The technology industry continues to be a hotbed of innovation, with activity driven by the focus on environmental sustainability to reduce greenhouse gas emissions, improve energy efficiency and promote sustainable economic growth, and growing importance of technologies such as blockchain, artificial intelligence (AI), data analytics and cloud computing in creating more efficient, secure, and transparent energy trading platforms. In the last three years alone, there have been over 3.6 million patents filed and granted in the technology industry, according to GlobalData’s report on Innovation in Environmental Sustainability: Energy trading platforms. Buy the report here.

However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilising and reaching maturity.

Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.

300+ innovations will shape the technology industry

According to GlobalData’s Technology Foresights, which plots the S-curve for the technology industry using innovation intensity models built on over 2.5 million patents, there are 300+ innovation areas that will shape the future of the industry.

Within the emerging innovation stage, environmental sensors, smart grid monitoring system, and EV battery management systems are disruptive technologies that are in the early stages of application and should be tracked closely. Waste management systems, engine exhaust control systems, and hybrid solar are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas, energy trading platforms, EV charging metering automation, and smart grid metering are now well established in the industry.

Innovation S-curve for environmental sustainability in the technology industr

Energy trading platforms is a key innovation area in environmental sustainability

Energy trading platforms are digital marketplaces that allow individuals and organisations to buy and sell various energy products, including electricity, natural gas, and renewable energy certificates. These platforms provide a secure, efficient, and transparent environment for trading energy products and services, enabling price discovery through the consolidation of bids and offers from multiple market participants. Additionally, energy trading platforms offer analytical tools to assess market trends, making it easier for participants to make informed trading decisions.

GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 50+ companies, spanning technology vendors, established technology companies, and up-and-coming start-ups engaged in the development and application of energy trading platforms.

Key players in energy trading platforms – a disruptive innovation in the technology industry

‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.

‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.

Patent volumes related to energy trading platforms

Company Total patents (2010 - 2022) Premium intelligence on the world's largest companies
Intel 238 Unlock Company Profile
State Grid 170 Unlock Company Profile
Emerson Electric 105 Unlock Company Profile
China Southern Power Grid 49 Unlock Company Profile
Causam Energy 49 Unlock Company Profile
Honda Motor 34 Unlock Company Profile
Reactive Technologies 33 Unlock Company Profile
General Electric 31 Unlock Company Profile
Mahindra & Mahindra 31 Unlock Company Profile
Alphabet 26 Unlock Company Profile
Itron 22 Unlock Company Profile
Clean Power Research 21 Unlock Company Profile
Mitsubishi Heavy Industries 19 Unlock Company Profile
Access Business Group International 18 Unlock Company Profile
Siemens 16 Unlock Company Profile
Korea Electric Power 15 Unlock Company Profile
Toshiba 15 Unlock Company Profile 14 Unlock Company Profile
Expanergy 14 Unlock Company Profile
Emerging Automotive 14 Unlock Company Profile
State Grid Information and Telecommunication 13 Unlock Company Profile
Accenture 13 Unlock Company Profile
MelRok 12 Unlock Company Profile
Hitachi 11 Unlock Company Profile
Rockwell Automation 11 Unlock Company Profile
Crusoe Energy Systems 10 Unlock Company Profile
Nihon Techno 10 Unlock Company Profile
Panasonic 10 Unlock Company Profile
NARI Group 9 Unlock Company Profile
NARI Technology 8 Unlock Company Profile
E-Gear 8 Unlock Company Profile
Nippon Steel 8 Unlock Company Profile
Honeywell International 8 Unlock Company Profile
Versify Solutions 8 Unlock Company Profile
Johnson Controls International 7 Unlock Company Profile
LS Electric 7 Unlock Company Profile
LG 7 Unlock Company Profile
Koninklijke Philips 7 Unlock Company Profile
Commonwealth Scientific and Industrial Research Organisation 7 Unlock Company Profile
Carbontrack 7 Unlock Company Profile
Meditor European Master Fund 7 Unlock Company Profile
State Grid Shanghai Municipal Electric Power 6 Unlock Company Profile
Hanesbrands 6 Unlock Company Profile
LO3 Energy 6 Unlock Company Profile
Microsoft 6 Unlock Company Profile
Schneider Electric 6 Unlock Company Profile
Walmart 6 Unlock Company Profile
THOMSON LICENSING 6 Unlock Company Profile
Equinix 5 Unlock Company Profile
FSP Technology 5 Unlock Company Profile

Source: GlobalData Patent Analytics

Among the companies innovating in energy trading platforms, Intel is the leading patent filer. The company filed and was granted a patent, for example, to develop a sled for a rack of a data centre including physical storage resources. The sled comprises mounting flanges to enable robotic insertion and removal from a rack and storage device mounting slots to enable robotic insertion and removal of storage devices into the sled. The storage devices are coupled to an optical fabric through storage resource controllers and a dual-mode optical network interface.

Other prominent patent filers in energy trading platforms include State Grid Corporation of China and Emerson Electric.

By geographic reach, Access Business Group International leads the pack, followed by Nihon Techno and Itron. In terms of application diversity, Intel holds the top position, followed by Alphabet and Equinix.

Energy trading platforms play a crucial role in the energy industry by providing a centralised platform for buyers and sellers to trade energy products and services. They enable greater transparency and efficiency in energy markets, allowing for more accurate price discovery and risk management.

To further understand how environmental sustainability is disrupting the technology industry, access GlobalData’s latest thematic research report on Sustainability – Thematic Research.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.