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Top 4 Solar Panel Companies Who Will Dominate the Global Market in 2019

Owing to the ample availability of solar energy, it is considered to be an ideal long-term source of clean energy that can be used as a viable alternative to currently nonrenewable energy sources such as gas, coal, and oil. Today, solar energy is being increasingly used in the industrial, commercial, and residential sectors. Solar panels are among the most commonly used systems for converting solar energy into electrical energy. Increasing investments in renewable energy and rising environmental concerns regarding greenhouse gas (GHG) emissions are driving the growth of solar panel companies, globally. Additionally, it has been noted that the growth of solar panel companies is driven by the recent increase in environmental pollution and provision of government incentives and tax rebates. Also, the decrease in water footprint associated with solar energy systems has fueled their demand from the power generation sector. Furthermore, the demand for solar panels has gained momentum owing to the surge in rooftop installations, followed by increasing applications in the architectural sector. The demand for parabolic troughs and solar power towers in electricity generation is also expected to expand the growth of solar panel companies in 2019.

SpendEdge’s latest procurement intelligence report on the global solar panel market offers actionable insights into the factors impacting the growth of solar panel companies in 2019, global market potential, and key supplier selection criteria.


Top Solar Panel Companies

Trina Solar

Trina Solar is a Chinese company located in the province of Jiangsu, with several branches in Europe, the US, and Asia. Trina Solar is listed on the PPVX solar share index and on the NYSE. The company was founded in 1997. This is one of the solar panel companies that develops and produces wafers, ingots, solar modules, and solar cells. Trina Solar surpassed Yingli as the biggest solar panel maker in the world. It is headquartered in Changzhou in China.

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Supply Chain Risk Analysis: A Case Study on How We Assisted a Leading Player in the Alternative Energy Sector

Overview of the alternative energy industry

Alternative energy sources are free and renewable sources of energy that are low on carbon emissions when compared with conventional sources of energy. They can be defined as any non-traditional energy source that meets the needs of the end-users. Unlike traditional energy sources, alternative energy sources do not make use of fossil fuels. The global alternative energy market is divided into three sub-segments, namely:

  • Solar energy
  • Wind energy
  • Geothermal energy

The growing need for renewable energy sources due to the depletion of fossil fuels is expected to drive the global demand for alternative energy. Also, the rapid advancements in energy storage and distribution technologies will further fuelrequest free proposal the market’s growth. Due to such factors, the global alternative energy sector is expected to witness accelerated growth in the foreseeable future.

The Business Challenge and Journey

A leading player in the energy industry was looking at leveraging SpendEdge’s risk analysis solution to identify factors hindering them from accomplishing their business goals. Their inefficient supply chain strategies were also contributing to major losses across the supply chain. As such, they wanted to refine their supply chain strategies to mitigate risks and enhance business growth. The alternative energy client was also looking at reducing the company’s risk profile by improving the efficiency of their overall supply chain operations.

To identify challenges in the supply chain management, the risk analysis experts at SpendEdge carried out extensive research comprising interviews and discussions with prominent stakeholders in the energy industry. The experts also compiled information across a wide array of reliable sources such as trade shows, company presentations, industry forums.

Why should you leverage risk analysis?

For any organization, gaining maximum value from the supply chain while meeting the end-users’ demands for sustainability and ethically sourced products is a difficult balance to achieve. To do so, organizations will have to assess their supply chain processes and identify the risks across the supplier network. Our risk analysis solutions help firms in developing and implementing appropriate risk mitigation strategies.

The assessment affects nearly every aspect of an organization including product development, R&D, demand and supply planning, manufacturing, delivery of goods, and customer returns. Moreover, the dynamic nature of supply chains across industries has made risk analysis an essential component of enterprise risk management.

Fundamental questions answered in this risk analysis study include:

Alternative Energy

The Results

With the help of risk analysis solution offered by SpendEdge, the alternative energy provider gained a better understanding of the process of risk discovery. The client was also able to identify and quantify the impact of each risk factor on their overall business growth. Additionally, our risk analysis experts offered recommendations on the ways to categorize risks and prevent the probability of their occurrence.

Moreover, the risk analysis solution enabled the client to achieve breakthrough improvements in their overall supply chain performance. Furthermore, it offered relevant insights to better understand the market scenario, supplier negotiation strategies, industry standards, and expectations.

Alternative energy industry challenges:

  • CommercializationClosely associated with the issue of timing and scalability is commercialization or the question of how far-off a proposed alternative energy source stands from being fully commercialized.
  • SubstitutabilityAn ideal alternative energy form would be one which can be directly substituted an existing form without requiring further infrastructural enhancements. However, this is very hard to achieve and is particularly pronounced in the case of the electrification of transportation, such as with electric vehicles.
  • Energy densityA major disadvantage of low energy density is that it results in a much greater resource consumption. Several alternative energy storage and distribution technologies are characterized by low energy densities, which means that their deployment will result in higher levels of resource consumption.

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Cost Model Analysis: How it Helped a Leading Alternative Energy Company to Understand the Key Cost Elements Across Their Supply Chain

Overview of the alternative energy industry:

Alternative energy sources are renewable sources of energy. It can be defined as any non-traditional source that meets the energy needs of consumers. Also, they do not cause any undesirable changes to the environment. To meet the growing energy needs of the global population, several researchers around the globe are focusing on developing and discovering new alternative energy sources.

Traditional sources of energy include fossil fuels, such as oil and natural gas, whereas alternative energy sources are those that do not require the use of fossil fuels. Although most alternative energy sources are considered renewable, a few are non-renewable. Alternative energy sources used for generating electricity include solar energy, wind energy, and geothermal request free proposalenergy sources. However, the leading alternative energy source for transportation fuel is biofuels, with ethanol leading the market.

The different sources of alternative energy include:

  • Solar Energy
  • Hydroelectric Energy
  • Biomass Energy
  • Wind Energy
  • Tidal Power
  • Geothermal Energy

The Business Challenge and Journey

The client, a leading player in the energy industry, specializing in the alternative energy segment was looking at leveraging SpendEdge’s cost analysis solution. The client wanted a detailed outline of the potential risks and gains in the alternative energy industry.

The company’s supply chain management executives recognized the tremendous benefits of leveraging SpendEdge’s cost analysis solution. As such, they were developing the lowest possible cost mix using our cost analysis solution. Moreover, the client wanted to gain detailed insights and recommendations that will help them achieve the lowest possible cost mix.

To identify challenges in supply chain functions, the cost analysis experts at SpendEdge carried out extensive research comprising interviews and discussions with prominent stakeholders in the alternative energy industry. The experts also compiled information across a wide array of reliable sources such as trade shows, company presentations, industry forums.

Fundamental questions answered in this cost model analysis study include:

Alternative Energy

The Result

SpendEdge’s cost analysis solution offered relevant insights that helped the alternative energy industry client in identifying the essential cost elements across their supply chain. Moreover, with the help of our cost analysis solution the alternative energy firm was able to determine the ability of their current cost model and tools to meet stakeholder’s needs for calculating and comparing financial data across their business segments.

Why should you leverage cost analysis?

Cost analysis is a practical approach to evaluate the strengths and weaknesses related to organizational spend. It helps in determining the best approach to achieve maximum benefits while improving overall savings.

Alternative energy industry trends:

  • Growth of the electric vehicles marketThe electric vehicles market is growing rapidly across economies. The drop in battery costs and affordability are driving the widespread use of electric vehicles. This enables the development of new energy stability solutions, including wind-solar hybrid generation, grid management using utility scale batteries, and plausible alternative power storage options such as pumped hydro or a gas grid to create an adequate balancing mechanism.
  • Change in primary energy demandAn unprecedented drop in the cost of clean energy production has occurred in the last couple of years. Solar energy and wind power generation have undergone an annual average percentage drop in the cost of production.  Moreover, owing to the affordability, use cases of alternative energy have broadened. Alongside electricity production, it is also offering new and enhanced solutions for mobility and energy security worldwide.

    To know more about our cost analysis solution solutions for the alternative energy sector firms

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Top Procurement Challenges in the LPG Gas Market

LPG gas is used as a fuel for many residential, agricultural, and commercial heat applications which includes cooking, heating, and hot water systems. However, the use of LPG gas has numerous other applications including its use as a refrigerant, propellant, vehicle fuel, and petrochemical feedstock. The consumption of LPG gas has been on the rise as it is an economical source of fuel and burns efficiently with very low combustion emissions. Although, burning LPG releases carbon dioxide, a greenhouse gas, the emission is very low per unit of energy produced compared to coal or oil. Currently, the US is the leading producer and exporter of LPG. The most common variety of LPG is bought and sold in the form of propane and butane gas. The global market for propane gas and butane gas is expected to grow at a rate of 3.1% and 2.8%, respectively, during the forecast period. (SpendEdge – Procurement Market Intelligence Report)

Challenges in the procurement of propane and butane gas

Butane gas market

  • Evaluating supplier’s compliance with labor laws and international standards regarding workplace conditions is extremely important as non-compliance may incur penalties and fines for the buyers. Conducting periodic audits of suppliers’ facilities adds to procurement costs and complexity as well acting as a significant procurement pain point.
  • Buyers need access to data associated with suppliers including plant utilization rates and total yield capacity of plants. Since the information is critical pertaining to suppliers’ operation, buyers may not always get such data. As a result, suppliers are not forthcoming with such information making it difficult for the buyers to assess suppliers.
  • In order to promote consumption of domestically produced products, several countries have levied import duties on products including butane. However, domestic prices for butane can be higher due to demand-supply imbalances and inefficiency across the value chain. Varying prices and high import duties add to the complexity of procuring the butane LPG gas.
  • Prices of butane are consistently changing due to factors such as variations in demand and supply and volatility in crude oil prices. As a result, there are different pricing for the butane LPG gas between the winter and summer seasons. Due to such price fluctuations, buyers have a hard time determining the procurement budget compelling them to hire consultants to forecast future prices, which adds to their procurement costs.

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CTA view full reportPropane gas market

  • Propane gas prices are highly dependent on the cost of crude oil, gasoline products, and diesel. The high volatility of crude oil prices leads to fluctuation in the cost of propane, thereby making it difficult for buyers to forecast propane gas prices to estimate their procurement budgets accurately.
  • The propane gas produced is generally stored in large steel containers or tanks or through underground pipelines in compressed liquid form at the buyers’ operational facilities. Storing propane in liquid form significantly increases the storage costs for the buyers in addition to the maintenance costs. As a result, buyers are facing complications in the procurement of this LPG gas in terms of added costs and efforts for storage.
  • In a bid to minimize their maintenance costs, buyers usually rent or lease the storage containers from suppliers. Consequently, signing a lease agreement makes it difficult for the buyers to switch from one supplier to the other due to the high switching costs. The switching costs include uninstallation and reinstallation of the equipment and also increases the downtime leading to operational interruptions.
  • The suppliers of propane gas usually engage with third-party vendors for the transportation and storage of propane. However, buyers are not aware of information regarding the contractual agreements between the supplier and third-party vendor in terms of the type of storage containers used and regarding compliance with transportation laws and regulations. Lacking such information makes it difficult for the buyers to abide by compliance laws and may impact their supply flow of LPG gas and quality of the product.

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Related posts

Supply Chain Risk Assessment Helps a Renowned Alternative Energy Supplier Address Flaws and Curtail Costs Across the Supply Chain

Category Overview

In this era of constant innovation and compliance regulations, firms operating in the power and energy space have started looking for renewable and alternative sources of energy. Additionally, the with the demand for fossil fuels reaching its saturation point, firms operating in the alternative energy space are seeking ways to address flaws and reduce their overall operational costs across the supply chain. request free proposalConsequently, to understand and devise means to tackle challenges across the supply chain, renowned businesses in the alternative energy space are advocating the need for robust supply chain risk assessment studies. Supply chain risk assessment studies help firms gain real-time actionable strategic insights into the flaws in the supply chain and formulate effective strategies to stay on par with the competition.

With years of experience in offering a wide range of supply chain solutions, the supply chain risk assessment specialists at SpendEdge help players across the alternative energy space to gain better flexibility into the current supply chain process; thereby, helping them improve business performance.

The Procurement Pain Point and Insights Offered

A leading alternative energy supplier client was facing predicaments in identifying the supply chain flaws. As a result, the client wanted to gain better visibility into their supply chain operations and formulate strategic ways to mitigate disruptions across the supply chain. Additionally, the client wanted to categorize the key performance indicators to curtail logistics costs and improve service quality.

To address the specific predicaments faced by the alternative energy supplier client and help them address flaws and curtail supply chain costs, the supply chain risk assessment specialists at SpendEdge tailored a unified research methodology, which involved primary and secondary research coupled with quantitative and qualitative data collection methodologies.

During the course of this supply chain risk assessment engagement, the alternative energy supplier client was able to devise robust supply chain risk mitigation strategies to curtail supply chain costs. Additionally, the client was able to accomplish better traceability of their services, in turn helping them gain a deeper understanding of the regulatory and compliance requirements.

Fundamental questions answered in this supply chain assessment engagement include

Business Outcome

This supply chain risk assessment engagement helped the alternative energy supplier client improve operational objectives consequently aiding them to curtail costs across the supply chain. Additionally, the client also deployed better sourcing and procurement strategies which helped them strengthen their supplier relationship.

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