IDC’s Private Vendor Watch Launches Vendor Profile Series Focusing on Renewable Energy and Clean Tech Providers 668 words
FRAMINGHAM, Mass. – October 15, 2009 – IDC announced today that its Private Vendor Watch Service (PVWS) has expanded its coverage by releasing the first in a series of reports on emerging private companies in the renewable energy and clean tech market. Private Vendor Watch reports are designed for venture capital (VC) and other investors in emerging technology, as well as those doing IT portfolio management for advising on or acquiring these technologies.
The renewable energy market has witnessed a surge in demand and investment in recent years as businesses and consumers seek out more sustainable and environmentally friendly sources of energy. Biomass (wood) and hydroelectricity are currently the leading sources of renewable energy, providing roughly 18% of the world's energy consumption in 2006. Meanwhile, other sources of renewable energy, including wind power, solar thermal, photovoltaic, geothermal, and ethanol, are experiencing rapid growth and innovation to meet demand.
To bring the companies that are driving this growth and innovation into sharper focus, the PVWS has launched a series of vendor profiles that review each company's key success factors: market potential, technology/solution, corporate strategy, force multipliers, and customers. Recently published PVWS profiles in the renewable energy sector include:
* IQWind, a company that has developed a gearbox that increases the efficiency of wind turbines;
* 3GSolar, a company that has developed off-grid solar photovoltaic (PV) home systems for rural areas in developing countries; and
* Solel Solar, a company that develops and supplies solar thermal equipment for utility-scale projects providing hundreds of megawatts of clean energy.
"Today's technology landscape provides a unique opportunity for innovators and investors in the clean tech and renewable energy sectors," said Ryan Patterson, senior analyst, IDC Private Vendor Watch Service. "IDC is able to leverage its strong worldwide presence to deliver in-depth analysis and expert opinion on emerging vendors across all corners of the globe directly to our clients."
IDC's Private Vendor Watch Service is an important offering in the technology research market, addressing major gaps in small vendor analysis. The service centers around company profiles supplemented by deep market assessments. The profiles, written by IDC analysts who are experts in their relevant market areas, address corporate strategies, funding activity, technology and market analysis, factors for success, and business enablers. As part of its series on renewable energy and clean technologies, PVWS plans to profile companies in the solar (both thermal and photovoltaic), wind, hydropower, and biofuels markets, as well as electric cars and energy efficiency solutions.
The PVWS profiles and market assessments are highly complimentary to the due diligence work performed by VCs and private equity organizations when evaluating private companies in the IT space. Additionally, larger organizations reviewing potential technology-related M&A candidates will benefit from the service. IT strategy planners managing technology portfolios for Fortune 2000 companies will also be able to use the PVWS to review emerging technologies that can round out or enhance their vendor portfolios.
For more information about IDC's Private Vendor Watch Service, please contact Ryan Patterson at 508-988-6857 and email@example.com.
IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 100 countries worldwide. For more than 45 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com[http://www.idc.com].