October 2026
Largest Energy & Utilities Software Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Nextracker, Baosight, TGS, Ygsoft and Longshine Technology.
 | Nextpower (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextpower's products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextpower has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil. | $83 | -18% | $13B | $11B | 3.2x | 15.2x | ||
 | Shanghai Baosight Software Co Ltd is a Chinese software company that develops automation and software tools for various industries. The company operates through three segments: the Software Development and Engineering Services segment, the System Integration segment, and the Service Outsourcing segment. Its operations span across areas such as information technology, industrial automation, robotics, intelligent transportation, and information infrastructure. The company’s offerings are mainly applied in sectors including steel, non-ferrous metals, chemicals, mining, new materials, renewable energy, metalworking, equipment manufacturing, urban transit systems, and infrastructure development. | $3 | -18% | $6.2B | $6B | 3.7x | 21.3x | ||
 | TGS ASA provides data, intelligence, ocean bottom node (OBN) acquisition services, processing, analytics, cloud-based data applications, and other specialized services and solutions to energy companies across the energy spectrum, whether it is oil and gas, carbon capture and storage, or wind development. Its reportable segments are divided into six overall business units: Contract, Multi-client, New Energy Solutions (NES), Imaging, Shared Services. It generates the majority of its revenue from Multi-client sales. | $14 | +61% | $2.8B | $3.5B | 2.3x | 5.3x | ||
| Ygsoft Inc supplies business management and social service information systems in China. It is focused on providing enterprise management software for the energy industry. The company offers a cloud platform, cloud services, big data service, blockchain services, group resource management, comprehensive risk management, asset lifecycle management and multi-project management. | $1 | -14% | $1.5B | $1.5B | 3.8x | 20.4x | ||
| Longshine Technology Group Co Ltd is engaged in the provision of software and IT services for the power and electricity industry. Its range of solutions in new energy and smart grid areas are electric vehicle smart charging service network operation management system; enterprise energy efficiency management system; wind power centralized monitoring system; smart electric substation; and mobile internet payments through Alipay. | $1 | -49% | $1.4B | $1.3B | 1.9x | 53.4x | ||
| Flotek Industries Inc is a technology-driven specialty chemistry and data company. It has two reportable segments: Its Chemistry Technologies segment includes specialty chemistries, logistics and technology services. It also include integrated oil and gas companies, oilfield services companies, independent oil and gas companies, national and state-owned oil companies, and international supply chain management companies. The Data Analytics segment provides analytical measurement solutions and deliver real-time information and insights to customers to enable optimization of operations and reduction of emissions and their carbon intensity. Key revenue comes from its Chemistry Technologies segment. | $30 | +72% | $1.1B | $1.1B | 4.7x | 44.3x | ||
 | MBB SE is a medium-sized, family-owned company specializing in the acquisition and management of medium-sized industrial companies with considerable technology and engineering expertise. It concentrates on energy transition, e-mobility, cybersecurity, and ecological materials through its subsidiaries. The MBB Group comprises the following reportable segments: Friedrich Vorwerk, Aumann, DTS, Delignit. Aumann AG: Specialized in e-mobility and automation, Friedrich Vorwerk: Focused on energy infrastructure, including gas, power grids, and hydrogen. DTS IT AG: Provides cybersecurity and cloud computing services. Delignit AG: Produces ecological hardwood-based materials and Hanke Tissue: Produces consumer goods like mattresses and tissue paper. | $195 | -12% | $1B | $697M | 0.5x | 3.0x | ||
| PSI Software SE is a software producer in process control and information systems. Its core business consists of process control and information systems for managing energy and material flows in industries tailored to the electricity, gas, oil, and district heating sectors, engineering, automobile, and automotive supply and logistics sectors. The company's segments include Energy Management, which offers intelligent solutions for utility companies in the electricity, gas, oil, and water sectors; the Production Management segment provides solutions for planning and controlling production processes in metals production, logistics, mechanical engineering, and automotive manufacturing. It generates maximum revenue from the Energy Management segment. | $51 | -3% | $820M | $853M | 2.7x | (127.9x) | ||
 | Pason Systems Inc is a provider of instrumentation and data management systems for drilling rigs. The electronic drilling recorder is the company's product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. The company reports on four strategic business units: The North American Drilling (Canada and the United States) and International Drilling (Latin America, including Mexico, Offshore, the Eastern Hemisphere, and the Middle East) and completions business units, all of which offer technology services to the oil and gas industry, and the Solar and Energy Storage business unit, which provides technology services to solar and energy storage developers. | $10 | +18% | $780M | $743M | 2.5x | 8.2x | ||
| ERock Inc is a vertically integrated company that designs, deploys, operates and maintains multi-purpose distributed power systems, consisting of its proprietary, low emission, quick-response natural gas generator and embedded software technology, for its customers. Its systems are used for bridge power, backup power, and dispatchable power applications, and are supported by operations, maintenance, and asset management services. The company's modular power systems are designed for rapid deployment and are used to support a range of customer power requirements. The company derives the majority of revenue from power system sales. | $12 | -- | $597M | $208M | 1.1x | (4.1x) | ||
| Zhejiang Netsun Co Ltd is a high-tech enterprise specializing in Internet information services, e-commerce, professional search engines and enterprise application software development. | $2 | -20% | $573M | $530M | 6.7x | (263.0x) | ||
 | Chrysos Corp Ltd is an Australian-based provider of novel assay services to the international mining industry through its proprietary PhotonAssay technology. The company's flagship product, PhotonAssay, delivers accurate and environmentally friendly analysis of gold, silver, and complementary elements. The Group has three reportable segments, namely, EMEA, APAC, and the Americas, where the majority of revenue is generated from Australia. The Group generates revenue mainly from the deployment of PhotonAssay units with its customers. | $5 | -7% | $571M | $599M | 9.8x | 31.9x | ||
| Hansen is a technology company providing software and services to the energy and utilities, and communications sectors throughout the developed world. Hansen’s products primarily relate to billings and adjacent functions, such as customer quotes, order capture, customer data management, and customer service. Additionally, Hansen has products assisting companies with developing new products, fulfilling orders, and managing various other operational processes. | $2 | -38% | $466M | $489M | 1.8x | 9.6x | ||
 | Hanyang Eng Co Ltd is engaged in the construction business. It offers construction of information technology facilities, industrial facilities, biopharmaceutical facilities, solar polysilicon production equipment, nuclear and aerospace facilities and others. It also manufactures and installs central chemical supply systems (CCSSs) and total chemical management systems (TCMS), which are used in semiconductors, displays, solar energy facilities and others. | $26 | +82% | $439M | $291M | 0.4x | 6.3x | ||
| Energy One Ltd is a supplier of software products and services. It serves wholesale energy, environmental, and carbon trading markets. The company's only operating segment is the Energy software industry. Its geographical segments include Australasia and Europe. The company derives a majority of its revenue from Europe. Its product portfolio includes the wholesale energy trading suite; energyflow, energyoffer, NemSight, SimEnergy, enTrader, and others. | $11 | -15% | $338M | $340M | 7.0x | 25.7x | ||
 | Gentrack Group Ltd is engaged in the development, integration, and support of enterprise billing and customer management software solutions for the utility (energy and water) and airport industries. The company operates in two business segments which are Utility Billing Software and Airport Management Software, of which the Utility Billing Software segment generates maximum revenue for the company. Geographically company generates from United Kingdom, also operates from Australia, New Zealand and rest of world. | $2 | -61% | $231M | $198M | ||||
| Computer Modelling Group Ltd is a software and consulting technology company engaged in developing and licensing reservoir simulation and seismic interpretation software. The company also provides professional services consisting of highly specialized support, consulting, training, and contract research activities. The firm has operations in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions. | $3 | -21% | $222M | $237M | ||||
 | Eviso SpA specializes in the supply of electricity for small and medium-sized enterprises, farms, shops and restaurants in low voltage and medium voltage. The coverage for the supply of electricity is active in all regions of Italy. | $10 | +9% | $222M | $210M | ||||
 | Razor Labs Ltd is engaged in the business of developing artificial intelligence based products and solutions for businesses. | $2 | +38% | $71M | $59M | ||||
 | ENECHANGE is a renewable-energy company founded in 2015 and based in Japan. OPF1 is a fund launched in September 2023 with JIC VGI as its General Partner, whose strategy is to provide funding to direct secondary deals and listed startups. OPF1 is one of the JIC's initiatives included in the government's "Startup Development Five-Year Plan". The company serves business and institutional customers and public-sector organizations through products and services in the renewable-energy market. Its commercial model is built primarily on product sales and contracted services, reflecting the way customers obtain and use its offering. JIC Venture Growth Investments classifies the business in its After Market portfolio and records February 2024 for the company. The company maintains its operating website at enechange.co.jp, while JIC VGI's portfolio materials preserve the public record of the investment relationship. | $2 | -20% | $66M | $43M | ||||
| Rubicon Water Ltd is engaged in the water technology solutions business that designs, manufactures, installs, and maintains irrigation automation software and hardware. It generates revenue through sales of hardware, software, and services, as well as from ongoing maintenance of the installed end-to-end solution base. | $0 | +70% | $61M | $73M | ||||
| Redwood AI Corp is an artificial intelligence and post-quantum cybersecurity company developing software platforms for chemical intelligence, pharmaceutical development, defense, national security, and critical infrastructure applications. Its Reactosphere platform applies AI, cheminformatics, and operational data to molecular design, synthesis planning, process optimization, chemical hazard analysis, and supply-chain decision-making. The company also operates the Quantum.IQ platform, which provides AI-powered post-quantum cybersecurity solutions for cryptographic asset discovery, quantum-readiness assessment, compliance, and security infrastructure modernization. | $1 | -- | $51M | $50M | ||||
| Stem Inc is a provider of energy storage systems. The company bundles third-party hardware with its proprietary Athena software to provide customers a turnkey solution. Stem sells its solutions to commercial and industrial customers as well as independent power producers and renewable developers. Its solutions help customers maximize renewable energy generation and help build a cleaner and more resilient grid. The Company operates as one operating segment that is focused exclusively on technology services that transform the way energy is distributed and consumed. | $4 | -78% | $41M | $331M | ||||
| Maps SpA is a software solution provider. It designs and develops software solutions that improve service quality, increase operational efficiency, and help customers improve their decision-making. The company predominantly caters to its customers in the Healthcare, Energy, and ESG sectors. Its Healthcare Business Unit develops solutions related to patient experience and telemedicine, data-driven governance platforms, applications for the digitization of diagnostic service workflows, radiology, laboratory tests, and others. The Energy business unit supports the changes taking place for the energy transition, and its ESG Business Unit commercializes solutions that measure the achievement of corporate and employee goals, manage risks, and report on non-financial performance. | $3 | -31% | $34M | $36M | ||||
 | Klappir Graenar Lausnir hf develops, sells, and implements software in the environmental field. It is a provider of sustainability software, offering a platform thoroughly crafted to empower effective sustainability management across various sectors such as businesses, municipalities, and governments. | $5 | -- | $27M | $29M | ||||
 | Holaluz is a Barcelona renewable-energy company founded in 2010 and listed on BME Growth. It supplies electricity to households and businesses and develops rooftop solar self-consumption systems. The company’s proposition links renewable retail supply with distributed generation at customer premises. Holaluz Cloud credits qualifying surplus solar production against a customer’s electricity bill. Revenue comes from recurring energy contracts, solar installations and related energy services rather than investment management. During 2021 and 2022 it expanded its operating capacity through acquisitions including Bulb’s Spanish business and the installers Katae Energía, Serna Energía and GHC Instalaciones. Those corporate purchases are distinct from separate acquisitions of customer books that did not transfer operating companies. | $1 | -46% | $22M | $62M | ||||
| Informetis Co Ltd is engaged in the energy-Informatics business which includes sales, engineering and developing proprietary energy sensor, data-mining, in-house designed IoT data platforms to handle energy data, development of end-user apps, creation of new services that benefit the created values out of energy data. | IoT+3 | $2 | -41% | $15M | $17M | |||
| NextNRG Inc is engaged in developing an integrated ecosystem that combines solar energy generation, battery storage, smart microgrids, wireless electric vehicle (EV) charging, and on-demand fuel delivery. The company is also focused on combining renewable energy innovation with mobile fueling expertise to build a sustainable energy ecosystem that bridges traditional fuel needs with AI-powered clean energy solutions. | $1 | -65% | $11M | $32M | ||||
 | Energisme SA provides an intelligent platform to help organizations to automate the real-time control of their energy performance. The company is capable of capturing, securing and automating data flows, it facilitates and accelerates customer decision-making relating to energy management, equipment provisioning and long-term consumption control objectives. It has developed a SaaS 2 platform, called N'Gage, allowing actors industrial, tertiary and public sectors to control and manage their energy consumption. | $4 | +104047% | $11M | $16M | ||||
| Telkonet is an American developer of intelligent automation and energy management systems, headquartered in Waukesha, Wisconsin. Its EcoSmart platform and newer Rhapsody system combine occupancy-based smart thermostats and IoT-connected devices with cloud software to control heating and cooling room by room, cutting energy use without sacrificing guest or resident comfort. The company sells mainly to hotels, and also to multi-dwelling residential properties and military housing, earning revenue from hardware sales and software-as-a-service subscriptions. Founded in 1999 as a communication and network provider, Telkonet had deployed more than 700,000 intelligent climate-control devices in over 4,000 properties by early 2022, and it has a team of about 30 employees. In January 2022 VDA Group of Pordenone, Italy, a maker of guest room management systems and interactive TV for hotels founded in 1980, acquired 53% of Telkonet, whose shares trade on the OTC market. The combined VDA-Telkonet group says it has around 1 million rooms installed in 50 countries and two in-house R&D teams totalling about 40 engineers. | IoT+2 | $0 | +72% | $9M | $9M | |||
| Acceleware Ltd is a developer of electromagnetic heating technologies delivering next-generation radio frequency (RF) power-to-heat solutions for large-scale industrial applications. Its technologies are designed to reduce energy use and heating costs, while enabling meaningful decarbonization. The company’s patented, Clean Tech Inverter is being applied to improve efficiency and lower costs in amine regeneration. It is also in development with potash producers to economically decarbonize ore drying and other critical mineral processes. RF XL, the company’s low-cost, low-carbon RF thermal recovery technology that promises to increase and accelerate heavy oil production for operators. | $0 | -7% | $7M | $9M | ||||
| Acadia Energy Corp develops microgrid solutions called Sustainability Hubs for local communities. Acadia Energy has developed a software platform called InSite which manages the power generated and stored on the microgrid as well as the renewable attributes associated with renewable energy. A new software overlay is being engineered to accommodate the new NYC Law 97, which will have AI recognition capabilities. | $0 | -58% | $1M | $2M | ||||
| Median | $3 | -15% | $226M | $224M | 2.4x | 5.9x |
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