, construction, and transportation.
The economic magnitude of the renewable utilities industry is staggering. In recent years, it has experienced significant growth, attracting substantial investments and creating a robust market. As governments and businesses worldwide prioritize renewable energy sources, the industry's upward trajectory shows no signs of slowing down.
Recent trends, breakthroughs, and obstacles shape the renewable utilities industry. Advancements in renewable energy technologies, such as solar panels and wind turbines, have made clean energy more affordable and accessible. However, challenges such as intermittency and grid integration remain key obstacles that the industry is actively addressing.
The landscape of the renewable utilities industry is ever-changing, driven by evolving regulations, market dynamics, and technological advancements. This dynamic nature sets the context for exploring the leading companies within the industry, as they navigate these shifts and strive for innovation and sustainability.
Ranking
#25 First Solar, Inc.
Employees: 3K
Revenue: 2B$
Website: https://www.firstsolar.com
Description: First Solar, Inc. is a leading renewable utilities company based in Tempe, United States. Since its founding in 1999, the company has been at the forefront of developing and manufacturing photovoltaic solar power systems. With a workforce of approximately 3,000 employees, First Solar manufactures advanced solar modules and provides comprehensive solar energy solutions to utilities, commercial, and industrial customers worldwide. The company's commitment to sustainability and clean energy is reflected in its revenue of 2 billion dollars. First Solar continues to innovate and drive the adoption of renewable energy by delivering reliable, cost-effective, and environmentally friendly solar solutions.
#24 EDF Renewables
Employees: 4.6K
Revenue: 2.3B$
Website: https://www.edf-re.com/
Description: EDF Renewables is a leading player in the Renewable Utilities industry. Headquartered in San Diego, United States, EDF Renewables operates primarily in North America. Since its founding in 1987, the company has grown to employ approximately 4.6 thousand employees and generates an annual revenue of approximately 2.3 billion dollars. EDF Renewables focuses on developing, constructing, and operating renewable energy projects across multiple technologies, including solar, wind, and storage. With a commitment to sustainability and reducing carbon emissions, EDF Renewables plays a crucial role in the transition to clean energy and the advancement of the Renewable Utilities sector.
#23 Tata Power
Employees: 8K
Revenue: 3.5B$
Website: https://www.tatapower.com/
Description: Tata Power is a leading renewable utilities company headquartered in Mumbai, India. With a history dating back to 1911, the company has established itself as a key player in the industry. Tata Power operates in the Utilities sector, specifically focusing on renewable energy sources. The company is committed to sustainable development and has made significant investments in renewable energy projects, such as wind and solar power plants. With a workforce of approximately 8,000 employees, Tata Power generates an annual revenue of around 3.5 billion US dollars. Through its renewable utilities division, Tata Power is contributing to the global transition towards clean and sustainable energy solutions.
#22 China Yangtze Power Co., Ltd.
Employees: 10K
Revenue: 5B$
Website: https://www.cypc.com.cn
Description: China Yangtze Power Co., Ltd. is a leading company in the Renewable Utilities industry. Headquartered in Beijing, China, the company was founded in 2002. With a workforce of approximately 10,000 employees, China Yangtze Power is dedicated to generating and supplying renewable energy to meet the growing demand in China and contribute to the global shift towards clean and sustainable power sources. The company operates a portfolio of hydroelectric power plants, harnessing the power of the Yangtze River to produce clean electricity. China Yangtze Power plays a vital role in China's energy sector, supporting the country's renewable energy goals and promoting a greener future.
#21 Iberdrola Renovables Energia, S.A.
Employees: 5.3K
Revenue: 8.9B$
Website: https://www.iberdrolarenovablesenergia.com
Description: Iberdrola Renovables Energia, S.A. is a leading company in the Renewable Utilities industry. Based in Bilbao, Spain, the company specializes in the generation and distribution of renewable energy. With a workforce of 5.3 thousand employees, Iberdrola Renovables Energia is committed to promoting sustainable energy solutions and reducing carbon emissions. Founded in 2001, the company has established itself as a key player in the renewable energy sector, contributing significantly to the global transition towards cleaner and more environmentally friendly power sources. With a revenue of 8.9 billion dollars, Iberdrola Renovables Energia continues to invest in research and development, as well as expanding its renewable energy portfolio to meet the growing demand for clean energy worldwide.
#20 Ørsted
Employees: 6.5K
Revenue: 9.5B$
Website: https://orsted.com
Description: Ørsted is a leading company in the Renewable Utilities industry. Headquartered in Copenhagen, Denmark, Ørsted operates in Europe and is known for its expertise in renewable energy. The company was founded in 1946 and has a workforce of approximately 6.5 thousand employees. Ørsted focuses on the development, construction, and operation of offshore and onshore wind farms, as well as bioenergy plants. With a revenue of 9.5 billion dollars, Ørsted has established itself as a major player in the renewable energy sector, contributing significantly to the transition towards a more sustainable and cleaner energy future.
#19 Orsted A/S
Employees: 6.3K
Revenue: 10.1B$
Website: https://orsted.com
Description: Orsted A/S is a renewable utilities company headquartered in Fredericia, Denmark. Founded in 1945, the company operates in the Utilities industry, specifically focusing on renewable energy. With approximately 6.3 thousand employees, Orsted is committed to transforming the energy sector towards a more sustainable future. The company generates revenue of around 10.1 billion US dollars annually, primarily through the production and sale of wind power. Orsted is a global leader in offshore wind energy, with numerous projects worldwide. Through its innovative and sustainable approach, Orsted aims to drive the transition to green energy and combat climate change.
#18 Xcel Energy Inc.
Employees: 11.5K
Revenue: 11.5B$
Website: https://www.xcelenergy.com
Description: Xcel Energy Inc. is a leading renewable utilities company based in Minneapolis, United States. With its headquarters in North America, Xcel Energy has been operating since 1909. The company employs approximately 11.5 thousand employees and generates a revenue of around 11.5 billion dollars. Xcel Energy is actively involved in the Utilities industry, specifically focusing on Renewable Utilities. They are committed to providing clean and sustainable energy solutions to their customers, while also promoting energy efficiency and reducing carbon emissions. Through their investments in renewable energy sources such as wind and solar power, Xcel Energy plays a crucial role in the transition towards a greener and more sustainable future.
#17 Siemens Gamesa Renewable Energy, S.A.
Employees: 26K
Revenue: 11.8B$
Website: https://www.siemensgamesa.com/en
Description: Siemens Gamesa Renewable Energy, S.A., headquartered in Zamudio, Spain, is a leading player in the Renewable Utilities industry. The company was founded in 2017 and currently employs approximately 26,000 people worldwide. With a revenue of 11.8 billion USD, Siemens Gamesa specializes in the manufacturing, installation, and maintenance of wind turbines, providing sustainable energy solutions to utility companies. Through its innovative technologies and expertise in wind power, Siemens Gamesa contributes significantly to the global shift towards renewable energy sources, helping to reduce carbon emissions and combat climate change. With its commitment to sustainability and renewable energy, Siemens Gamesa continues to be a key player in the Utilities industry.
#16 Vattenfall AB
Employees: 20K
Revenue: 12B$
Website: https://corporate.vattenfall.com/
Description: Vattenfall AB, headquartered in Stockholm, Sweden, is a leading player in the Renewable Utilities industry. Founded in 1909, the company operates across Europe, with a focus on generating and distributing electricity from renewable energy sources. With a workforce of approximately 20,000 employees, Vattenfall is committed to driving the transition to a sustainable energy future. The company's revenue stands at around 12 billion dollars, solidifying its position as a key player in the industry. Vattenfall continues to invest in renewable energy projects and innovative technologies to further expand its renewable utilities portfolio.
#15 Vestas Wind Systems A/S
Employees: 25K
Revenue: 12.1B$
Website: https://www.vestas.com/
Description: Vestas Wind Systems A/S, headquartered in Aarhus, Denmark, is a leading player in the Renewable Utilities industry. The company was founded in 1945 and has grown to become one of the largest manufacturers of wind turbines globally. With a workforce of approximately 25,000 employees, Vestas is dedicated to delivering sustainable energy solutions to combat climate change and reduce dependence on fossil fuels. The company operates in the renewable energy sector, specifically focusing on wind power generation. Vestas designs, manufactures, installs, and services wind turbines, providing comprehensive solutions for both onshore and offshore wind projects. With its commitment to innovation and sustainability, Vestas continues to contribute to the growth and development of the Renewable Utilities industry.
#14 RWE AG
Employees: 20K
Revenue: 13B$
Website: https://www.rwe.com
Description: RWE AG is a leading renewable utilities company headquartered in Essen, Germany. Founded in 1898, RWE has a rich history in the utilities industry. With approximately 20,000 employees, the company plays a significant role in the renewable utilities sector. RWE focuses on generating and supplying electricity and gas while actively promoting renewable energy sources. The company has a strong commitment to sustainability and is dedicated to reducing its carbon footprint. RWE's revenue reached 13 billion dollars, highlighting its position as a major player in the renewable utilities industry.
#13 EDP - Energias De Portugal, S.A.
Employees: 12K
Revenue: 14B$
Website: https://www.edp.com
Description: EDP - Energias De Portugal, S.A. is a leading renewable utilities company headquartered in Lisbon, Portugal. Founded in 1976, EDP operates in the Utilities industry, with a specific focus on renewable energy. The company is committed to providing clean and sustainable energy solutions, contributing to the global transition towards a low-carbon economy. With approximately 12,000 employees, EDP is dedicated to generating electricity from renewable sources such as wind, solar, and hydroelectric power. EDP's revenue stands at around 14 billion US dollars, reflecting its position as a major player in the renewable energy sector.
#12 American Electric Power Company, Inc.
Employees: 17K
Revenue: 15B$
Website: https://www.aep.com
Description: American Electric Power Company, Inc. (AEP) is a leading electric utility company headquartered in Columbus, Ohio. With a history dating back to 1906, AEP operates in the Renewable Utilities industry. The company is dedicated to generating and distributing electricity, with a focus on renewable energy sources. AEP owns and operates a diverse portfolio of power plants, including coal, natural gas, and renewable energy facilities. They are committed to transitioning to a cleaner energy future and have set a goal to add 16,600 megawatts of new renewable energy by 2030. AEP serves approximately 5.5 million customers across 11 states and is recognized for its reliable and sustainable energy solutions.
#11 Dominion Energy, Inc.
Employees: 21K
Revenue: 16.7B$
Website: https://www.dominionenergy.com
Description: Dominion Energy, Inc. is a leading renewable utilities company headquartered in Richmond, United States. Founded in 1983, the company has grown to employ approximately 21,000 individuals. With a revenue of 16.7 billion dollars, Dominion Energy is focused on providing renewable energy solutions to meet the growing demands of the utilities industry. The company's activities in the Renewable Utilities sector include the generation, transmission, and distribution of renewable energy sources such as solar, wind, and hydroelectric power. Dominion Energy aims to contribute to a sustainable future by investing in clean energy technologies and supporting the transition to a low-carbon economy.
#10 NextEra Energy, Inc.
Employees: 14.6K
Revenue: 19.2B$
Website: https://www.nexteraenergy.com
Description: NextEra Energy, Inc., headquartered in Juno Beach, Florida, is a leading renewable utilities company operating in the Utilities industry. Founded in 1925, the company has grown to become a global leader in clean energy generation and distribution. With approximately 14.6 thousand employees, NextEra Energy focuses on developing and operating wind, solar, and nuclear power facilities across North America. The company's portfolio includes renewable energy projects in 37 states, as well as in Canada and Spain. NextEra Energy is committed to sustainable energy solutions and aims to reduce carbon emissions while providing reliable and affordable electricity to its customers. With a revenue of 19.2 billion dollars, NextEra Energy continues to drive innovation and contribute to the growth of the renewable energy sector.
#9 EnBW Energie Baden-Württemberg AG
Employees: 20K
Revenue: 22B$
Website: https://www.enbw.com/
Description: EnBW Energie Baden-Württemberg AG is a leading player in the Renewable Utilities industry. Headquartered in Karlsruhe, Germany, the company has been in operation since 1997. With a workforce of approximately 20,000 employees, EnBW focuses on generating and distributing renewable energy in the form of wind, solar, hydro, and biomass power. The company's commitment to sustainability is evident through its investments in research and development to drive innovation in the renewable energy sector. EnBW's revenue stands at an impressive 22 billion US dollars, reflecting its strong market position and success in the industry.
#8 Southern Company
Employees: 30K
Revenue: 23B$
Website: https://www.southerncompany.com
Description: Southern Company is a leading player in the Renewable Utilities industry. Headquartered in Atlanta, United States, the company was founded in 1945. With a workforce of approximately 30,000 employees, Southern Company is committed to providing renewable energy solutions to meet the growing demand for clean and sustainable power. The company operates a diverse portfolio of renewable energy assets including solar, wind, and hydroelectric power plants across North America. Their investments in research and development, along with strategic partnerships, have positioned Southern Company as a key player in advancing renewable energy technologies. With an annual revenue of 23 billion dollars, Southern Company continues to drive innovation and contribute to the transition towards a greener and more sustainable future.
#7 Duke Energy Corporation
Employees: 29K
Revenue: 24.1B$
Website: https://www.duke-energy.com
Description: Duke Energy Corporation is a leading player in the Renewable Utilities industry. Headquartered in Charlotte, United States, the company was founded in 1904. With a workforce of around 29,000 employees, Duke Energy is dedicated to providing sustainable energy solutions. The company generates electricity from various renewable sources including hydro, wind, and solar power. Duke Energy operates a vast portfolio of power plants, transmission lines, and distribution networks across North America. With annual revenues reaching 24.1 billion dollars, Duke Energy continues to invest in renewable energy projects to meet the growing demand for clean and reliable electricity.
#6 E.ON SE
Employees: 70K
Revenue: 30B$
Website: https://www.eon.com/
Description: E.ON SE is a leading company in the Renewable Utilities industry. Headquartered in Essen, Germany, E.ON operates primarily in Europe. The company was founded in 2000 and currently employs around 70,000 individuals. With an annual revenue of approximately 30 billion US dollars, E.ON is a major player in the renewable energy sector. E.ON focuses on generating and distributing renewable energy, including wind, solar, and hydroelectric power. The company is committed to transitioning to a sustainable energy future and plays a significant role in the global effort to combat climate change.
#5 Iberdrola, S.A.
Employees: 35K
Revenue: 36B$
Website: https://www.iberdrola.com/
Description: Iberdrola, S.A. is a leading renewable utilities company headquartered in Bilbao, Spain. Founded in 1992, the company has grown to become one of the largest players in the renewable energy sector. With a workforce of approximately 35,000 employees, Iberdrola is committed to promoting clean energy and sustainability. The company operates a diverse portfolio of renewable energy assets, including wind, solar, hydroelectric, and biomass power plants. Iberdrola's innovative approach to renewable energy has positioned them as a key player in the transition to a low-carbon economy. With annual revenues of 36 billion dollars, Iberdrola continues to invest in the development and expansion of renewable energy projects around the world.
#4 ENGIE SA
Employees: 170K
Revenue: 60B$
Website: https://www.engie.com/
Description: ENGIE SA, headquartered in Courbevoie, France, is a leading player in the Renewable Utilities industry. The company, founded in 1946, has a workforce of approximately 170,000 employees. With a revenue of 60 billion USD, ENGIE SA operates in various segments of the Utilities industry, including renewable energy generation, transmission, and distribution. ENGIE SA focuses on leveraging renewable energy sources such as wind, solar, hydro, and biomass to provide sustainable and clean energy solutions. The company actively invests in research and development to drive innovation and enhance its renewable energy portfolio. Through its global presence and significant investments in renewable infrastructure, ENGIE SA plays a crucial role in the transition towards a low-carbon economy.
#3 Eni S.p.A.
Employees: 33K
Revenue: 70B$
Website: https://www.eni.com/
Description: Eni S.p.A. is a leading company in the Renewable Utilities industry. Based in Rome, Italy, Eni operates in the production, refining, and marketing of oil and gas, as well as in the production and marketing of electricity from renewable sources. With a strong focus on sustainability, Eni is committed to investing in renewable energy projects and reducing its environmental impact. The company has a diverse portfolio of renewable energy assets, including solar, wind, and biofuels. Eni's dedication to innovation and sustainability has positioned it as a key player in the global transition to cleaner energy sources.
#2 EDF Group
Employees: 150K
Revenue: 75B$
Website: https://www.edf.fr
Description: EDF Group is a leading player in the Renewable Utilities industry, operating in Europe and beyond. Headquartered in Paris, France, the company was founded in 1946. With approximately 150,000 employees, EDF Group is committed to generating and supplying low-carbon electricity to meet the growing demand for sustainable energy. The company's renewable energy activities include the development, construction, and operation of wind, solar, hydropower, and biomass power plants. EDF Group is actively involved in the research and innovation of new technologies to enhance renewable energy production and efficiency. The company's dedication to sustainability and its significant revenue of 75 billion dollars solidify its position as a key player in the Renewable Utilities industry.
#1 Enel S.p.A.
Employees: 68K
Revenue: 90B$
Website: https://www.enel.com/
Description: Enel S.p.A. is a leading company in the Renewable Utilities industry. Headquartered in Rome, Italy, Enel operates in the field of renewable energy generation, distribution, and sales. With a history dating back to 1962, Enel has established itself as a global player in the sector, with a strong focus on sustainable and clean energy solutions. The company employs approximately 68,000 people worldwide, contributing to the development and operation of renewable power plants, including solar, wind, hydro, and geothermal projects. Enel's commitment to innovation and technological advancements has enabled it to deliver reliable and efficient renewable energy solutions to customers across Europe and beyond. With a revenue of 90 billion dollars, Enel continues to expand its renewable energy portfolio and drive the transition towards a more sustainable energy future.
Summary
The Renewable Utilities sub-industry is seeing significant growth and innovation, with several top companies leading the way. These companies have achieved remarkable rankings and accomplishments in the industry.
One outstanding finding is the increasing importance of renewable energy sources in the utilities sector. As companies strive to reduce their carbon footprint and meet sustainability goals, they are turning to renewable utilities as a key solution.
Among the premier companies in the Renewable Utilities sub-industry are leaders like NextEra Energy, Duke Energy, and Iberdrola. These companies have established themselves as powerhouses in the industry and are consistently recognized for their achievements.
What sets these top companies apart is their commitment to investing in renewable energy infrastructure. They have made significant investments in wind and solar energy projects, expanding their renewable energy capacity and contributing to a greener future.
The eminent companies in the Renewable Utilities sub-industry distinguish themselves through their focus on innovation. They are constantly exploring new technologies and approaches to improve the efficiency and effectiveness of renewable energy generation and distribution.