Articles

In this Research Note, we examine Ameresco’s energy services business based on their 2025 results 2nd March 2026, presentation and 10K Report, highlighting their business segments, 2025 financial highlights, recurring revenue and EBITDA mix. This article updates our previous coverage of Ameresco in March 2025. Ameresco Profile Founded in 2000, Ameresco, Inc. is a leading […]

This Research Note examines Stem’s energy storage and solar business, 2025 financial highlights, and their progress towards a software-centric model, based on the company’s Q4 2025 results, 4th March 2026, and their latest 10-K report. We comment on their pivot to a dual-market software strategy aimed at both commercial and industrial clients and a utility-scale […]

This Research Note examines Eaton Electrical businesses worldwide, the Americas, and Global business units, which account for 73% of Eaton Corporation’s net revenues.  We highlight their acquisitions and strategic investments over the last two years to date and assess the group’s largest end market, data centers, in 2026. The two Electrical business segments combined account […]

The meta-analysis of 30+ independent studies in our new report reveals the gap between vendor claims and verified reality, and why it matters for procurement decisions. The Realization Rate Problem The most robust dataset available comes from NYSERDA’s Real Time Energy Management (RTEM) program, the largest independently evaluated deployment of building AI performance to date. […]

In this Research Note, we examine Legrand Group, from the perspective of its 2025 financial results reported on 12th February 2026. We highlight the group’s strategic roadmap, its focus on high-growth segments and acquisitions, and then comment on Legrand’s positioning in the global data center infrastructure ranking. Legrand Profile Legrand, a French public company, positions […]

This Research Note examines the major acquisitions, investments, and partnerships in the data center infrastructure sector since October 2024. We chart the activities of 11 primary suppliers of infrastructure to this vertical market as AI-driven demand and intense competition drive M&A and investment. Acquisitions, Investments & Partnerships in Data Center Infrastructure Our chart below documents […]

This Research Note examines the acquisition of Alloy Enterprises by Johnson Controls, announced on 18th February 2026.  The startup has developed technology for direct liquid cooled (DLC) components in data centers which enables a reduction in energy consumption. We highlight the innovative manufacturing process, the strategic rationale of the acquisition and our view of this […]

This Research Note examines the data center business of Siemens Smart Infrastructure (SI), based on Siemens FY 2025 Results and Q1 2026 results, 12th February 2026. We highlight their growth, strategy, and partnerships in this key vertical, before assessing the competitive landscape and Siemens position in our ranking of major building infrastructure suppliers to this […]